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Childbirths in South Korea hit another low in January: Report

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Seoul, March 27 (IANS) The number of babies born in South Korea fell to a record low for any January this year, data showed on Wednesday, deepening woes about the country’s demographic picture due to rapid ageing and ultra-low birth rate.

A total of 21,442 babies were born in January 2024, down 7.7 per cent from a year earlier, according to the data compiled by Statistics Korea. It marked the lowest figure for any January since the statistics agency began compiling related data in 1981, Yonhap news agency reported.

The decline has also accelerated in recent years from a 1 per cent on-year fall in January 2022 and a 5.7 per cent decline in January 2023.

In January 2000, newborns stayed over 60,000 but fell below 50,000 in 2002 before sliding further to the 30,000 level in 2016.

The report said the January figure has hovered around the 20,000 level since 2020.

In terms of monthly readings, it marked the first time since March 2023 that the number of newborn babies rose to the 20,000 level, and the country usually logs a larger number of newborns in January, according to the agency.

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South Korea is experiencing grim demographic changes, as many young people opt to postpone or give up on getting married or having babies in line with changing social norms and lifestyles, as well as facing high home prices, a tough job market, and an economic slowdown.

Last year, the number of babies born in the country dropped 7.7 percent on-year to an all-time low of 229,970, the report said.

The total fertility rate, the average number of expected births from a woman in her lifetime, also hit a record yearly low of 0.72, which came far below the 2.1 births per woman needed to maintain a stable population without immigration.

In the fourth quarter of last year alone, the rate came to 0.65, the lowest-ever quarterly figure.

The number of deaths inched down 0.5 per cent on-year to 32,490 in January this year, the report said.

The population, accordingly, declined by 11,047, the sharpest fall for any January ever. The number of deaths has outpaced that of newborns since November 2019.

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The number of couples getting married rose 11.6 per cent on-year to 28,000, the data also showed, as more couples tied the knot after delaying marriage during the earlier stages of the Covid-19 pandemic.

The number of couples getting divorced climbed 9.5 per cent on-year to 691, according to the data.

South Korea is expected to be a highly aged country by 2072 as the median age will increase from 44.9 in 2022 to 63.4 in 2072, and the population will tumble to around 36.22 million in 2072 from last year’s 51 million.

–IANS

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PM Modi congratulates Keir Starmer, discusses India-UK FTA

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New Delhi, July 6 (IANS) Prime Minister Narendra Modi on Saturday extended an invitation to newly-elected British Prime Minister Keir Starmer for an early visit to India as both leaders agreed to work towards the early conclusion of a mutually beneficial India-UK Free Trade Agreement (FTA).

The two leaders spoke over phone as PM Modi congratulated Starmer on his and Labour Party’s “remarkable victory” in the general elections.

“Pleased to speak with Keir Starmer. Congratulated him on being elected as the Prime Minister of the UK. We remain committed to deepening Comprehensive Strategic Partnership and robust India-UK economic ties for the progress and prosperity of our peoples and global good,” PM Modi posted on X after the call.

Both leaders recalled the historic relations between the two countries and reaffirmed their commitment to further deepen and advance the Comprehensive Strategic Partnership between India and the UK.

“Appreciating the positive contributions of the Indian community in the social, economic, and political development of the UK. The two sides agreed to continue to promote close people-to-people ties. Both leaders agreed to remain in touch,” the Prime Minister’s Office (PMO) said in a statement.

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–IANS

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Labour govt will reconnect Britain, promises new UK Foreign Secretary

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London, July 6 (IANS) Asserting that “diplomacy matters”, Britain’s new Foreign Secretary David Lammy said on Saturday that the new Labour government will begin with a “reset” with Europe on climate and with the global South.

Outlining his priorities following his appointment, Lammy highlighted that the world is currently facing “huge challenges” with more countries engaged in conflict than at any time since World War II.

“This government will reconnect Britain for our security and prosperity at home. What happens here in the Foreign, Commonwealth, and Development Office is essential.

“Diplomacy matters. We will begin with a reset with Europe, on climate, and with the global South.  And a gear-shift when it comes to delivering on European security, global security, and British growth,” Lammy said in a statement released by the UK Foreign Ministry on Saturday.

The 51-year-old Labour Party politician promised that the new government is determined to deliver for working people and committed to building a better future for everyone.

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“It is the honour of my life to stand before you as Foreign Secretary. A descendant of enslaved people. A black, working-class, man from Tottenham. A community which never produced a Foreign Secretary before. This speaks to what a modern, multicultural Britain can be. Proudly internationalist,” he said.

Lammy also mentioned that Britain has “enormous potential” and that the change has begun now – a slogan with which the Keir Starmer-led party fought the general elections.

