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Apart from meeting a host of prominent world leaders, Prime Minister Modi attended the Russia-India-China (RIC) Informal summit, the first such meeting since the 2006 RIC summit held in Saint Petersburg, and addressed the BRICS (Brazil, Russia, India, China, and South Africa) Leaders' Informal Meeting earlier today.’s birth rate has fallen to half of what it was only six decades ago, Bloomberg reports, leading analysts to worry that a dwindling population will not only reduce the labor force, but place greater financial burdens on youths to take care of the costly health care needs of their rapidly aging parents and grandparents.Many felt a mixture of discomfort and surprise at the power they’d gained by moving from a white-majority society to a white-minority society. In a country like India, their whiteness set them apart.It also gave them an exponential social and economic advantage.Last year, Japan recorded only 1.03 million births -- and the country may lose one-third of its current population of 127 million by 2060, said the National Institute of Population and Social Security Research.Consider what Japan’s future demographic crisis will do to the metropolis of Tokyo -- a municipal government report warned that the population of the capital city will be cut by half over the next 90 years."Now is the last chance to take action on this problem," said Masanao Ozaki, the governor of Kochi prefecture about 500 miles west of Tokyo."I'm deeply concerned as to whether young workers in the future will be able to take on such a huge burden." Since the money earmarked for the birth rate program will last only one year, local officials want a longer-term commitment by the government to get a handle on demographic trends that have been building for decades. As in the Western countries, Japanese people are marrying later in their lives (if at all) and younger women are putting off marriage and children in pursuit of their careers.
The Prime Minister is on a three-day trip to Argentina to attend the ongoing G20 summit, an international forum bringing together the 20 leading and emerging economies of the world to discuss key global economic issues.Read more The disrupted workplace presents a new opportunity for the HR function: to become a strategic partner to the CEO in influencing and executing business strategy. Read more Permanent establishment (PE) means having a taxable presence outside your company’s state of residence.Tax authorities are adapting beyond the “bricks and mortar” definition, identifying PEs caused by overseas contractors, short-term business travelers, warehouse space, digital activity and more.In India, one factor stands out far above the rest.Almost every single white man from a “developed” country whom I interviewed candidly explained the positive effect his white skin had on his migration experience.