The Covid pandemic has created a new billionaire every 30 hours and now one million people could fall into extreme poverty at the same pace, Oxfam said Monday as the Davos summit returns.

Maharashtra, India's largest state in terms of GDP and home to the country's financial capital Mumbai, on Sunday joined the World Economic Forum's Global Plastic Action Partnership (GPAP) to advance regional efforts to fight plastic pollution.

After a gap of nearly two-and-a-half years, Davos is set to host the World Economic Forum Annual Meeting yet again with a host of global leaders expected to deliberate over the Ukraine crisis, climate change and a host of other issues.