The finance ministry has asked state-run banks to stop making payments to their customers through cheques from July 1 and to "migrate totally" to electronic payment channels, a move aimed at cutting costs in a sluggish economy.  In a circular issued to chairmen of public sector banks and regional rural banks, the ministry said all payments to customers, staff, vendors and suppliers as well as disbursement of loans and payments towards...

-The Asian Age   Amidst the high voltage campaign to tom-tom Bihar’s achievements for registering an unprecedented growth rate of 13.13 per cent for the year-2011-12, there exists a dark story. Almost half of the state’s population still lives below poverty line (BPL). According to sources in the Planning Commission, the background note, prepared by the panel for the Plan (2012-13) discussion with Bihar chief minister Nitish Kumar on Wednesday, around 48 per...

-The Times of India Try booking a tatkal train ticket online at 8am when booking counters and the web portal open simultaneously, and you will invariably find the website hanging frequently. Do not expect the situation to improve dramatically as IRCTC, the agency that runs the site, has plainly said it cannot meet the surging demand. A GM-level IRCTC official said there were simply too many users, especially ahead of festivals and...

-The Times of India The UPA is likely to rejig the Sonia Gandh-led National Advisory Council(NAC) with four members of the government think-tank for social sector reforms — Jean Dreze, M S Swaminathan, Harsh Mander and Madhav Gadgil — being dropped at the end of their second year tenure. Dreze, an economist and one of the most prominent faces of the NAC, who had strongly advocated for a universal food security, had...

-The Hindu Business Line VISAKHAPATNAM: Farmers in Visakhapatnam district are being encouraged to rediscover and adopt age-old agricultural practices, give up use of chemical fertilisers and pesticides, and grow organic crops, according to Mr P. Ramana, district manager of Community Managed Sustainable Agriculture project. He said in an interview that the project, being implemented by the District rural Development Agency (DRDA), is meant to support poor farmers to adopt sustainable agricultural practices...