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.