January 4, 2026

Saudi Arabia Approves $57.9 Billion Borrowing Plan for 2026 with Focus on Debt Sustainability

Saudi Arabia’s Finance Minister approves a $57.9 billion borrowing plan for 2026 to cover a budget deficit and repay debt. The plan aims to keep debt sustainable while boosting local markets and global investor interest.

January 4, 2026

Tamil Nadu Launches New Assured Pension Scheme With Better Benefits and PFRDA Fund Management

Tamil Nadu unveils the Assured Pension Scheme (TAPS), closely modeled on the Old Pension Scheme but with key improvements. Around 6.24 lakh employees under the current system will move to TAPS, which promises better family benefits and pension payouts. The government shifts pension fund investments from LIC to PFRDA for better returns.

January 4, 2026

Trade Union Pushes to End Housing Tax Breaks Fueling Property Inequality in Australia

The Australian Manufacturing Workers’ Union wants to end key housing tax breaks like the capital gains discount and negative gearing. It says these benefits make property costly and unfair. The union urges a new way to help renters buy homes and wants the government to act fast.

January 3, 2026

Shimla Court Declares Himachal University Promoters as Fugitive Economic Offenders in Fake Degree Scam

A special PMLA court in Shimla has named mother-son duo promoters of Manav Bharti University as fugitive economic offenders in a ₹387 crore fake degree money laundering case. Both are now in Australia, and the ED will move to seize their assets.

January 3, 2026

Shimla Court Names Two Manav Bharti University Promoters as Fugitive Economic Offenders

A Shimla court declared two promoters of Manav Bharti University as Fugitive Economic Offenders in a ₹100 crore fake degree scam. They are now based in Australia.