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Time of India
2 days ago
- Business
- Time of India
Flying longer
Times of India's Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of the day. Flexibility in retirement age is the way forward, India or West Air India pilots will retire at 65, bringing parity between two merged entities – Tatas' Vistara, and GOI's Air India that the Tatas bought. But it's not parity alone, there's also a shortage of commercial pilots. So, it's a timely and rational decision. Globally, the world of work is going through a pivotal moment as longevity, declining fertility and manpower shortage are coming together to impact workforce composition and pension systems. The set of reasons driving the leaving-work conversation may be different, but the answer, in India as well, lies in raising the age, given capacity and ability of healthy older workers, and the necessity of easing pension burden. Over half the developed nations are raising retirement age – average age within OECD countries will soon be 66. Germany last Sept incentivised later retirement to balance worker shortage and pension burden. Spain too incentivises postponing retirement – putting it off by a year from the legal age, increases pension by 4%. Incentives increase with each year of postponement, with exemptions for those with more than 38 years and 6 months of worklife. Japan and Singapore re-employ post-retirement, hours and pay negotiated between employee and employer. In India, it has long been argued, wrongly, that pushing back retirement chokes career pathways for large populations of younger cohorts. The truth is, it is a stymied job market and lack of opportunity that's the chokehold on youth aspirations. State govt after state govt has increased the retirement age of teachers and medical practitioners, because of a shortage of resources. India Inc is doing it regularly. Veterans bring expertise, experience, ability and stability. A large section of urban India lives well past 80, but are benched between 58 and 60 in fit working condition. Economic Survey 2018-2019 noted a higher retirement age was crucial for the viability of pension system, 'perhaps inevitable'. The way forward is for retirement age to have as much flexibility as the young would have with workhours, working conditions and workspaces. Facebook Twitter Linkedin Email This piece appeared as an editorial opinion in the print edition of The Times of India.
News18
22-04-2025
- Automotive
- News18
From Tata Harrier EV to Electric Kia Carens, Check Top Cars Launching In Next Two Months
Last Updated: In this detailed article, we have created a list, mentioning the top upcoming launches that might level up the competition in the next two months. The automobile industry has been on a boom for the last few years in terms of sales, a big thanks to the latest offering and multiple choices given by the company in multiple segments. Now, the top brands are gearing up to add new products in the Indian market. The launches for the same are expected to take place somewhere in the next two months. In this detailed article, we have created a list, mentioning the top upcoming launches that might level up the competition pretty soon. Scroll down till the end to know all the future products. Tata Harrier EV The list has been topped by the Tatas' much-awaited model electric Harrier. The EV has already been spotted multiple times during the testing phase, hinting that the launch is just around the corner. The company has not revealed any official launch-related dates yet. However, some rumours say it might hit the market in the next two months. 2925 Kia Carens and Electric Version After rulling the market with the outgoing version, Kia is all set to add a fresh yet improved avatar of Carens in the country. Again, the launch date is not confirmed yet. But, it has been reported that the updated version might arrive somewhere between May or June this year. Once released, the company might introduce the electrified version of the same, and it will be based on the updated Carens. MG Cyberster The comapny has already begun the booking of the most affordable convertible electric sports car, Cyberster. The production model is likely to become part of the fleet by next month. MG M9 In a move to rival the all-new Kia Carnival, which was released at a price tag of Rs 63.91 lakh (ex-showroom), MG is set to launch its tech-loaded M9. It is likely to be released somewhere in the next two months. First Published:
