India Set to Surpass Japan as World’s Fourth-Largest Economy by 2026
According to the PHD Chamber of Commerce and Industry (PHDCCI), India is on course to surpass Japan and become the world’s fourth-largest economy by 2026. Projected GDP growth rates of 6.8% for fiscal year 2025 and 7.7% for 2026, along with strategic economic reforms, favorable monetary policies, and efforts to boost key sectors, support this optimistic forecast. India’s rise highlights its robust macroeconomic fundamentals and the government’s proactive efforts to foster growth and attract global investment.
Cabinet Approves Formation of 8th Central Pay Commission
On January 16, 2025, Prime Minister Narendra Modi and his cabinet approved the formation of the 8th Central Pay Commission (CPC) for central government employees, as announced by Union Minister Ashwini Vaishnaw. This decision aims to revise salaries and allowances, benefiting over 1.15 crore central government employees and pensioners. The commission is expected to prepare its recommendations ahead of the current 7th Pay Commission’s term ending in 2026. This move ensures that the compensation structures remain fair and competitive, aligning with economic conditions.
Supreme Court: Maintenance Payments Unaffected by Conjugal Rights Compliance
The Supreme Court has clarified that proceedings for restitution of conjugal rights and maintenance are independent. This ruling states that a husband must continue paying maintenance to his wife even if she does not comply with an order for restitution. This decision underscores the principle that maintenance obligations remain intact regardless of whether the wife complies with the restitution decree, ensuring financial support is not disrupted.
Arjun Erigaisi Shocks Chess World with Big Wins
In a stunning display at the Titled Tuesday online chess event, Indian grandmaster Arjun Erigaisi defeated World No. 1 Magnus Carlsen and World No. 2 Fabiano Caruana. Erigaisi, 21, secured 10 points from 11 rounds, finishing the event triumphantly. He even surpassed Hikaru Nakamura despite a defeat in round 7. This extraordinary accomplishment bolsters Erigaisi’s reputation and sets a promising trajectory for his future in international chess tournaments.
Odisha Announces ₹20,000 Pension for Emergency Detainees
The Odisha government has introduced a ₹20,000 monthly pension for individuals jailed during the Emergency period (1975-1977). This measure, effective from January 1, 2025, aims to support over 300 surviving detainees. In addition to the pension, the state will also cover medical expenses for the beneficiaries, ensuring their well-being. Eligible detainees must submit applications with proper documentation to avail of these benefits, reflecting a significant step in honoring and supporting their contributions and sacrifices.
Major Irrigation Project in Rajasthan Faces Environmental Concerns
The Parbati-Kalisindh-Chambal-Eastern Rajasthan Canal Project (PKC-ERCP) aims to boost irrigation across 23 districts in Rajasthan, providing essential water for agriculture, drinking, and industrial use. Effective January 1, 2025, this project will significantly impact the region but also poses environmental challenges, including potential harm to the Ranthambhore Tiger Reserve. Critics highlight the need for ecological measures to mitigate adverse impacts on wildlife and habitats. Balancing development and environmental conservation remains a crucial consideration.