Robinson Njeru Githae

All parliamentary appearances

Entries 1391 to 1400 of 2672.

• 19 Apr 2012 in National Assembly: 5A. Section 10 of the Income Tax Act is amended- view
• 19 Apr 2012 in National Assembly: (a) in paragraph (c), by inserting the words “and deemed interest” immediately after the word “interest”; (b) by inserting the following new paragraph immediately after paragraph (f) - view
• 19 Apr 2012 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, the Bill be amended by inserting the following new clause immediately after Clause 7- view
• 19 Apr 2012 in National Assembly: Mr. Temporary Deputy Chairman, Sir, it is not very clear what really is the intention of this proposed amendment. If the intention is to include M-Pesa as banking business, then we must oppose it. If the intention is to include foreign exchange bureaus as banking businesses, then we must oppose it. This is because this is now really expanding the definition of banking business. In any case, the definition of banking is not exclusive, but inclusive. So, really, we do not have an idea what the purpose of this amendment is, unless he tells us. view
• 19 Apr 2012 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I oppose. view
• 19 Apr 2012 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I would beg that you listen to me because what you are going to do is going to have a very bad effect on this country, and I will give the reasons. One, if you pass this amendment, this is what you are saying. One, what you are going to do is to distort the market. What you are going to have are black markets. You are going to have parallel markets as it happened in 1980s when we tried to control interest rates. You are aware when the CBK controlled the interest rates from ... view
• 19 Apr 2012 in National Assembly: Secondly, already - and I want to be very sincere and frank - we have got commitments with the World Bank and the International Monetary Fund (IMF) and one of the conditions we had agreed is that we will maintain a liberalized economy as far as the interest rates regime is concerned. If we pass this amendment, dear colleagues, what you are saying--- You are giving those banks the ability to recall our loan, which is more than Kshs400 billion, and which we do not have now. Therefore, we are going to default. Our kitty rating is going to go ... view
• 19 Apr 2012 in National Assembly: Secondly, already we have a limit. Already, we have a credit limit of Kshs200 billion. What you are saying is that, that extended new credit limit is going to be terminated. Therefore, if that happens, you can forget what you have passed in the Supplementary Budget today. There will be no roads. There will no dams. There will be no water projects. There will be no hospitals. So, we must know that if we pass this amendment that would be the effect. view
• 19 Apr 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I need time. view
• 19 Apr 2012 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I need time. I plead for more because it is important. What we are going to do is going to make or break this country. We must be very clear in our minds about what we are going to do. I want to say that the Executive does not support this because it knows the consequences. The other consequence would be this: The very people we are trying to protect, the lower income groups, the middle class, I can tell you, if you have ceilings on interest rates, they are going to be eased out ... view