Singapore to provide financial aid to would-be parents during COVID-19 pandemic

While dressing parliament on Monday, October 5 Singapore’s Deputy Prime Minister Heng Swee Keat stated that government would be providing would-be parents with a one-time payment in an effort to help m during COVID-19 pandemic. As per feedback that Singapore’s government has received from people, some couples that were planning to have kids h been forced to hold off on ir plans to negative impacts of virus and refore this one-time payment is to provide m with support.

Financial aid for Singapore's would-be parents

During his dress, Deputy Prime Minister did t divulge any details of plan such as how much cash incentive will be provided or when but stated that relevant details will be anunced at a later date. This proposed support will be in dition to financial support of $7,000 in benefits alrey provided to eligible parents. As per government data, Singapore has one of lowest birthrates in world and negative ecomic repercussions of COVID-19 like pay cuts and lay-off will only furr hurt its fertility rate.

Child Mortality rates in developing countries to Increase

World Bank has projected that due to COVID-19 pandemic child mortality can go up by nearly 45 per cent in developing countries. World Bank President David Malpass has stated that “Our early estimates suggest a potential increase of up to 45 per cent in child mortality because of health service shortfalls and reduction in access to food”.

Re: Singapore To Start 'cruise To where'; All About Leisure Travel Opportunity Amid COVID-19

Re: Gandhi Jayanti: Indian High Commissioner To Singapore Pays Tribute To 'Bapu'

ongoing pandemic is also likely to negatively impact education sector because due to COVID restrictions almost 2 billion children across globe have been out of school and se could potentially amount to a loss of $10 trillion in lifetime earnings.

COVID-19 pandemic which saw its first outbreak in a wet market in Wuhan, China last year has w spre all across world. virus, named COVID-19 by World Health Organisation, has infected over 35 million people worldwide with global death toll crossing 1,000,000. US has reported more than 7.5 million positive COVID-19 cases and a death toll of over 210,000.

(Im: Pixabay)

Re: Singapore To Pioneer Use Of Facial Verification Tech For National Identification Scheme

Re: COVID-19 Could Increase Child Mortality Rate By 45% In Developing Countries: World Bank