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29/12/2012
MPs draft fresh plan on interest write-off
KUWAIT: Even as the parliamentary finance committee began two-month long sessions to study the proposals pertaining to the raging issue of bank loans and write off of interests, a number of MPs are preparing a proposal to write off interest of the loans and place the matter on a priorities list, sources said. The sources added that this can be achieved after an agreement with the government to solve the issue during this parliamentary session itself. MP Nasser Al-Meri said he presented the proposal to solve the problem with an intention to do justice to both debtors and non debtors.
He said if the present problem is not solved, it will hold up the much-needed economic growth. He said the proposal guarantees justice once the problem is solved. It relies on scientific basis through payment of an Amiri grant for each citizen from which state’s dues are deducted such as electricity, water and other dues.
Then the rest will be given to the citizen. He said it is necessary to drop interest rates on consumer and commercial loans so that development can go ahead. He said the government is requested to cooperate with the assembly with regards to these proposals that deal with the living condition of the Kuwaiti family in addition to the economic development of the country. Meanwhile, the Parliamentary Finance Committee discussed a proposal to amend the law 6/2008 in regards to transforming Kuwait Airways into a shareholding company. Committee Chairman Dr Yousuf Al-Zalzalah said a meeting was held with KAC Chairman Sami Al-Nisf, a representative of Kuwait Investment Authority, Engineers and Pilots Society and KAC union to discuss the issue of privatizing KAC and decided to postpone the vote until a meeting is held with the communications minister.
Chairman of Foreign Committee MP Saleh Ashour said the committee approved several agreements and were sent to the assembly including an agreement between Kuwait and Iraq to organize marine navigation in Khour Abdallah. Chairman of Human Rights Committee asked the official and other human rights groups to cooperate with the committee to ensure the success of its mission in sorting out the outstanding issues. He said the first meeting will be with the Chairman of the Central Department dealing with illegal residents and hoped that the department will cooperate with the committee to speed up the naturalization of bedoons who deserve citizenships.
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MPs draft fresh plan on interest write-off
KUWAIT: Even as the parliamentary finance committee began two-month long sessions to study the proposals pertaining to the raging issue of bank loans and write off of interests, a number of MPs are preparing a proposal to write off interest of the loans and place the matter on a priorities list, sources said. The sources added that this can be achieved after an agreement with the government to solve the issue during this parliamentary session itself. MP Nasser Al-Meri said he presented the proposal to solve the problem with an intention to do justice to both debtors and non debtors.
He said if the present problem is not solved, it will hold up the much-needed economic growth. He said the proposal guarantees justice once the problem is solved. It relies on scientific basis through payment of an Amiri grant for each citizen from which state’s dues are deducted such as electricity, water and other dues.
Then the rest will be given to the citizen. He said it is necessary to drop interest rates on consumer and commercial loans so that development can go ahead. He said the government is requested to cooperate with the assembly with regards to these proposals that deal with the living condition of the Kuwaiti family in addition to the economic development of the country. Meanwhile, the Parliamentary Finance Committee discussed a proposal to amend the law 6/2008 in regards to transforming Kuwait Airways into a shareholding company. Committee Chairman Dr Yousuf Al-Zalzalah said a meeting was held with KAC Chairman Sami Al-Nisf, a representative of Kuwait Investment Authority, Engineers and Pilots Society and KAC union to discuss the issue of privatizing KAC and decided to postpone the vote until a meeting is held with the communications minister.
Chairman of Foreign Committee MP Saleh Ashour said the committee approved several agreements and were sent to the assembly including an agreement between Kuwait and Iraq to organize marine navigation in Khour Abdallah. Chairman of Human Rights Committee asked the official and other human rights groups to cooperate with the committee to ensure the success of its mission in sorting out the outstanding issues. He said the first meeting will be with the Chairman of the Central Department dealing with illegal residents and hoped that the department will cooperate with the committee to speed up the naturalization of bedoons who deserve citizenships.
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