Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- Panel Nod To KD 65 Child Allowance  Join our daily free Newsletter

MENAFN - Arab Times - 31/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) The Cooperative Societies Union (CSU) should not specify the prices of goods as this is tantamount to intrusion in the jurisdiction of the Ministry of Commerce and Industry, says MP Nabil Al- Fadel



Al-Fadel made the statement when he presented a draft bill on the non-interference of the union in the functions of the ministry, particularly in specifying the prices of goods. He asserted the third paragraph of Article 29 of law number 24/1979 on cooperative societies and CSU stipulates the right of the union to provide economic, financial or social support to all cooperative societies that belong to it



He claimed the union took advantage of this right and interfered in the jurisdiction of the ministry when it set the prices of some goods and services as detailed in law number 10/1979 on the supervision of trading goods and setting prices in accordance with revised law number 45/1980 to amend Article 15 of law number 10/1979. He lamented this led to many problems related to the prices of goods and services, wondering why the prices of goods in several supermarkets are cheaper than those in cooperative societies which are fully supported by the State. He argued the ministry is the competent authority and a decree issued on Jan 7, 1979 mandates it to regulate internal and external aspects of business activities, as well as provide the needs of the State and citizens; while ensuring that goods and services are made available to consumers at reasonable prices. He went on to say his proposal is in line with Article 20 which states the national economy shall be based on social justice since it is founded on fair cooperation between public and private activities; and the goals are economic development, increase of productivity, improvement of the standard of living, and prosperity for all citizens within the limits of the law. He also cited Article 23 which stipulates the State shall encourage cooperative activities and savings, in addition to supervising the credit system



Role

He suggested the role of cooperative societies, represented by their union, should be limited to serving the members, providing them with goods and services, monitoring problems like the shortage of goods and services or high prices, and presenting proposals to the ministry. He said the ministry will then forward the proposals to the concerned authorities like the Committee for Pricing of Goods and Services in accordance with Article Three of law number 24/1967 and Article Six of law number 10/1979. Furthermore, the Financial and Economic Committee has approved the proposal to increase the children allowance for families with seven children by KD 65 at a total cost of KD 83 million as one-time payment. Rapporteur of the committee MP Mohammed Al- Jabri explained the panel found this has the least cost among all the proposals presented by lawmakers. He said those exempted from the increment are those receiving financial assistance from the Public Institution for Social Security and other government bodies. He added the committee discovered the proposed KD 75 increase for families with five children has the highest cost at KD 127 million. He called on the government to extend a hand of cooperation to push for the approval of the bill, indicating the committee reached this decision because the citizens need the increment to cope with the rising cost of living. He asserted the committee has waited long for the government's alternative to the proposals but it did not present anything and insisted on rejecting the proposed increment. He revealed the panel has informed the government that it is ready to cooperate and discuss any alternative, but the executive authority has failed to do so; thereby, prompting the committee to approve the KD 65 increment. On a related issue, MP Mansour Al- Dhufairi has called on his colleagues to discuss the report of the Financial and Economic Affairs Committee about the proposed children allowance increment on Tuesday, emphasizing the government has been given enough time to study this proposal. He said the MPs must finalize this issue on Tuesday and not give the government any chance to further delay the process. He added the financial excuse is unacceptable due to the soaring cost of providing for the needs of childre



Unemployment

Meanwhile, the Legal and Legislative Committee approved the proposed amendment to law number 101/2013 on the insurance against unemployment and another bill on the establishment of Higher Council for Assessment and Follow-up of Government Performance, while it rejected the proposed amendments to the Cooperative Societies Law. Committee Rapporteur MP Abdul- Kareem Al-Kandari disclosed the proposed revision of the Unemployment Insurance Law aims to cover the legislative shortage in some cases where an employee is forced to resign. He also confirmed approval of the proposal to establish the Higher Council for Assessment and Follow-up of Government Performance. He added the committee rejected five bills on the amendment of Cooperative Societies Law, particularly the revision of the mechanism for voting members of the board of directors of cooperative societies. He revealed the committee also discussed draft bills on controlling weapons and ammunition, as well as criminalizing the possession of knives and sharp objects. He said the committee decided not to take any step until it hears the views of the government on the issue



