Labour Ministry to Implement Measures to Increase Productivity

first_imgMinister of Labour and Social Security, Hon. Derrick Kellier, says the Ministry, in partnership with the Jamaica Productivity Centre (JPC), will be implementing a number of initiatives throughout the year to increase productivity levels. Among those initiatives, he said, is the enlisting of a Japanese productivity expert, Tatsuo Kuraishi, who will be working closely with the JPC over the next few months. Mr. Kellier added that the Ministry will also launch a vigorous public education campaign to inculcate and entrench a national productivity-conscious culture, as a core value among Jamaicans. The Minister was addressing journalists at a press briefing, held at the Ministry’s North Street offices in downtown Kingston, on February 6. “We strongly believe that Jamaica is in urgent need of a productivity revolution and the government of Jamaica, and more importantly, this Ministry, is committed to bringing about this revolution,” Mr. Kellier emphasized. The Minister said there are also plans to facilitate the building of productivity-driven public and private sector organisations to provide research and measurement data to inform evidence-based advocacy for productivity friendly policies. He informed that increased productivity in Jamaica will lead to several positive outcomes, including: stable wages arising from highly productive jobs; the local and international competitiveness of indigenous firms and industries; greater market share for Jamaican products and services; and the generation of larger numbers of decent jobs that will enhance the living standards of Jamaican workers. “We recognise that the Jamaican economy has been characterised by negative productivity growth over the past 35 years, and this is a dangerous trend,” Mr. Kellier pointed out. He said between 2002 and 2011, labour productivity in Jamaica declined on average by 3.2 per cent annually. In this period, only three sectors of the Jamaican economy recorded positive growth in labour productivity – hotels and restaurants; agriculture, hunting, forestry and fishing; and construction and installation. Meanwhile, Executive Director at the JPC, Dr. Charles Douglas, said an important part of reversing the decline in labour productivity levels in Jamaica lies in changing the mindset among some Jamaicans. “We have a culture of ‘presenteeism’, where people are present but their minds are somewhere else, and we need to change that,” he said. According to the JPC, productivity is the single most important factor that determines a country’s competitiveness, as well as the standard of living of its people. The JPC is the national productivity organisation with the mission of raising the productivity levels of firms, industries and sectors, and by extension, facilitating the improvement of Jamaica’s national productivity.last_img read more

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Court extends ED custody of Ratul Puri by 4 days in bank

first_imgNew Delhi: A Delhi court Friday extended by four days the custodial interrogation of Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, by the Enforcement Directorate in the money laundering case related to a bank loan fraud.Special judge Sanjay Garg passed the order on the ED’s plea. ED had arrested Puri on August 20 in the money laundering case arising out of the bank loan fraud case. The court had on August 26 extended Puri’s ED custody by four days. There is another money laundering case connected with the AgustaWestland VVIP chopper scam in which the Delhi High Court had earlier dismissed his anticipatory bail plea, saying his custodial interrogation was “required for an effective investigation”. Puri was arrested under the Prevention of Money Laundering Act (PMLA) in the bank fraud case after he appeared before the central probe agency here in the chopper scam after it had slapped a fresh criminal case against him and others, taking cognisance of a CBI FIR. The latest PMLA case emerged from a CBI FIR of August 17, where Ratul Puri, his father Deepak Puri, mother Nita (Nath’s sister) and others were booked in connection with a Rs 354 crore bank fraud case filed by the Central Bank of India. The CBI had carried out multiple searches in pursuance of this FIR. The Puri family, other individuals like Sanjay Jain and Vineet Sharma were booked by the CBI for alleged criminal conspiracy, cheating, forgery and corruption. Ratul Puri was booked in this case in his capacity as executive director of Moser Baer India Limited (MBIL), a firm promoted by his father Deepak Puri. The company is manufactured optical storage media like compact discs, DVDs, solid state storage devices. Ratul Puri had resigned from the post of executive director in 2012, while his parents continue to be on the board, the bank had said in a statement and compliant to the CBI.last_img read more

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