SME Times is powered by   
Search News
Just in:   • India’s GDP growth to remain steady at 6.5 pc, another RBI rate cut likely this fiscal  • GST reforms to increase demand for automobiles, ancillary industries to benefit  • Oracle’s Larry Ellison becomes world’s richest person, surpasses Elon Musk  • Extend ITR, audit deadlines due to portal glitches, compliance overload: Tax associations  • GST rate rejig shows promise of more access, growth in Indian pharma market 
Last updated: 18 Jan, 2025  

fiji.jpg Fiji govt introduces measure to reduce dependency on foreign labour

fiji.jpg
   Top Stories
» India’s GDP growth to remain steady at 6.5 pc, another RBI rate cut likely this fiscal
» Extend ITR, audit deadlines due to portal glitches, compliance overload: Tax associations
» Centre to help automobile industry expand markets, strengthen supply chains
» Stock market opens higher, auto stocks lead rally over GST booster
» GST 2.0: What gets cheaper and costlier from Sep 22
IANS | 18 Jan, 2025

The Fijian government has implemented a series of strategic measures to build local capacity and reduce dependence on foreign labour, the Pacific island country's Deputy Prime Minister and Minister of Finance Biman Prasad said.

He made the remark in response to queries about the outflow of remittances by foreign workers in Fiji to their family members abroad, the Fiji Broadcasting Corporation reported on Friday.

Prasad said the outflow of remittances by foreign workers sending money to their families back home was a common and expected global trend but pointed out that Fiji faced unique challenges due to a substantial imbalance between the money flowing out and what the country received through remittances. To address this economic challenge, he said the government had implemented a series of strategic measures to build resilience and reduce dependency on foreign labour.

According to the Deputy Prime Minister, a cornerstone of this approach was a renewed focus on education, training and workforce development.

One key initiative has been the reform of the Tertiary Education Loans Scheme, which resulted in the government writing off 650 million Fijian dollars (around $279 million) in student debt, relieving 53,000 families of financial stress.

In tandem with debt forgiveness, the government has increased its investment in scholarships, particularly in technical fields, the report said.

Scholarship recipients are required to serve the country after completing their studies, a move designed to ensure that public funds invested in education deliver tangible benefits for Fiji.

Prasad said the government's efforts to align education and training programs with labour market needs were also the way to go.

He said this strategy aims to build a skilled workforce capable of addressing critical gaps in sectors vital to Fiji's growth, Xinhua news agency reported.

This strategy aims to build a skilled workforce capable of addressing critical gaps in sectors vital to Fiji’s growth, he added.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹84.00
₹82.25
UK Pound
₹104.65
₹108.10
Euro
₹92.50
₹89.35
Japanese Yen ₹56.10 ₹54.40
As on 25 Jul, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter