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 Hindustan Times There is a widespread perception of policy paralysis in the corridors of power. The two remaining years of the UPA's term is still not too short to reverse the current drift, but time is rapidly running out. The damaged economy needs urgent fixing as does restoring the credibility of an executive racked by scandals and the absence of a sense of direction. The people of the country long...

-The Hindu The State government has ordered the increase in daily wages for beneficiaries under the Mahatma Gandhi National Rural Employment Guarantee Scheme to Rs.132 from Rs.119. Nearly 26.49 lakh persons will be benefited by the government’s gesture. This is part of the efforts made by Chief Minister Jayalalithaa, through various schemes, to improve the economy of rural households, considering the fact that villages are the lifeline of the State, stated an...

-The Economic Times The largest United Nations conference in history is happening now in Brazil. Rio+20, the UN Conference on Sustainable Development, is assembling over 50,000 people and more than 130 heads of state and government. Beyond the politicalcommitments world leaders are promising to make by the end of the summit, how can Rio+20 help us promote actual changes in policymaking towards socio-environmental synergies? The two main themes of Rio+20 - the...

-Live Mint Latest houselisting data demonstrates a visible growth in the material well-being of the two groups Indians, all of them, across class and caste, traded up over the past decade, a period of rapid and record economic growth—that’s the counter-intuitive message in the latest update to Census 2011. According to the so-called houselisting data released by the census, scheduled castes (SCs) and scheduled tribes (STs) have, like the rest of the country,...