Ntoitha M'mithiaru

All parliamentary appearances

Entries 111 to 120 of 352.

• 19 Apr 2012 in National Assembly: Mr. Temporary Deputy Chairman, Sir, the effect is the same. view
• 19 Apr 2012 in National Assembly: Mr. Temporary Deputy Chairman, Sir, since my Chairman has already talked with the Minister and they have seen that the effect will be the same, the Minister is to move the amendment. view
• 19 Apr 2012 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I am proposing that we amend the proposed amendment to Clause 14. The amendment is basically to correct part (b) of the amendment to paragraph 5, which should now read “by deleting the expression “five percent” – which should be substituted with “ten per cent” – appearing in sub-paragraph (f)(i) and substituting therefor the expression “ten per cent” – which I am now revising to read “five per cent”. The effect of this will be the same. We are basically reducing the Withholding Tax for professionals from 10 per cent to five per cent. We ... view
• 19 Apr 2012 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- view
• 19 Apr 2012 in National Assembly: THAT, the Bill be amended by inserting the following new clause immediately after Clause 19- view
• 19 Apr 2012 in National Assembly: Mr. Temporary Deputy Chairman, Sir, the import of this amendment is really to improve on the revenue collection because the Kenya Revenue Authority (KRA) will be connected online to this GPRS. view
• 19 Apr 2012 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I think the way this clause is being crafted is like it is redefining the banking business. From the Banking Act, they define that the banking business includes--- Then, now they enumerate what the bank does. So, it does not include that one. The same Banking Act includes what they call prohibited business, that is, what banks cannot do. So, by bringing this one here, it is not adding any value at all in this particular respect. More so, the Mover has talked about M-Pesa service. It is like bringing in that one to be ... view
• 6 Mar 2012 in National Assembly: Mr. Speaker, Sir, I stand to second this Motion. From the outset, I would like to thank the House for the privilege of nominating me to this Committee. Mr. Speaker, Sir, it is the CBK and the banking system that are now in question. We know that one of the roles of the CBK is formulation and implementation of the monetary policy. This is aimed at ensuring that we achieve stable prices within the Kenyan economy and also maintaining and sustaining a stable value in the shilling. In order for the CBK to go around these roles, it has a ... view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, it is not an offence, it is not breaking any law, it is not against any regulation to borrow from the discount window. However, the banks are in the business, so when they saw that the rates were cheaper, it was only reasonable that they take that route. It is out of that that we see the discount window activity in 2010, the volume or what we call turnover was Kshs11 billion. If you take the discount window turnover; I am not referring to loss, I am referring to the turnover because of the period. When ... view
• 6 Mar 2012 in National Assembly: Mr. Deputy Speaker, Sir, I am properly versed in this area, so really I am not trying to gabble around with figures. What I said is that the discount window rate must be punitive as the last resort. I said that from June 2011 that is when the discount window by design started now being lower than what obtains in the market. I gave examples of some two rates that I have quoted for August and November. I thank the hon. Member for at least telling me what I know already. However, I was almost on my concluding remarks when ... view