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 Hindu An odd job that was going to earn her some extra money happened to turn 23-year-old Aarthi Jaiswal into a voice for her neighbourhood in Jahangirpuri here. A few months ago she and a group of her friends were hired for Rs.150 per day to conduct a house-to-house survey asking for people’s opinion on the Delhi Government’s proposal to replace the public distribution system with direct cash transfers into...

-The Hindu Technical glitches in the unique identification method make it unreliable in disbursing wages under the employment guarantee scheme   Within a few weeks of “Aadhaar-enabled” payments of Mahatma Gandhi National Rural Employment Guarantee Scheme wages being initiated in Jharkhand, earlier this year, glowing accounts of this experiment started appearing in the national media. Some of them also gave the impression, intentionally or otherwise, that this successful experiment covered most of Jharkhand....

-Down to Earth World is moving towards natural capital as a measure of economic growth After using gross domestic product, or GDP, as the universal measurement of economy for six decades, the world has begun looking beyond this gold standard for measuring a country’s economy. On May 25, 10 African countries agreed to incorporate their natural capital, or value of their natural resources, into their national accounts to make better economic decisions. The...

-The Economic Times Imagine a rural family of five. Mom. Dad. Two kids. And Grandma. Assume too that they are below the poverty line. The day is coming when this family will have to give its biometrics out to myriad agencies.  You know that Nandan Nilekani's Unique Identification Authority of India (UIDAI) or the Registrar General's National Population Register (NPR) has been collecting biometrics for a while now.  But a set of other...