DENVER, Del. - Nov. 21, 2016 - PRLog -- Flex Class Holdings Inc., the online MBA institution, has applauded Indian Prime Minister (PM) Narendra Modi's decision to demonetise a major portion of Indian currency, primarily constituting of Rupees Five Hundred and Rupees One Thousand notes.
The company believes that this move will slowly kill the black economy. The company is of the opinion that purchasing power for the essential commodities will not take a hit, however, the sale of luxury items will reduce substantially. As per the company, this move will balance the economy in favour of a common man.
"A major portion of black money in India was transacted through educational institutions. Many institutions used to accept cash donations, which from November 8 is nearly eliminated. PM Narendra Modi is the real lion of India," said Mahendar Verma, IT head of Flex Class India.
Flex Class also requested PM Narendra Modi to encourage students to avail education through online mediums which can reduce the unnecessary burden of cost and travel on the students. The company also requested PM Narendra Modi to improve the internet connectivity in the remotest of the areas.
Flex Class provides online MBA courses to Indian students; the USP of Flex Class is that the fee is refunded to the student at the end of the course tenure.
Flex Class Holdings Inc. is proposing to be listed on the OTC Markets and is valued at US $101 million or ₹686 crore as per the OTC Pre Markets.
Contact
Rajesh Chauhan
***@flexclass.org
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