WEF
Indian Overseas Bank revises FD interest rates: 6.75% rate on 444-day deposits, rate cut on 180–269 day FDs
Indian Overseas Bank has revised its fixed deposit interest rates, effective from November 10, 2026. Senior citizens can avail an additional interest rate, as well as super senior citizens.
Bank of India revises FD interest rates: Launches 500-day fixed deposit offering 7.35% rate to senior citizens
Bank of India latest FD interest rates: Effective November 2, 2026, Bank of India has revised its fixed deposit interest rates across various terms. A new option, the 500-day BOI Akshay Deposit, has been introduced with attractive rates specifically for senior and super senior citizens. Regular depositors can enjoy a competitive interest rate of 6.85%. With a minimum investment amount set at Rs 10,000, this offers a great opportunity for secure savings.
DA hiked by 3% to 63%: Know the impact of hike on salaries of Level 1-10 central government employees
DA hike news: In a significant update for central government employees, a 63% dearness allowance will be implemented for the period of July to December 2026. This marks a 3% rise in the current allowance, providing enhanced financial assistance. Level 1 employees can expect an increase of Rs 540 in their monthly salary.
SBI credit card rule changes from December 1, 2026: 1% fee on high-value transportation and fuel transactions; what changes for you
From December 1, 2026, SBI Card users will incur extra charges on specific transportation and fuel transactions. This fee structure will impact regular SBI credit card users significantly.
ICICI Bank and Indian Bank increase FD interest rates: Senior citizens can now earn up to 7.30% in this FD
ICICI Bank and Indian Bank have raised fixed deposit interest rates for select tenures effective October 23, 2026. Indian Bank also adjusted its rates, increasing FD rates on their special 555-day and 777-day FDs.
MENA must classify AI data centres as critical loads, overhaul power planning amid rising demand: WEF
The World Economic Forum has highlighted the urgent need for countries in the Middle East and North Africa to refine their energy strategies. With rising electricity consumption, limited water resources, and extreme temperatures impacting AI infrastructure, the report suggests classifying AI data centers as critical energy loads and improving regulatory frameworks.
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WEF could appoint Lagarde as early as November, sources say
Christine Lagarde is likely to be appointed as the chair of the World Economic Forum next month. This change would require her to step down from her position as European Central Bank chief. Following Lagarde's exit, there will be a reshuffle within the ECB due to upcoming political changes in France. The WEF board is scheduled to meet on November 2 to discuss her potential role.
Higher EMIs ahead on SBI loans: State Bank of India revises lending interest rates; Check latest EBLR, RLLR and MCLR rates
In response to the recent uptick in the repo rate, State Bank of India has elevated its External Benchmark-linked Rates and the Repo Linked Lending Rate. As a result, borrowers can anticipate an increase in their equated monthly installment payments. However, the MCLR rates have only seen adjustments across various tenures, leaving overnight and one-month rates untouched.
Children & AI: WEF expert calls for equal focus on innovation, child safety
Cathy Li from the World Economic Forum stresses the crucial role of AI literacy in children's education. She advocates for the incorporation of child safety features in AI tools utilized by kids across India, highlighting the importance of culturally and linguistically appropriate testing. Her whitepaper points out that, while AI presents educational advancements, it simultaneously brings safety risks.
WEF urges leaders to treat cybersecurity as economic investment, not just a cost
Decision-makers are urged to develop a common vocabulary to address cybersecurity as an economic stabilizer. The World Economic Forum report highlights the need for translating digital risks into measurable economic outcomes. Current investments in cybersecurity are often reactive rather than strategic, impacting organizational resilience. Establishing standardized metrics is critical for evaluating cyber posture in financial decision-making. Future efforts must focus on enhancing capabilities in under-resourced sectors to mitigate systemic shocks.
GPF interest rate for October-December 2026 quarter: Has Finance Ministry changed GPF rate from 7.1%?
The Ministry of Finance has set a 7.1% interest rate for the General Provident Fund, which will be applicable from October 1 to December 31, 2026. This rate will also extend to other funds linked to government establishments. The Finance Ministry evaluates the GPF interest rate every quarter, ensuring consistent returns for government employees saving in these funds.
Can banks raise FD interest rates now as RBI increases repo rate by 25 bps?
RBI MPC October 2026: The Reserve Bank of India has increased the repo rate by 25 bps from 5.25% to 5.50%, signaling a shift. Following this decision, banks are expected to raise fixed deposit interest rates in the near future. Retail inflation has been rising, indicating that further hikes may be necessary to control it. The competition from small savings schemes and government securities contributes to this pressure on banks.
FD interest rate hike coming? With rising inflation, many experts expect RBI to hike interest rate
Many financial analysts expect the Reserve Bank of India to increase the repo rate by 25 basis points. This forecast is driven by persistent inflation, soaring crude oil prices, and a depreciating rupee. Should the RBI implement this hike, it could lead to higher fixed deposit returns for investors. Meanwhile, public sector banks continue to offer lower rates, struggling against fierce competition from government securities and small savings schemes.
Variable dearness allowance hike from October 1: Check revised minimum wages for workers across categories
Variable dearness allowance: The government has announced an increase in Variable Dearness Allowance affecting various sectors including agriculture and construction. This revision will take effect from October 1, 2026, and will adjust minimum wages for workers accordingly.
The business case for climate action
The former IKEA CEO and Earthshot Prize chair argues that climate change and nature loss have become immediate business risks, not future concerns, amid geopolitical tensions, volatile energy prices, supply-chain disruptions and extreme weather.
