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The Union Cabinet has approved a Productivity Linked Bonus for railway employees worth Rs 2,009.61 crore. It will benefit approximately 11.41 lakh eligible railway staff members across various categories. The maximum bonus that each eligible employee can receive is Rs 17,951. This annual bonus is provided ahead of the Durga Puja and Dussehra holidays to motivate employees. Railways recorded significant freight loading and passenger numbers during the 2025-26 period.
RBI’s new CAS move: Announced on October 7, 2026, the measures will allow SEBI-regulated depositories to include information related to deposit accounts in CAS. RBI Governor Sanjay Malhotra said the measures would be implemented by December 31, 2026. Let’s understand what all is expected to be consolidated and what it means for you:
September's inflation report shows a notable rise in US consumer prices, hitting 3.7%. This surge can be traced back to escalating gasoline costs and strong core inflation signals. The rising costs in gas are exerting upward pressure on a variety of sectors, including transportation and travel. These figures may sway Federal Reserve decisions on interest rates as midterm elections loom, directly influencing American families' budgets.
The Cabinet Committee on Economic Affairs (CCEA) has approved M/s 10955230 Canada Inc, a subsidiary of Fairfax, as the strategic buyer for the combined stakes held by the government and Life Insurance Corporation of India (LIC). The government will sell its 30.48 per cent holding for around Rs 26,620 crore.
Oil prices have dipped as investors assess potential shipping threats in the Strait of Hormuz. The uptick in prices was initially fueled by recent assaults on Saudi Aramco and provocations from Iran. The Trump administration is mulling over the possibility of loosening sanctions on oil vessels to alleviate shipping costs, particularly given the surge in freight prices.