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Funds misuse costs Nairobi Sh500m yearly in grants


Funds misuse costs Nairobi Sh500m yearly in grants
Summary
Nairobi County continues to miss on at least Sh500 million in conditional grants every financial year due to misappropriation and disregarding conditions set for such funds.
Nairobi County Assembly Budget and Appropriations Committee chairperson Robert Mbatia said City Hall is losing 60 percent of what they are supposed to get as grants on flimsy reasons.
Mr Mbatia said the county government has missed on Sh500 million annual health grant for 500-bed capacity hospitals since 2014, translating to Sh3.5 billion.
Friday July 23 2021
By COLLINS OMULO
Summary
Nairobi County continues to miss on at least Sh500 million in conditional grants every financial year due to misappropriation and disregarding conditions set for such funds. ....

Rift Valley , Kariobangi South , Nairobi Area , Robert Mbatia , Peter Warutere , Evans Kidero , Mike Sonko , Mama Lucy Kibaki , Nairobi County Assembly Health , Nairobi County Assembly Budget , Central Bank , Appropriations Committee , Maintenance Levy Fund , County Assembly Budget , City Hall , Pumwani Maternity , Mama Lucy , Road Maintenance Levy , Level Five , Special Purpose Account , பிளவு பள்ளத்தாக்கு , நைரோபி பரப்பளவு , நைரோபி கவுண்டி சட்டசபை பட்ஜெட் , மைய வங்கி , பராமரிப்பு வசூல் செய்தல் நிதி , கவுண்டி சட்டசபை பட்ஜெட் ,

Kenya to pay oil marketing firms for not increasing April fuel prices


The East African
Monday May 10 2021
A vessel offloads fuel at Kipevu Oil terminus within the port of Mombasa. Importation of super petrol, diesel and kerosene into Kenya is undertaken through the Open Tender System. PHOTO | NMG
Summary
Under the agreed plan, the oil marketers will be compensated based on the value of cargo volumes factored in the pricing formula for the April-May pump prices computation, with the refund rate being equivalent to the margin reduction per litre per product for pump prices in Nairobi for the period April 15 to May 14.
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Kenya’s Ministry of Petroleum and Mining has agreed on a plan to compensate disgruntled oil marketing companies (OMCs) for the lower profit margins they made in April by not increasing pump prices. ....

Nairobi Area , Andrew Kamau , Daniel Kiptoo , Ministry Of Petroleum , Kenya Ministry Of Petroleum , Petroleum Regulatory Authority , National Treasury , Railway Development Levy , Petroleum Development Levy , Mining Ministry Principal , Open Tender System , Principal Secretary , Mining Andrew Kamau , Mining Ministry Principal Secretary Andrew Kamau , Road Maintenance Levy , Anti Adulteration Levy , Merchant Shipping Levy , Import Declaration , Senate Standing Committee , நைரோபி பரப்பளவு , ஆண்ட்ரூ கமாவு , அமைச்சகம் ஆஃப் பெட்ரோலியம் , கேந்ய அமைச்சகம் ஆஃப் பெட்ரோலியம் , பெட்ரோலியம் ஒழுங்குமுறை அதிகாரம் , தேசிய கருவூலம் , ரயில்வே வளர்ச்சி வசூல் செய்தல் ,

Sh100,000 fine for every false entry in tax returns


Sh100,000 fine for every false entry in tax returns
Wednesday May 05 2021
Summary
The penalties if approved by Parliament will take effect from July 1 and come at a time millions of taxpayers are racing to file their tax returns ahead of the June 30 deadline.
More than 4.4 million taxpayers filed their returns in the year to June 2020 and the KRA has had targeted 5.5 million for the period ending June.
The amendments also propose a Sh1 million fine for financial institutions, including banks, insurance and investment firms, that the KRA relies on for records on tax compliance.
Individuals filling tax returns face a Sh100, 000 for each false or incomplete information presented to the Kenya Revenue Authority (KRA) as the State intensifies the fight against dodgers. ....

Kenya Civil Aviation Authority , Petroleum Development Fund , Kenya Revenue Authority , High Court , Finance Bill , Kenya Power , Road Maintenance Levy , கேந்ய சிவில் விமான போக்குவரத்து அதிகாரம் , பெட்ரோலியம் வளர்ச்சி நிதி , கேந்ய வருவாய் அதிகாரம் , உயர் நீதிமன்றம் , நிதி ர சி து , கேந்ய பவர் , சாலை பராமரிப்பு வசூல் செய்தல் ,