nagpur according to experts educational institutions particularly those imparting professional education would be severely hit by the pms narendra modis latest move to curb the black money as most of them prefer cash from the students in case a seat is allotted under the management quotamoreover parents having unaccountable income also prefer the same mode in many institutions especially in private medical colleges there are cash vending machines for counting of huge number of notes as they charge about rs1 crorers 3 crore for a single mbbs or md seat according to parents even colleges running courses like ba bcom and bsc on nogrant basis tell them to pay half amount of fees in cash they also extort money from the students under one or other pretext like the capitation fees building funds and othersbecause of demonetization of rs500 and rs1000 notes the only mode of payment in cash will be rs100 notes paying fees will now result in accumulation of such a huge amount of currency that it will automatically hog limelight feels economist vinayak deshpande who is also heading nagpur universitys business management departmentexpectedly the college managements are not ready to come out in open about their views however they told toi that their finances would be surely affected and they wouldnt have any other option than to hike the fees the academic heads in these colleges however displayed brave face by stating that there wouldnt be any affect as they accept the fees in cheques or demand drafts vice chancellor of datta meghe institute of medical sciences dmims dilip gode felt that after introduction of entrance exams like neet there was complete transparency in their fee structure students are admitted on the basis of merit therefore there is no question of donations whatsoever he saidsome authorities feel that it might get tedious for students to pay the fees as they probably wont have access to the new denominations principal of ambedkar college pc pawar said there wont be any effect on admissions demand for change will increase but overall its a smart move by the government which would benefit the students community ultimately in long run he saidsome parents hailed the move stating that now the college wouldnt dare to ask them for donations in cash even if they demanded we could tell them that it wont be possible for them to carry big cash we could even lodge a complaint against them they said with inputs from sakina dawood