The Economic Times

World's second-richest country is offering Rs 50 lakh to every parent: Here's who is eligible and why

Singapore is rolling out a new child-support package worth up to S$70,000 (around Rs 50 lakh) for eligible Singaporean children, with support spread from birth until age 17. The package includes cash payments, Child Credits, savings account grants and education support, as the country tries to address its record-low birth rate.