Home News Reports Finance Ministry denies news reports suggesting withdrawal of cheque book facility

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At this stage, the reports were simple & clear: An officer bearer of a trade body claimed that cheque facility may be withdrawn.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 This Post With Your Friends & Fans:
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.

Election 2019 Live Updates

Track all the updates on one page as the results and trends trickle in

Shehla Rashid remembers 2014, says she had wanted Kejriwal as PM

Shehla Rashid loses it early on counting day, says “Felt like a Muslim when ‘mass murderer’ won in 2014”

As early trends show an NDA victory, Shehla Rashid calls him a mass murderer, says she had wanted Arvind Kejriwal as PM in 2014 and she had felt like a 'Muslim'.

Live updates: According to EC, BJP leading in 299 seats on their own, clocks victory in 2, taking their tally possibly to 301

Latest results, trends, updates, and news about 2019 Lok Sabha election counting. Find out who will form the next government.
NYT peddles Modi 2.0 as victory of India's most divisive leader

Dear New York Times, India has chosen Modi 2.0, deal with it

When India gives a thumping, unprecedented, overwhelming victory to a man who has made every single Indian feel proud of their nation and heritage, the NYT's heartburn is expected. 
Rana Ayyub had a meltdown seeing BJP securing an unprecedented victory

Unprecedented Modi victory triggers meltdown for controversial journalist Rana Ayyub

Prospect of a stunning Narendra Modi victory in 2019 Lok Sabha election triggered a mental collapse for controversial journalist Rana Ayyub

IIT graduate and an IAS officer explains in detail why EVMs can’t be ‘hacked’ or ‘tampered’ with

Bhavesh Mishra, IAS 2015 batch, B.Tech IIT Delhi, on Quora gave a detailed explanation regarding why EVMs cannot be 'hacked' or 'tampered' with.
Reactions of Liberals after NDA appearing to secure majority

‘Liberals’ have a meltdown as result day trends indicate a massive victory for PM Modi

Trends indicate that Prime Minister Narendra Modi will once again take an oath for the post of Prime Minister. This has not gone down well with the Liberal intelligentsia and they are losing their cool over this prospect

Kanhaiya Kumar’s family uses LPG stove to prepare for his victory, contrary to his claims just a few weeks ago

Kanhaiya had claimed that his mother cooked on a Chullah and not on an LPG stove as it was not viable because of being too expensive and also exhausted within 3-4 days.

Barkha Dutt expresses deep anguish over the fact that the mainstream media can no longer influence elections

Barkha said it doesn't make her happy that mainstream media cannot influence the voters to vote in a particular way anymore.

AAP’s Sanjay Singh wants Arnab Goswami to either go to a mental asylum, be jailed or drowned

AAP's Sanjay Singh was reacting to a clip by Arnab where he was mocking the Opposition for their EVM drama
PM Modi slammed Mayawati for not defending the people of UP and Bihar against TMC government's accusations

23rd May 2019: When the future of Bengal politics was changed forever

Whatever the ultimate result may be, one thing is for certain, going into the 2021 Assembly Elections in the state, for the first time in history, West Bengal will have a party of saffron hue as the primary opposition.
Subscribe to Day's Top Stories

Latest articles

Connect with us

Share This Post With Your Friends & Fans: