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BusinessThe Reserve Bank of India has increased the minimum daily cash reserve ratio (CRR) maintenance from 90% to 99%, effective from the fortnight starting October 16, 2026. This follows a 25 basis point repo rate hike to 5.50%, the first in two and a half years. RBI will also conduct a ₹25,000 crore government securities sale on October 13 to absorb excess liquidity.
Business Standard·
TechnologyA study by the University of Limerick, University of Zurich, and SKEMA Business School found that human gender bias affects interactions with AI. Female-presenting AI assistants received 10.25% less financial reward than identical male-presenting bots, despite performing the same tasks with identical technology. The experiment in virtual office settings showed societal pay biases extend to synthetic agents.
News18 World·
BusinessFeeder cattle futures on the Chicago Mercantile Exchange surged to a three-month peak after the USDA unexpectedly increased its 2026 US corn harvest forecast, causing corn prices to drop sharply. Live cattle futures also rose to a two-month high, boosted by technical buying. The USDA expects the second-largest corn crop on record despite adverse summer weather, leading to lower feed costs and bullish cattle market sentiment.
Mint Markets·
PoliticsDelhi is preparing for major protests on October 10 as the Cockroach Janata Party (CJP) plans to march to Jantar Mantar demanding the resignation of Chief Election Commissioner Gyanesh Kumar over alleged electoral roll irregularities. Police have denied permission for the protest, prompting authorities to increase preventive measures across the capital to prevent unauthorized gatherings.
Times of India··Delhi
PoliticsThe Meghalaya High Court issued contempt notices to 26 bar association office-bearers for calling a boycott of judicial work demanding Advocate General Amit Kumar's removal. The court deemed the boycott illegal and disruptive, affecting litigants' legal representation. The notices were issued under the Contempt of Courts Act and the Constitution. The dispute began after a senior lawyer allegedly molested a woman intern on July 28.
The Hindu··Shillong
EntertainmentKeegan Allen, known for his role in Pretty Little Liars, was attacked and robbed by two masked assailants on Santa Monica Boulevard in West Hollywood. They threatened him with a gun and knife, fleeing with his watch. Allen sustained a forehead laceration. Local authorities have confirmed the robbery and are investigating the incident amid public concern.
TOI Entertainment··West Hollywood
Business Standard·
The Reserve Bank of India has increased the minimum daily cash reserve ratio (CRR) maintenance from 90% to 99%, effective from the fortnight starting October 16, 2026. This follows a 25 basis point repo rate hike to 5.50%, the first in two and a half years. RBI will also conduct a ₹25,000 crore government securities sale on October 13 to absorb excess liquidity.
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