RBI to withdraw Rs 2,000 notes: Banks asked to stop issuing them; to continue as legal tender till Sept 30

News Network
May 19, 2023

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New Delhi, May 19: The Reserve Bank of India has decided to withdraw the Rs 2,000 denomination banknotes from circulation. However, the central bank has said that the currency notes will continue to be legal tender till September 30. RBI has asked banks to provide deposit and/or exchange facility for Rs 2,000 notes until September 30, 2023.

The central bank has also asked banks to stop issuing Rs 2,000 notes with immediate effect. This change has been brought about in pursuance with RBI's “Clean Note Policy”, RBI said in its communique.

Members of the public will be allowed to deposit Rs 2,000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch. 

However, RBI added that exchange of Rs 2000 banknotes into banknotes of other denominations can be made upto a limit of Rs 20,000 at a time at any bank starting from May 23, 2023.

Deposit into bank accounts can be made in the usual manner, that is, without restrictions and subject to extant instructions and other applicable statutory provisions, the central bank added.

The facility to exchange Rs 2,000 banknotes upto the limit of Rs 20,000 at a time will also be provided at the 19 Regional Offices (ROs) of RBI having Issue Departments from May 23, 2023.

RBI said that it had undertaken a similar withdrawal of notes from circulation in 2013-2014.

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News Network
March 15,2025

Mangaluru: Parents in coastal Karnataka are facing a significant financial burden as private schools across the region have implemented a sharp 20% or higher fee hike for the new academic year. This marks a drastic increase compared to the 6-15% annual hikes over the past four years. Schools justify the rise by citing increased teacher salaries and rising operational costs.

A parent from a CBSE school in Moodbidri reported that last year, his child's school fee was Rs 23,000, excluding transport and books. This year, it has jumped to Rs 29,000. "Fees for all classes in our school have been hiked by Rs 6,000," he shared.

Similarly, Jean D'Souza, whose two children study at an ICSE school in Mangaluru, said the school has increased fees by Rs 5,000 this year, from Rs 46,000 to Rs 51,000. Another parent from an ICSE school on the outskirts of the city reported a 20% hike and urged the government to intervene and regulate school fee increases.

Additional Costs Add to Parents’ Burden

Parents highlighted that beyond tuition fees, they also bear expenses for transport, uniforms, and books. Monthly transport fees range between Rs 1,500 and Rs 2,500, while book costs amount to Rs 5,000 to Rs 6,000 per child annually. However, some relief comes from schools allowing fee payments in installments. "Many schools permit two to four installments, which helps ease the financial strain for parents," said a school management representative.

Schools Defend the Fee Hike

A school principal explained the reasons behind the steep fee increase this year. "Most schools refrained from major fee hikes after the pandemic. However, teacher salary demands have increased, and with a shortage of trained educators, retaining them is difficult without annual pay raises," he said.

Other rising costs include electricity, water, building maintenance, government fees, and general operational expenses. School managements argue that these factors make the fee hike necessary to sustain quality education.

While parents express frustration over the rising costs, the debate over striking a balance between affordability and sustaining quality education continues. Many now call for government intervention to regulate private school fee structures, ensuring that education remains accessible to all families.

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Media Release
March 14,2025

Thiruvananthapuram/Kochi: Tushar Gandhi, the great-grandson of Mahatma Gandhi, on Friday said that he will neither retract his recent statements against the RSS and BJP nor will he apologise for them, while the two saffron outfits demanded that he be arrested for his remarks.

Gandhi, during the recent unveiling of a statue of the late Gandhian P Gopinathan Nair at Neyyattinkara in Thiruvananthapuram, had referred to the BJP and RSS as "dangerous and insidious enemies" who have entered Kerala.

He had also termed the RSS as "poison", following which BJP-RSS workers shouted slogans and blocked his car.

On Friday, speaking at an event in Aluva near Kochi, Gandhi said that once he said "those things", he does not believe in retracting them or apologising for them.

