Water consumers urged to report illegal connections Aug 21, 2009
He said the numerous leakages that had confronted the water distribution system were caused by illegal connections. "Some of the plumbers who are contracted to do the illegal connections are not so good at the job and they end up diverting the water to wrong areas thereby leading to burst pipes and leakages." He said AVRL was preparing a leakage survey team who would be identifying leakages in the water distribution system and solving them. (Ghana Web, Ghana)
Two NHIS providers suspended for malfeasance Aug 19, 2009
The NHIS boss noted that the activities of the two hospitals constituted serious financial leakages on the scheme that should be stopped and noted that though the hospitals appealed against the decisions, a review upheld the NHIS findings. The Amasaman District hospital also paid GH14,260 from petty cash in many instances as two months allowances for 23 national service persons representing GH 620. (Ghana Web, Ghana)
Auditors unearth several irregularities in two Assemblies Aug 18, 2009
He said a study done on some Assemblies in the country revealed that little amounts of money could not be accounted for, which he referred to as "leakages," adding that, the cumulative amount of such leakages all over the country would be a large amount of money that can be used to benefit the entire nation. The workshop was meant to sensitize the participants on good Financial Management and to provide an independent opinion from the various agencies whose units the reports identified as areas... (Ghana Web, Ghana)
Finance Minister inaugurates revenue agencies board Aug 18, 2009
Leakages in the administration of taxes must be sealed once and for all. " Dr Duffuor urged the board to speed up their efforts in the enforcement the code of conduct and training on integrity issues for staff to improve service delivery and also minimize corruption related acts. Mr. Kwesi assured the minister of the commitment of members to the tasked ahead. The release said today (August 17) marked the inauguration of the fourth Board of Directors of the Revenue Agencies Governing Board (RAGB)... (Ghana Web, Ghana)
EnerNOC Returns 260% on Fees From Turning Down Lights in 2009's Power Grid Aug 14, 2009
Utilities will have sensors on transmission lines to spot and reduce leakages. Software and data management programs will help utilities accommodate hundreds of thousands of electric cars that may hit the roads in the next decade. (Bloomberg -- US)
Public Accounts Committee to begin public hearing Aug 10, 2009
He called for more support for the Audit Service to enable it block areas of leakages and expose irregularities. Mr Kabral Blay-Amihere, former Ambassador to Ivory Coast, who spoke on the media, parliament and public sector accountability, urged the media to be objective in its reportage during the public hearing, which would lay bare how some institutions performed during a set time. (Ghana Web, Ghana)
Government approves more lottery games Jul 29, 2009
The latest move to offer a jackpot element in the 4D game is a signal that the government remains serious in reducing the leakages to illegal operators, OSK said, noting that illegal operators were unable to offer jackpots where the roll-over sum was typically too high for an illegal operator to match. Gaming and corporate taxes are estimated to amount to more than RM1. (The Star Online, Malaysia -- Business)
A blow for tax reform Jul 25, 2009
Efficient tax design does call for plugging revenue leakages and better targeting of incentives, which is precisely what the investment-linked criteria proposes to do. It needs to extended to other sectors. (India Times)
Zimbabwe: Consortium Opens U.S.$500 000 Plant Jul 13, 2009
"Further enhancing the effectiveness of Elsie is the alignment of the cell membranes on the pad which are aligned in one direction ensuring that there are no leakages," he said. Be the first to. (allAfrica.com)
PM confident India can sustain 8-9% growth Jul 12, 2009
"But this is a long and arduous journey and our challenge is to take full advantage of the instrumentalities which are now now in place for inclusive growth to plug loopholes, to reduce leakages and to ensure that these instruments become more effective instruments of social and economic change, accelerated growth, more inclusive development and more emphasis on rural development and agriculture.". Sing said it was a continuation of the journey they undertook for five years with renewed... (India Times, India -- Intl Business)
PMO to monitor progress of schemes Jul 10, 2009
81 crore rural households that registered under the scheme, only 22 lakh households a mere 6% got 100 days of legally guaranteed employment; project completion rate in National Highways fell from 81% in 2004-05 to 17% in 2007-2008; the 11th Plan had set a target of adding 90,700 mw of power and yet in its first seven quarters, a mere 10,877 mw was added; and leakages continued unabated and unchecked in PDS.. In her address to the joint session of Parliament, President Pratibha Patil s... (India Times)
SUBVERSE: The big bore Jul 8, 2009
If flagship schemes got "beeg" money, we weren't told how well it would be administered, without leakages and all. Not much movement on individual taxes, but we must extract the positives. (India Times, India)
Valley man has an edge in World Series of Poker Jul 5, 2009
The book also addresses something called non-verbal leakage, and it s not talking about bed-wetting in poker parlance those leakages are tells, and everyone watches for them like a hawk. As John noted, I m a researcher in persuasion, and part of persuasion is deception. (Logan Herald Journal, UT)
Comment: Ghosts In The Machine Jul 3, 2009
"There are large errors of exclusion and inclusion and ghost cards are common," the Planning Commission says, adding that "leakages" are common ^ higher than 75 per cent in Bihar and Punjab. During 2003-04, it estimates that eight million tonnes of foodgrains out of 14 million allotted to BPL families never reached them. (India Times, India)
EDIT: A Reform Roadmap Jul 3, 2009
However, the problems of unmet targets, unutilised funds and leakages must be addressed. Infrastructure needs a big push, with penalties against time and cost overruns. (India Times, India)
One little mercy - FKP didn't tumble all the way Jun 30, 2009
IT WAS always going to happen, given the steep discount offered on its 2. 3 for 1 rights issue to shareholders, but yesterday's 28 per cent fall in the share price of FKP still made for an unpleasant experience for the property group. (Sydney Morning Herald -- Business)