Travis Kelce-Taylor Swift: Legendary Beatles musician Paul McCartney reveals wedding suggestions to Eros singer on Jimmy Kimmel Live show
Taylor Swift-Travis Kelce wedding: Paul McCartney confirmed he performed his group's 1963 track ‘I Want to Hold Your Hand’ after the ‘Shake It Off’ hitmaker tied the knot with Travis Kelce at New York's Madison Square Garden in July.
Has government increased SSY, PPF, NSC, other small savings schemes' interest rates for October-December 2026 quarter?
The Ministry of Finance has announced that the interest rates for small savings schemes will remain steady for the next quarter. This decision comes after two years of rate stability since December 2024. The review took into account inflation and bond yields, which hinted at possible rate increases. However, the government opted to keep things as they are, potentially revisiting the rates depending on future economic shifts and inflation trends.
Beyond the 7% headline: S&P maps the forces driving India’s next growth phase
India’s economy is set to grow 7% in FY27, according to S&P Global, which sees domestic demand, private investment, manufacturing, trade, energy security, renewable power, digital infrastructure and technology shaping India’s next phase of economic growth.
Will interest rates of PPF, SCSS and other small savings schemes go up on September 30 in next quarterly review due to high inflation?
On September 30, 2026, the Finance Ministry will evaluate interest rates for small savings schemes. With high inflation and increasing G-Sec bond yields, many are speculating about potential rate hikes. Currently, various schemes offer competitive returns exceeding 7%. Despite indicators suggesting adjustments, the government has kept rates steady for several quarters. The upcoming review will clarify the government's stance on these interest rates.
New Zealand family visa application to move to enhanced online system from November 16
New Zealand plans to move specific temporary entry visa applications to a new Immigration Online system. This transition will occur on November 16, 2026, for four visa categories. The enhanced system will improve the application process through dynamic forms and better guidance for applicants. Applicants can upload their passport scans, streamlining data entry and reducing errors. Changes will also clarify health requirements and partnership visa conditions.
EPF vs EPS vs EDLI: Earning Rs 10,000–Rs 35,000? Government reveals employee & employer’s monthly contributions from October 2026
The Ministry of Labour and Employment raised the Employees’ Provident Fund wage ceiling from Rs 15,000 to Rs 25,000. This change will enforce social security coverage for many organized sector employees in India.
Your Talent Strategy Has to Keep Up with Your AI Transformation
The entry-level job pipeline is thinning globally, and the consequences of eliminating these types of roles in favor of AI are compounding. Eliminate entry-level roles, and you reduce the headcount that justifies mid-level managers. Reduce mid-level managers, and you shrink the pool feeding director and VP pipelines. What looks like a staffing efficiency decision is actually a leadership supply decision whose full cost won’t appear for years. The leaders who navigate this well don’t abandon their automation strategies; they build the talent infrastructure that those strategies require by doing three things: 1) Redesigning entry-level roles as capability-building cohorts; 2) building a distributed apprenticeship pipeline; and 3) auditing and repaying the organization’s capability debt.
Global tourism strengthens, but rising visitor numbers fail to deliver wider benefits: WEF
Tourism is experiencing unprecedented growth, with international arrivals reaching a record 1.5 billion in 2025. Although improvements in tourism infrastructure and cultural resources have been noted, local communities are not reaping the benefits. Rising travel costs and labour shortages threaten to hinder further growth in the sector. The economic and social value generated by tourism has weakened since 2024, impacting local livelihoods.
World Economic Forum's 2026 Travel & Tourism Index: Japan tops the list, see where India stands
Japan has achieved the top position in the World Economic Forum's 2026 Travel & Tourism Development Index. India has seen significant improvement, moving up nine places to rank 31st globally. Improvements in tourism infrastructure and cultural resources contributed to India's rise in rankings. However, challenges remain, including workforce skills and environmental sustainability issues.
India has strongest growth outlook globally; 74% chief economists expect strong growth: WEF
India's growth outlook is the strongest globally, with 74 percent of economists expecting strong growth in 2026. Domestic demand continues to show resilience, though energy prices remain a significant concern. Only 45 percent of economists expect global conditions to weaken in the coming year, a significant decrease from previous assessments. Geopolitical conflicts are viewed as major risks to the economy, according to the report.
India-US ‘unsettled relations’, energy prices and lack of ‘AI play’ pose economic headwinds: CEA Nageswaran
India’s economy is facing near-term headwinds from unsettled ties with the United States, global energy prices and the lack of a significant “AI play”, Chief Economic Adviser V. Anantha Nageswaran said. He described India-US relations as being in an “uneasy equilibrium” amid lingering tariff issues and fresh risks from US levies on countries buying Russian energy. Nageswaran also said India cannot align itself with any global bloc, though maintaining that independence could mean higher energy costs and periodic supply disruptions.
Punjab govt hikes DA by 8 per cent; check new Dearness Allowance rates
Punjab Government will implement an 8% increase in Dearness Allowance for its employees starting September 1, 2026. The current rate will rise from 42% to 50%, benefiting all government employees. This announcement was made in a notification by the State Department of Finance. The increase will be included in the September 2026 salary. The Governor of Punjab approved this decision, thereby improving employee compensation.
India scores high on latest WEF standings: Growth outlook strongest, but some ground lost with MNCs
India's economy shows strong growth prospects for the next twelve months, a WEF survey found. Household incomes are also expected to rise, but the country's appeal as a business destination has slightly decreased. As per the survey, global economic sentiment has generally improved significantly since May.
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