Himachal Pradesh Cabinet Approves ‘Orphan and Widow Cess’ on Fuel

The Himachal Pradesh Cabinet has approved the promulgation of an ordinance to levy a dedicated ‘orphan and widow cess’ on petrol and high-speed diesel at the point of first sale within the State. The decision aims to generate additional and assured resources for strengthening welfare schemes targeted at orphans and widows, without placing a burden on consumers.

China’s Population Decline Deepens in 2025 Despite Policy Push

China recorded its fourth consecutive annual population decline in 2025, underscoring intensifying social and economic pressures despite expanded family-support measures. Official data released this week showed the population fell by about 3 million to 1.404 billion, leaving China as the world’s second-most populous nation, behind India.

Davos 2026 Seeks Path to Cooperation Amid Polycrisis

The World Economic Forum (WEF) Annual Meeting 2026 commenced today in Davos, Switzerland, convening over 3,000 global leaders from politics, business, and civil society. The five-day summit unfolds against a challenging backdrop of slowing economic growth, geopolitical fractures, rapid technological disruption, and eroding public trust. Held under the theme “A Spirit of Dialogue”, the forum aims to bridge divides and foster renewed collaboration between governments, corporations, and international institutions.

IMF Raises India’s 2025 Growth Forecast to 7.3%, Cites Strong Domestic Momentum

The International Monetary Fund (IMF) has upgraded India’s economic growth forecast for 2025 to 7.3%, highlighting the country’s resilience amid global trade disruptions, tariff-related uncertainties, and geopolitical headwinds. The upward revision reflects stronger-than-expected domestic performance and sustained economic momentum at a time when many major economies face slowing growth.

Historic First Vijay Hazare Title for Vidarbha in Bengaluru Final

Vidarbha created history in Indian domestic cricket by lifting their first-ever Vijay Hazare Trophy, defeating two-time champions Saurashtra by 38 runs in the final. The title clash, played at the BCCI Centre of Excellence in Bengaluru, capped a season defined by batting depth and disciplined bowling from the Vidarbha side.