Finance Ministry denies news reports suggesting withdrawal of cheque book facility

This might well be the latest case of how a story is twisted beyond recognition and then presented in the media, fueling a rumour, which could very well cause panic in the markets.

Last week we saw a flurry of media reports claiming that, in a push towards digital transactions, the Government could stop the cheque book facility. It all started with a set of news reports which were based on a PTI report, which had the following headlines:

- Advertisement - - Article resumes -

At this stage, the reports were simple & clear: An officer bearer of a trade body claimed that cheque facility may be withdrawn. The news reports very clearly quoted him in the headline, clarifying that this was his view, and not of anyone from the Government. By 21st November, Economic Times ran a story which showed the below preview:

Although the headline suggested PM Modi may withdraw the cheque book facility, the text below clarified that it was the view of the trade body official.

By 21st November though, the headlines were devoid of any reference to the CAIT official, and the reports were titled as below:

Reference to the CAIT official was now left to some obscure paragraph in the article, and the headline strongly indicated that this was a move by the Government. We even saw some analysis of the feasibility of the move:

Now, the Finance Ministry has clarified via twitter that all such news reports were baseless and that there was no such proposal under consideration:

For the past few days, the media took the readers for a jolly good ride. A story which was basically the opinion of a non-Government person, was packaged and presented as if it was a story based on some information from some Government source or document.

Share and Support:
Support OpIndia by paying for content

Most read articles recently

Here is why BJP lost elections, and of course, it was deliberate

What BJP supporters need to realise is this - no political party ever wants to lose and least of all, a party led by the two most politically aggressive politicians the country has ever seen.
Madhya Pradesh, Chhattisgarh, Rajasthan, Telangana, Mizoram assembly election results

Latest updates and breaking news on counting day: EC declares 3 wins in Madhya Pradesh, all 3 go to BJP

Latest news and updates from 2018 assembly election results of Madhya Pradesh, Chhattisgarh, Rajasthan, Telangana, and Mizoram.

Can the BJP satisfy its online supporters? If only it were Congress

BJP supporters online, also known as the ‘right wing’, are first to attack the party and write it off after electoral setbacks.

BJP’s real woes: Lessons from the electoral semi-finals

The prolonged silence of Prime Minister Narendra Modi and BJP President Amit Shah on election results was very telling. The results were clearly unexpected and possibly led to prolonged internal discussions on the future course of action.

Prashant Bhushan and left-liberal cabal was actively helping Vijay Mallya in UK court by attacking CBI special director Rakesh Asthana

Vijay Mallya's defence team was using Indian left-liberals' allegations agaist Rakesh Asthana in London court

Has PM Modi sounded the start of slog overs with the new RBI Governor’s appointment

Shaktikanta Das, who is currently a member of The Finance Commission and Former Finance Secretary (the one who presided over Demonetisation), has been appointed as the new RBI Governor by the Modi government

India cannot turn into Islamic Nation, only Modi can understand gravity and do needful: Meghalaya HC

There should be uniform law for all Indian citizens, and anybody opposing the Indian laws and constitution cannot be considered as citizens of the country, Meghalaya High Court noted
It is time for Congress and Gandhi Family mukt Bharat

Why Congress-mukt Bharat is still very much in progress

It is time BJP supporters understand the meaning of the term 'Congress-mukt Bharat'.

Mayawati extends support to Congress for Madhya Pradesh, may consider Rajasthan ‘to keep BJP out of power’

She said to defeat BJP in Rajasthan, too, BSP will extend support to Congress.

Demystifying Civil Society: Organization linked to ‘Urban Naxals’ wants schools to teach ‘Human Rights Education’

Federation for Human Rights (FPR) urged the government of Puducherry to introduce "Human Rights Curriculum" in the school curriculum in the Union Territory.

Latest articles

Connect with us

125,532FansLike
97,445FollowersFollow
6,058SubscribersSubscribe

Don't miss these