"What this incident has done is strengthen my resolve to continue to expose the traitors. This is a fight which is even more essential than the freedom fight. We have a common enemy now, the Sangh. They must be exposed," he said.

He also said that he was worried that "the descendants of my great grandfather's murderers" will go to Mahatma Gandhi's statue and fire bullets at it "as they are habituated to do".

The BJP hit back at him by saying that he is just someone who was "by default" born as a descendant of Mahatma Gandhi and has been trying to "monetise" his great grandfather's name.

Former Union Minister of State and BJP leader V Muraleedharan alleged that Tushar Gandhi has been for several years trying to "monetise" Mahatma Gandhi's name.

Muraleedharan, speaking at a BJP protest against Tushar Gandhi at Neyyattinkara, further said that those who invited him for the statue unveiling probably were not aware of his background.

He further said that just because Tushar has the Gandhi name, it does not entitle him to the same respect or honour reserved for the Father of the Nation.

He demanded that Tushar Gandhi be arrested for his statements based on the BJP's complaint.

The BJP leader also criticised the Pinarayi Vijayan government for arresting five RSS-BJP workers a day ago for raising slogans against Mahatma Gandhi's grandson.

A case was registered against the five people under Sections 189(2), 191(2), 190, and 126(2) of the Bharatiya Nyaya Sanhita (BNS) on charges of unlawful assembly, rioting, and wrongful restraint.

According to the police, a small group of people, allegedly linked to the Sangh Parivar, raised slogans against Tushar Gandhi at the end of a function he attended at Neyyattinkara on Wednesday evening.

Vijayan had strongly condemned the alleged "Sangh Parivar attack" on Tushar Gandhi, stating that actions that suppress freedom of expression cannot be allowed in a democratic society.

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coastaldigest.com news network
March 3,2025

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In a significant policy shift, the central government has amended the passport application process, making birth certificates the sole valid proof of date of birth for individuals born on or after October 1, 2023. This move aims to streamline documentation and ensure uniformity in age verification.

Mandatory Birth Certificate for New Applicants

The new rule, announced last week as part of the amended Passport Rules, will take effect after its publication in the official Gazette. As per a notification dated February 24, the Ministry of External Affairs has revised the requirements for submitting proof of date of birth when applying for a passport.

For individuals born on or after October 1, 2023, only birth certificates issued by the Municipal Corporation, the Registrar of Births and Deaths, or any other authorized body under the Registration of Births and Deaths Act, 1969, will be accepted as valid proof of date of birth.

However, those born before this date can continue to submit alternative documents, including school transfer certificates, matriculation certificates, PAN cards, driving licenses, or extracts from service records.

Changes in Residential Information

To enhance privacy, applicants’ residential addresses will no longer be printed on the final page of passports. Instead, immigration officers will retrieve this information by scanning an embedded barcode.

New Colour-Coded Passports

The government has also introduced a colour-coding system for passports:

  • White passports for government officials
  • Red passports for diplomats
  • Blue passports for ordinary citizens

Parental Information No Longer Required

Another major change is the removal of parents' names from the last page of the passport. This revision is aimed at protecting personal information, particularly for individuals from separated or split families.

Expansion of Passport Seva Kendras

To enhance accessibility, the government plans to increase the number of Post Office Passport Seva Kendras (POPSKs) from 442 to 600 over the next five years. The Department of Posts and the Ministry of External Affairs (MEA) have extended their Memorandum of Understanding (MoU) to facilitate this expansion, ensuring continued passport services at POPSKs.

Officials noted that passport rules regarding date of birth had not been updated for a long time, largely because many rural residents lacked birth certificates. However, with stricter enforcement of the Registration of Births and Deaths Act, 1969, birth certificates have now become the only recognized proof for those born after October 1, 2023.

These sweeping changes mark a significant update in India’s passport application process, reinforcing security, privacy, and efficiency in document verification.

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