♦ The World Economic Forum (WEF) is holding its Annual Meeting from January 20 to 24 in Davos, Switzerland. Union Minister Ashwini Vaishnaw headed the Indian delegation.

♦ Maharashtra Chief Minister Devendra Fadnavis, Telangana Chief Minister Revanth Reddy, and Andhra Pradesh Chief Minister Chandrababu Naidu Chief also attended. 

♦ The five main these this year (2025) are: reimagining growth, industries in the intelligent age, investing in people, safeguarding the planted and rebuilding trust. 

♦ German professor Klaus Schwab founded the WEF in 1971, originally known as the European Management Forum.

♦ He was a mechanical engineering graduate who then earned a Master of Public Administration degree from the John F. Kennedy School of Government at Harvard University. 

♦ WEF introduced the concept of “stakeholder capitalism.”