-The Telegraph Ahmedabad, Aug. 25: A chain of farmer suicides in Saurashtra and the Congress’s initiatives to reach out to affected families appear to have put the Narendra Modi regime on the backfoot ahead of the Gujarat elections. Twelve farmers have died in the drought-hit region in the past month. But the government is still in denial mode, claiming the “deaths are not related to crop failure” and that more farmers commit...

-PTI Employees of public sector banks have gone on two-day nationwide strike today opposing banking sector reforms and outsourcing of non-core activities, affecting operations. Several private sector banks, foreign banks and ATMs, however, continued to operate normally. The strike call was given by the United Forum of Bank Unions (UFBU), an umbrella organisation of nine unions of employees and officers of PSU banks. They are protesting against banking sector reforms and unilateral implementation of...

-The Indian Express An intriguing paradox of contemporary Indian politics has been insufficiently noted: corporate India finances India’s elections, substantially if not wholly, but it is unable to determine election outcomes. Money matters, but it is not always electorally decisive. The recent Uttar Pradesh elections provide the clearest illustration of this proposition. As is well known, the Congress, BJP and BSP were all better financed than the SP which, especially after the...

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 Business Standard Days after the High Court here struck down the Singur Land Rehabilitation and Development Act, Chief Minister Mamata Banerjee today announced the state would double the monthly aid to Singur landlosers to Rs 2,000 a month. The announcement of an increase of Rs 1,000 in monthly allowances to Singur farmers was made by the All India Trinamool Congress on Twitter, quoting the chief minister. Earlier, the state government had announced...