Why does surface tension of water-ethanol binary mixture decrease with increasing concentration of ethanol? I was thinking that it must be due to weaker hydrogen bonding in ethanol than in water. But then I learnt that Raman Spectroscopy and viscosity measurements
suggest that upto a certain ethanol concentration, there would be an increase in hydrogen
bonding with increase in ethanol concentration.
Why, then, does the surface tension decrease monotonously with increasing concentration of ethanol in water-ethanol binary mixture?
 A: Let me first admit this is a guess on my part, and if it is obviously factually wrong to you, then I will delete this answer as incorrect and my apologies.
Have you considered the effects of the modification of other forces, apart from hydrogen bonding,  on surface tension? In particular that the introduction of ethanol may reduce the Van den Waal's force more than the increased hydrogen bonding enhances it (if indeed it does, please see the second paragraph)?
Van Der Waal's Forces

All intermolecular/van der Waals forces are anisotropic (except those between two noble gas atoms), which means that they depend on the relative orientation of the molecules. The induction and dispersion interactions are always attractive, irrespective of orientation, but the electrostatic interaction changes sign upon rotation of the molecules. That is, the electrostatic force can be attractive or repulsive, depending on the mutual orientation of the molecules. When molecules are in thermal motion, as they are in the gas and liquid phase, the electrostatic force is averaged out to a large extent, because the molecules thermally rotate and thus probe both repulsive and attractive parts of the electrostatic force. Sometimes this effect is expressed by the statement that "random thermal motion around room temperature can usually overcome or disrupt them" (which refers to the electrostatic component of the van der Waals force). Clearly, the thermal averaging effect is much less pronounced for the attractive induction and dispersion forces.

Alcohol and Water

Water has a high surface tension because it is strongly attracted to itself. However, if you add alcohol, instead of water interacting only with other water molecules, it now interacts (less strongly) with alcohol, and the surface tension of the mixture will be lower.

Unfortunately, this source does not go into further explanatory details, esp. regarding the hydrogen bonding aspect.
A video that might support this statement above, regarding the surface tension of an alcohol and water mixture, can be seen at Alcohol & Water Surface Tension, although it deals with the liquids separately, not mixed together.
How does surface tension relate to viscosity?

To begin with, liquid surface tension and viscosity share a common trait: they both involve properties of fluids. After that, things start to get murky.
  Let us start with surface tension. This relates to the property of a liquid’s surface that resists force; it serves as a barrier to foreign materials as well as keeping the liquid together. This ever-present property is caused by unbalanced forces on surface molecules that pull toward the main part of the liquid.
Viscosity, on the other hand, is related to a liquid’s resistance to being deformed or moved. This is caused by the friction between molecules.
Compared to viscosity, surface tension is a simpler phenomenon. It is basically stable, changed mostly by temperature and chemicals that modify the bonding characteristics of the molecules. As temperature decreases, surface tension increases. The effects of adding an unrelated substance is illustrated by the example of putting soap (a surfactant) in water to reduce the surface tension, which allows the dirt on your hands to more easily mix with the water.
Regarding viscosity, knowing the type of liquid is essential. Newtonian fluids that react to forces (sometimes called shear rate) that move the liquid (sometimes called shear stress) in a straight-forward, linear manner.
  Finding the true value of viscosity [which some of us may think of as simply thickness] is a complex process. Viscosity, unlike surface tension [which tends to be a static phenomenon], is all about movement. 
  Regarding the correlation between surface tension and viscosity. You might think that thick fluids would translate to a high surface tension and that thin fluids would produce lower surface tension. Not true. In fact, my research has shown that there is no conclusive correlation. This got into a lot more theoretical entanglement than I expected when I first considered taking on what seemed like a simple comparison. The answer, however, is clear: no correlation.

A: The hydrogen bonding increases with increase in the concentration of ethanol up to a certain ethanol concentration. But as the ethanol molecules come to the surface, the hydrophobic ethyl group forms cluster and hence reduces the contact with the water. This presence of ethanol molecules at the surface results in the lower value of surface tension and thereby the monotonous decrease of surface tension with increase in ethanol concentration can be justified. We expect a kink in surface tension vs concentration graph at the concentration where the hydrogen bonding is maximum. But it is not observed however it can be seen by plotting a graph between the slope of surface tension and ethanol concentration.
