first_img His comment comes against the background of the government’s impending decision on Goat Island Finance and Planning Minister, Dr. the Hon. Peter Phillips, says the government has to balance the necessity for projects that will advance Jamaica’s economic growth, with the need to safeguard the country’s environment.His comment comes against the background of the government’s impending decision on Goat Island, currently being pursued for port facilities development as part of the global logistics hub, and concerns being voiced locally about the possible environmental effects.Speaking recently, at the first of two major economic reform programme (ERP) stakeholders’ conferences at the Jamaica Conference Centre, downtown Kingston, Dr. Phillips, underscored that development of the logistics hub initiative presents Jamaica with one of the most “important opportunities” to advance economic growth.Against this background, he said the prospect for Chinese investment in the initiative is highly probable, stressing that “we should do our utmost to secure (this) while, of course, protecting other national interests.”“We have to find the balance between the developmental imperatives of the country and protecting the environment. We are a fragile small island ecology. We will have to do all we can to protect the environment without going to the extreme of saying, then, (that) because the environment is so fragile, we will have no growth at all,” the Finance Minister argued.He pointed out that the issue is not unique to Jamaica, citing a similar scenario in Ecuador whose government, he explained, had to take decisions recently regarding oil mining activities in that South American country’s environmentally protected regions. Additionally, he said the United States faced a similar issue in relation to Alaskan oil pipelines being channeled through their environmentally protected areas, as also Russia, in as regards oil production in Siberia’s protected areas.“All of these countries have sought to find ways to both have strong economic development and to protect the environment. We will have to make the same type of decision,” the Finance Minister added.The conference, held under the theme: ‘Jamaica’s Economic Programme – Going for Growth, Staying the Course’, is the first of two scheduled to provide updates on the ERP being implemented as a condition of the US$932.3 million four-year Extended Fund Facility (EFF), which the administration negotiated with the International Monetary Fund (IMF).It was attended by a wide cross section of representatives from private and public sector agencies and entities, and community organisations, in parishes spanning the counties of Middlesex and Surrey.A similar forum is scheduled for parishes in western Jamaica, on a date to be scheduled. The prospect for Chinese investment in the initiative is highly probable The logistics hub initiative presents Jamaica with one of the most “important opportunities” to advance economic growth Story Highlightslast_img read more

first_imgNew Delhi: Congress leader Priyanka Gandhi Vadra on Friday alleged that the Modi government was “shattering” people’s trust in LIC by investing the state-run insurance firm’s money in loss-making companies. Taking to Twitter, she also tagged a media report which claimed that LIC has suffered losses of Rs 57,000 crore in just two and a half months. “LIC is another name for trust in India. Common people invest their hard earned money in LIC for future security, but the BJP government is investing LIC money in loss-making companies, shattering their trust,” Priyanka Gandhi said in a tweet in Hindi. Also Read – 2019 most peaceful festive season for J&K: Jitendra Singh “What kind of a policy is this that has become only a loss-making policy?” she said. The Congress on Wednesday had accused the government of “sacrificing” public money by investing in loss-making public sector units and said it was using the LIC as an instrument to meet its ends. Senior Congress spokesperson Ajay Maken had cited an RBI report and claimed that the Life Insurance Corporation of India (LIC) has doubled its investment in “risky” public sector undertakings in the last five years from Rs 11.94 lakh crore to Rs 22.64 lakh crore.last_img read more

first_imgNEW DELHI: Chief Minister Arvind Kejriwal on Tuesday said that the water crisis in Delhi was over and claimed that the production was back to normal in the city, a day after the Delhi Jal Board (B) stopped operations at Chandrawal and Wazirabad Water Treatment Plants due to high ammonia levels in the Yamuna. Kejriwal, who is also the DJB Chairman, tweeted: “Crisis over. Water production back to normal.” In another tweet, he congratulated the team at DJB “for handling the water crisis very well yesterday”. “With two water plants shut, it was a big crisis. However, DJB team’s efforts helped reduce its impact.” Also Read – More good air days in Delhi due to Centre’s steps: JavadekarOn Monday, Kejriwal said that the DJB had stopped operations at Chandrawal and Wazirabad Water Treatment Plants due to high ammonia levels in the Yamuna. “High ammonia levels due to industrial waste being dumped into the Yamuna at Panipat has forced Chandrawal and Wazirabad Water Treatment Plants to stop operations. Haryana government has assured Delhi that they will release additional water soon to dilute the presence of ammonia,” Kejriwal tweeted.last_img read more