Category Policy Update

The Withdrawal of Rupees 2000 Notes: A New Mini-Demonetisation in India Soon

In a sudden though not unexpected move, currency notes of the denomination Rs 2,000 are being withdrawn from circulation. This is announced via a notification released by the Reserve Bank of India and not the government (as at the time of demonetisation). These notes are not being withdrawn from circulation, but actually, they will stop circulating right away given that they will have to be deposited in a bank or exchanged for lower denomination notes.

Alterations Brought in by the National Education Policy Through the National Curriculum Framework

A structure in the form of a quartet called the National Curriculum Framework has been established to provide a new and improved educational system in India. The National Curriculum Frameworks, which span four different age ranges from early infancy to maturity, were introduced as a part of the National Education Policy of 2020 (NEP 2020).

Beijing Peace Plan

At the Munich Security Conference on February 18, Wang Yi (Member of the Political Bureau of the CPC Central Committee and Director of the Office of the Central Commission for Foreign Affairs) emphasized that “Human Society must not repeat the old path of antagonism and must not fall into the trap of Zero-sum game, war and conflict”. Therein he announced that the Chinese side would propose its position on the political settlement of the Ukraine crisis. On February 24, the Chinese Foreign Ministry released its 12-point peace plan.

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