-PTI Some media reports said there is a possibility that the central govt may withdraw bank cheque book facility in the near future, with an intent to encourage digital transactions. New Delhi: The finance ministry on Thursday said there is no proposal to withdraw the bank cheque book facility, which is an integral part of the payments landscape. The clarification comes in the backdrop of reports in a certain section of media that...

-Livemint.com Hundreds of farmers came to Delhi to tell their stories, but their problems are similar: crop failures, rising debt, losses from farming due to low crop prices leading to suicides New Delhi: A copy of the Telugu daily Sakshi, dating back to 2015, is M. Lakshmi Devi’s constant companion. The newspaper, a part of which is stained by tea, contains a report about the suicide of a debt-burdened farmer—her husband. “We had...

-The Hindu Business Line Farmers have been borrowing from banks to repay lenders and reversing the cycle Ahmedabad: In the Saurashtra region of Gujarat, a saying goes: “A farmer is always indebted. He is born in debt and dies with a debt. What matters is how he manages this debt in his life.” There is a skew in Gujarat’s water resource distribution. Saurashtra covers 31 per cent of the State’s landmass but gets...

-TheWire.in In 2016-17, pending payments under the employment scheme in the state amounted to a whopping Rs 5,571 crore. Tiravur, Tamil Nadu: “I could kill someone,” said Janaki Chinarasu in early June at her home in Tiruvarur, protecting her forehead from the heat with her hands askew. “It’s like the sun god has conspired with the rain god to punish us.” Chinarasu is a frail, strong-witted woman with a five-year-old on her lap...

-The Hindu We need to revisit the credit policy with a focus on the outreach of banks and financial inclusion Since Independence, one of the primary objectives of India’s agricultural policy has been to improve farmers’ access to institutional credit and reduce their dependence on informal credit. As informal sources of credit are mostly usurious, the government has improved the flow of adequate credit through the nationalisation of commercial banks, and the...