–IANS

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Pak's macroeconomic environment was challenging in 2023: Central bank

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Islamabad, July 6 (IANS) Pakistan’s macroeconomic environment in the calendar year 2023 remained challenging amid rising inflation, weak foreign exchange inflows, pressures on external account and local currency, and low business confidence, particularly in the first half, the State Bank of Pakistan (SBP) said.

However, the policy measures and regulatory interventions that were taken to address growing imbalances coupled with securing a nine-month stand-by agreement from the International Monetary Fund (IMF) helped improve the macroeconomic conditions in the second half of 2023, the SBP said in its financial stability review for 2023, Xinhua news agency reported.

Inflation started falling, economic growth recovered, and the exchange rate stabilised towards the year-end, the central bank said in the report.

Against this backdrop, the financial sector exhibited strong growth and performance, and maintained financial soundness and operational resilience, it added.

The asset base of the financial sector expanded by 27 per cent in 2023, mainly driven by the banking sector, according to the report.

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–IANS

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Flood alert for Pakistan provinces as monsoon season begins

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Islamabad, July 6 (IANS) Pakistan’s National Disaster Management Authority (NDMA) has issued a warning about the potential for flash floods and urban flooding due to the ongoing torrential rain, marking the beginning of the monsoon season in various parts of the country.

The National Emergency Operation Centre of the NDMA anticipates that the ongoing rain may cause flash floods in local streams of Islamabad, parts of east Punjab, and northwest Khyber Pakhtunkhwa provinces, the authority said in a statement, Xinhua news agency reported.

The torrential rain may also cause urban flooding in several districts of the two provinces, including their densely populated capital cities, the statement added.

The NDMA also advised provincial disaster management authorities and local administrations to closely monitor the situation and take appropriate measures to safeguard the at-risk population, the statement read.

The NDMA also urged citizens to download its mobile application for disaster alerts, which provides notifications, guidelines, and precautionary measures to address urban flooding in their areas so they can stay alert and informed.

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–IANS

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Record 26 Indian-origin MPs set to enter UK Parliament

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New Delhi, July 6 (IANS) A record number of 26 Indian-origin MPs are set to enter the UK Parliament after Friday’s General Election results, marking a significant increase from 15, five years ago.

Conservative Party leader Rishi Sunak, the first Indian-origin person to have served as the UK Prime Minister, leads the pack after having secured victory from Richmond and Northallerton constituency in Yorkshire.

Apart from Sunak, 25 other Indian-origin MPs — including 20 from the Labour Party and five Conservatives — also emerged victorious on Friday.

Priti Patel, Conservative MP of Gujarati descent, won from Witham, Essex. Patel, who has served in various capacities, including Secretary of State for International Development, has been representing the constituency since 2010.

Gagan Mohindra, a prominent politician from a Punjabi Hindu background, secured his seat in South West Hertfordshire. Mohindra has been a Conservative MP since 2019, following his initial election as a Parish Councillor in 2004.

Labour Party leader Seema Malhotra retained her Feltham and Heston constituency for a fourth term since 2011. Malhotra has held several shadow ministerial roles, including Shadow Minister for Skills and Further Education.

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Valerie Vaz, Labour leader of Goan origin, won the Walsall and Bloxwich constituency for the fifth time. Vaz, who has been an MP since 2010, has served as the Shadow Leader of the House of Commons.

Lisa Nandy retained her seat in Wigan, making her the constituency’s first female MP and one of the first Asian female MPs since 2010. She has served as the Shadow Cabinet Minister for International Development.

Nadia Whittome, who made history in 2019 as the UK’s youngest MP at the age of 23, was re-elected from Nottingham East.

Preet Kaur Gill, the UK’s first female Sikh MP, defeated Conservative Ashvir Sangha in Birmingham, a seat she has held since 2017. Gill has served as the Shadow Minister for Primary Care and Public Health.

Labour Party’s Tanmanjeet Singh Dhesi retained his Slough constituency, although with a reduced victory margin.

Conservative leader Shivani Raja won the Leicester East constituency, where she was fielded against another Indian-origin Labour candidate, Rajesh Agrawal.

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44-year-old Conservative MP Suella Braverman, who was embroiled in controversies and dismissed by the party for her statements, won from the Fareham and Waterlooville constituency for the fourth consecutive time.

Additionally, other Indian-origin Labour MPs to be elected to the UK’s House of Parliament include Navendu Mishra, Jas Athwal, Baggy Shanker, Satvir Kaur, Harpreet Uppal, Warinder Juss, Gurinder Josan, Kanishka Narayan, Sonia Kumar, Sureena Brackenbridge, Kirith Entwistle, Jeevun Sandher, Sojan Joseph and Murina Wilson.

–IANS

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