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Birth rates halve in richer countries as costs weigh, OECD report says

by AIP Online Bureau | Jun 22, 2024 | Eco/Invest/Demography, International News, Policy

Particularly low total fertility rates were measured in Korea, at 0.7 and Italy and Spain, each with 1.2 children per woman. The highest were in Israel on 2.9, followed by Mexico and France, each with 1.8.The average age of women giving birth rose from 28.6 in 2000 to...

EPFO adds highest-ever members in April since 2018

by AIP Online Bureau | Jun 22, 2024 | Data, Eco/Invest/Demography, Pension & Social Security

The share of women in the new members stood around 2.49 lakh out of total of 8.87 lakh new members, indicating a broader shift towards a more inclusive and diverse workforce. An increase of 31.29 per cent has been registered in net member addition during April as...

Atal Pension Yojana adds record 12.2 million new members in 2023-24

by AIP Online Bureau | Jun 22, 2024 | Data, Eco/Invest/Demography, Pension & Social Security

The government pension scheme achieved a growth of 24 per cent in gross enrolments at the end of FY 23-24 standing at 64.4 million. APY is rapidly gaining popularity among women and youth. In FY24, out of the total enrolments, 52 per cent were women and out of the...

India mulls income tax cuts in Budget as part of $6 billion consumer boost

by AIP Online Bureau | Jun 22, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life

Officials in the Ministry of Finance have discussed proposals to reduce taxes for consumers with the highest propensity to spend, the people said, asking not to be identified because the talks are private Prime Minister Narendra Modi’s government is considering...
Industry urges action in Red Sea to stop attacks on merchant shipping by Houthis

Industry urges action in Red Sea to stop attacks on merchant shipping by Houthis

by AIP Online Bureau | Jun 21, 2024 | International News, Non-Life, Reinsurance, Risk Management

Insurance industry sources said on Wednesday there was also mounting concern over the use of attack drone boats by the Houthis Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen’s Houthis, leading industry groups said on...
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