In the meantime, Chairman of the Public Utilities Committee MP Adel Al- Kharafi said they approved 90 percent of 28 proposals tackled on Sunday. He revealed the committee postponed deliberations on draft bills concerning the livestock, veterinary authority and animal welfare until the next meeting to invite the concerned officials from Kuwait Municipality, Public Authority for Agriculture Affairs and Fish Resources, Environment Public Authority and Ministry of Health, to listen to their views on these two bills. On the establishment of the National Disaster Center, Al-Kharafi said the committee also agreed to wait for completion of the livestock and animal welfare bills before discussing this proposal

 






  MENA News Headlines
 Aug 22 2014 - Scottsdale Accident Lawyer Weighs in on Child Sports InjuryMENAFN Press
(MENAFN Press) Scottsdale Accident LawyerWith at least 20 million children involved in organized sports activities injuries are very likely to occur. What legal options do parents have in cases of ...

 Aug 22 2014 - The bac rac Outstanding Innovation in Back Pain Relief raises 15k on KickstarterMENAFN Press
(MENAFN Press) bac rac the outstanding innovation in back pain relief has successfully raised 100% of its funding target in just over 2 weeks on Kickstarter the crowd funding website.bac rac has ...

 Aug 22 2014 - San Diego Segway Tours by Wheel Fun Rentals Offers 50% Discount to End the Summer SeasonMENAFN Press
(MENAFN Press) To celebrate the end of a wonderful summer season and the start of a new school year San Diego Segway Tours by Wheel Fun Rentals is offering a 50 percent off coupon to anyone who ...

 Aug 22 2014 - Ortho Back-Up Launches a New Episode on their Weekly Tips to Prevent Back PainMENAFN Press
(MENAFN Press) Ortho Back-Up has launched a new episode on their Weekly Tips to Prevent Back Pain. The upcoming 6th episode is entitled Stretches for Your Back. This new episode is sure to give ...

 Aug 22 2014 - MrQuickPick Launches RideShare Partner ProgramMENAFN Press
(MENAFN Press) MrQuickPick the multiple award winning national car unlocking service has announced the commencement of their Partner Program that enables qualified Lyft and Uber drivers to offer ...

 Aug 22 2014 - Saudi - Agriculture sector advances 1.3Arab News
(MENAFN - Arab News) The Saudi stock market continued its positive movement and managed a fourth straight rise on Wednesday accumulating more than 56 points.The Tadawul All-Share Index (TASI) set out ...

 Aug 22 2014 - 20 Most Popular Family Cruise ShipsConsumer Reviews Reveal Most Popular Cruise ShipsMENAFN Press
(MENAFN Press) Built in 2009 the Oasis of the Seas and her sister ship the Allure of the Seas are the largest cruise ships afloat. At a cost of $1.4 billion apiece these floating palaces weigh about ...

 Aug 22 2014 - Hollande: France armed Syrian rebels 'a few months ago'Arab News
(MENAFN - Arab News) SAINT-PIERRE France: President Francois Hollande said on Thursday that France had delivered weapons to rebels battling the Syrian regime of Bashar Assad 'a few months ago.'The ...

 Aug 22 2014 - Europeans in push for new UN resolution on GazaArab News
(MENAFN - Arab News) UNITED NATIONS: Britain France and Germany have put forward key points of a new UN Security Council resolution on Gaza in a fresh bid to end six weeks of violence diplomats said ...

 Aug 22 2014 - Saudi - Woman kicked fined for trying to enter giraffe penArab News
(MENAFN - Arab News) MILWAUKEE: A California woman who got kicked in the face after trying to climb into the giraffe exhibit at a Madison zoo has paid a fine and apologized.Police say 24-year-old ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help