India was ranked low at 105th position out of 130 countries globally on the 2016 Human Capital Index (HCI)

The World Economic Forum (WEF) on 28 June 2016 released the Human Capital Report 2016.
•    The WEF prepared the report in collaboration with Mercer, an American global human resource and related financial services consulting firm.
•    The report presents an analysis by focusing on a number of key issues that can support better design of education policy and future workforce planning.
•    The Human Capital Index 2016 ranks 130 countries on how well they are developing and deploying their human capital potential.
Top ten Countries in the Human Capital Index are:
•    Finland (1)
•    Norway (2)
•    Switzerland (3)
•    Japan (4)
•    Sweden (5)
•    New Zealand (6)
•    Denmark (7)
•    The Netherlands (8)
•    Canada (9)
•    Belgium (10)
Bottom ten Countries in the Human Capital Index are:
•    Lesotho (121)
•    Senega (122)
•    Côte d'Ivoire (123)
•    Burundi (124)
•    Guinea (125)
•    Mali (126)
•    Nigeria (127)
•    Chad (128)
•    Yemen (129)
•    Mauritania (130)

India occupied the 105th position among the 130 countries surveyed in the Index. In 2015, India's position was 100th among the 124 countries surveyed in the Index.
Telecom-to-energy conglomerate Reliance Industries (RIL) and India’s largest lender State Bank of India (SBI) have signed Subscription and Shareholders’ Agreement to set up payments bank.
Telecom-to-energy conglomerate Reliance Industries (RIL) and India’s largest lender State Bank of India (SBI) have signed Subscription and Shareholders’ Agreement to set up payments bank. 
•    As per the agreement, RIL will be the promoter with a 70 per cent equity contribution in the payments bank and SBI as joint venture will have 30 per cent equity contribution. 
•    RIL-SBI combine was among the 11 entities that were in August 2015 were given licence by the Reserve Bank of India (RBI) to start a payments bank. 
•    So far two of these – Cholamandalam Investment and Finance Co and Sun Pharma, IDFC Bank and telecom operator Telenor have decided to shelve plans of launching payments bank. 
•    Payments banks are small deposit-taking institutions that can accept deposits (initially up to 1 lakh rupees per individual). 
•    Besides, they will offer Internet banking, facilitate money transfers and sell insurance and mutual funds by piggy-backing on existing retail or other networks. 
•    They can also issue ATM/debit cards, but not credit cards. However, they are also not allowed to lend. 
•    Instead, they can invest 75% of their deposits in short-term government bonds.