GET /api/v0.1/hansard/entries/579043/?format=api
HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept
{
"id": 579043,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/579043/?format=api",
"text_counter": 124,
"type": "speech",
"speaker_name": "Hon. Gaicuhie",
"speaker_title": "",
"speaker": {
"id": 17,
"legal_name": "Nelson Ributhi Gaichuhie",
"slug": "nelson-gaichuhie"
},
"content": "hand drive car and you are required to purchase a vehicle that is of the same year of manufacture, it is something that we need to amend, so that somebody can buy the latest model. I also support the proposal that once you have land and you partner with a developer, you do not have to pay Stamp Duty because you will become a partner. Those are the few good things that are in the Bill. The requirement for increase of the capital base of the banks is something we have left open for anybody to comes with amendments, because we do not think the economy is developing in double digits. If there are amendments which can be supported, the Departmental Committee on Finance is ready to take them up. I also support the proposal that the insurance companies should keep total assets that are not less than the admitted liabilities. This is because we have seen very many insurance companies going under when they had a small capital asset base and their liabilities were more. I also support the proposal that any investment that the insurance companies make should be according to the investment guidelines. This is because some insurance companies invest in areas where the investment is liquid and they are not able to meet their liabilities. These liabilities make them go under and make people suffer losses. The Road Maintenance Levy, which has been increased by Kshs3 to expand our roads, is also a good proposal because infrastructure in this country is something that should be taken care of. Since I have seen very many Members interested in contributing, I second. Thank you, hon. Speaker."
}