Abdul Rahim Dawood

All parliamentary appearances

Entries 101 to 110 of 773.

• 18 Aug 2021 in National Assembly: In case a bank is bankrupt, it means all that money will go and they will just be given Kshs500,000. That is why I have said they should be given Kshs1million. In South Africa, where they have a similar rule, they give a minimum of Kshs625,000. In the Republic of Ireland, they give 100,000 Euros as deposit protection. It has changed from 30,000 Euros from 1990 and to date it is 100,000 Euros. We as a country passed this in 1989 where we were giving Kshs100,000. However, it was changed a year back when we revised the regulations and said ... view
• 18 Aug 2021 in National Assembly: Two years back, during the liquidation of Chase Bank, the CBK, together with Dr. Njoroge with the KDIC, approved a payment of Kshs1million for the depositors. That figure, which was approved by the CBK, was not picked out of nowhere. They knew that was what was current then. The value of Kshs100,000 that was deposited in 1990 would be more than Kshs1 million at today’s rate. view
• 18 Aug 2021 in National Assembly: So, changing the Regulations to increase the amount from Kshs100,000 to Kshs500,000 is acceptable. That is a Regulation which can be changed at any time. So, once we put this in place, we will have more than Kshs4.5 trillion of deposits, which will ensure a saving culture. In the end The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view
• 18 Aug 2021 in National Assembly: we will have more people saving and doing more business. This will mean more money and the Kenya Revenue Authority (KRA) will collect more revenue. I believe if we do this, we are on a golden path. view
• 18 Aug 2021 in National Assembly: The other issue we need to tackle in this country is with regard to bank failures. It takes so long for people to be paid their deposits. Chase Bank took nearly two years. So, I have put it in this Bill the maximum amount of time at six months. I am really surprised by the Departmental Committee on Finance and National Planning. When I presented this Bill to them, I was very optimistic because the whole Committee supported it. view
• 18 Aug 2021 in National Assembly: I am sorry, Hon. Temporary Deputy Speaker. When I presented this Bill to the Departmental Committee on Finance and National Planning, where I used to be a Member until late last year, they were very enthusiastic about it. They even made more suggestions and said they would bring them to the House. Unfortunately, I have seen their Report saying that this will not be a good thing. The reasons given are very shallow in the sense that they just took the word of the KDIC CEO, Mr. Mahmud, whom I have nothing against. He said that this will create a ... view
• 7 Jul 2021 in National Assembly: Thank you, Hon. Speaker. I support the first petition by Hon. Mwaura. I associate with what Hon. Sankok said regarding the less fortunate of society. We had a sitting volleyball tournament for the disabled in Meru last week. There are some sporting disciplines in this country that are not supported by the Sports Fund. I want to agree that when the petition gets to the Committee, they should even look at funding for those other sporting activities and not just funding the big games which are played by the rich people. There are many other games. There is even a ... view
• 1 Jul 2021 in National Assembly: Thank you, Hon. Speaker. I want to support this Bill. Hon. Maore Maoka was here. He has just stepped out. He should be back in a few minutes. I want to congratulate the Mover of the Bill, Hon. Millie. However, I have a few issues with it. I will mention them in due course. This Bill is very important for this country because we need a licensing authority which will put in place how the assisted or test tube babies are made in this country. We are very far behind. This country has not had a proper law guiding this ... view
• 1 Jul 2021 in National Assembly: surrogate mother gives the baby to the rightful parents. There are health complications involved. So, when we say they are not going to be compensated, it is completely wrong and should be left between the person who is doing surrogacy and the people getting it. This Bill talks about storage. It says that the embryo can only be stored for a maximum of ten years. How many years can sperms and gametes be stored? It has not been mentioned in this Bill. It only says that the embryo can be stored for a maximum of ten years. There are times ... view
• 1 Jul 2021 in National Assembly: Hon. Speaker, there is one provision which talks about a minor; that it is possible to get from a minor under 18 years. I do not agree with that and this is because the age of maturity is 18 years. A minor should not be put into this kind of situation whatever the case because you are thinking about the future. The future is when they will get to maturity. Additionally, there is another thing in this Bill regarding a dead person. I do not know when you are dead, how you can get it? I just do not know. ... view