Women face different challenges in retirement planning Jun 27, 2009
These financial leakages can be due to people, crises, circumstances, events, mistakes or actions that are unpredictable or beyond comprehension. Some of it can happen to woman or man such as unexpected job loss or business failures, accidents, unfriendly divorces, having children with disabilities, sudden death of spouses, mental or health illnesses, ageing parents, natural disasters or simply having a streak of bad luck. (The Star Online, Malaysia -- Business)
Yet another ID for citizens Jun 27, 2009
Conceptually, it should enable improved targeting of subsidies and even allow shifting to a system of direct cash transfers to the needy, thereby cutting through the bureaucracy and reducing leakages. The government proposes to issue a card ultimately to every citizen of the country with details of his financial, educational and health-related information. (India Times)
Bank Negara to keep overnight policy rate unchanged May 30, 2009
But Ramon emphasises that the Government s massive stimulus packages can only have their full effects on the country s economy if they are implemented without leakages of any kind. Associate economist at Moody s Economy. (The Star Online, Malaysia -- Business)
Pure Salmon Campaign Calls on Marine Harvest to Reform Environmental Performance May 26, 2009
"While massive escapes often make headline news, the daily, unreported leakages from open net salmon farms can be equally devastating to the surrounding marine ecosystem," said Alex Munoz, vice president of Oceana Chile. "Aquaculture companies, including Marine Harvest, have done little to address this growing environmental threat. The industry needs to adopt better technology to dramatically reduce the number of escapes before it's too late.". (PR Newswire)
Agona West MCE to establish educational fund May 26, 2009
On Revenue mobilization by the Assembly, Mr Obeng-Forson said a taskforce would be formed to check leakages and others loopholes in the collection of the revenue to support the Assembly's Common Fund. He said for the assembly to get rid of filth in the Municipality, sanitary inspectors would be sensitized to effectively deal with the sanitation problem. (Ghana Web, Ghana)
Improve efficacy of spending May 22, 2009
Commonplace leakages must be plugged. Some of that can be addressed if transfers can be made directly to the beneficiaries account in a bank or post office. (India Times)
Kauai Currency (227) May 18, 2009
They help to keep money local, build community connection, and incentivize business development in places where there are dollar leakages. Paul Glover states, We printed our own money because we watched federal dollars come to town, shake a few hands, then leave to buy rainforest lumber and fight wars. (Lihue Garden Island, HA)
Bongo DCE unveil plans for development May 17, 2009
Bongo, May 16, GNA - The District Chief Executive (DCE) of the Bongo District in the Upper East Region, Mr Clement Akugre Atia has assured that he would strengthen and increase the revenue base in the District and also block leakages within the sector. Speaking to the Ghana News Agency in an interview in Bongo after his confirmation as DCE for the District Mr Atia said there were a lot of areas in the District that could be exploited to increase the revenue base, citing the district's sharing of... (Ghana Web, Ghana)
Weathering the hot spell May 17, 2009
In relation to this, consumers are advised to use water prudently and to report any burst pipe or leakages to respective state water operators so prompt action can be taken. Such action will help us and water operators not to release water from our dam unnecessarily, says the official. (The Star Online, Malaysia -- News)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with Kuwait May 14, 2009
A number of Directors, however, noted the authorities concerns regarding a fiscal stimulus, including Kuwait s limited absorptive capacity, uncertainty regarding future oil prices, and the possible limited effectiveness of a stimulus due to significant leakages through remittances and imports. Directors saw a continued need for medium-term fiscal reform aimed at reducing dependence on oil revenue and rationalizing fiscal spending. (IMF News)
Nigeria: Oil Prices Rise Above $60 Per Barrel May 13, 2009
"We have to navigate through these difficulties and look at various ways to generate additional revenues, plug leakages, ensure greater efficiency in spending, and looking forward, how we can diversify our economy.". The finance minister said he would also hold talks with officials from the ADB in Dakar this week during the lender's annual meeting. (allAfrica.com)
Nigeria: Govt Discusses New Fuel Price May 11, 2009
The committee, headed by Bauchi State Governor Isa Yuguda, is seeking to knock off N8 per litre from the template price because of "identified leakages". It also emerged that the government has taken measures to address identified hiccups in the operations of the downstream sector by raising the approval limits of the Group Managing Director of the Nigerian National Petroleum Corpo-ration (NNPC) to $20 million. (allAfrica.com)
Slow and steady rise to the top May 3, 2009
This, he says, would lead to an effective circular flow of money, generating growth for Malaysia as leakages would be minimised. When things are done accordingly, people would find it easy because there is no need for name-dropping. (The Star Online, Malaysia)
Nigeria: Govt Panel Seeks Economic Stimulus Apr 20, 2009
In its first action, the Presidential Steering Commit-tee had recommended the introduction of full deregulation of the country's downstream petroleum sector as a means of stabilising fuel supply and checking financial leakages associated with operations of subsidy within the sector. In recommending the creation of the N75 billion stimulus package, the source said the committee members were of the opinion that it would help to take care of losses arising from the slump of the stock market which... (allAfrica.com)
Heroin chemical on AI flight Apr 18, 2009
The leakages hinted at alleged involvement of manufacturers as the individual annual requirement of a majority of pharmaceutical companies within India is much below the quantity seized by agencies. The UN Office on Drugs and Crime is currently running Operation Tarcet to target smuggling of precursor chemicals into Afghanistan which supplies more than 90% of the world's heroin and is considered as a source of funding for terrorists. (India Times, India)
Auditing of MMDCEs crucial for decentralisation Apr 17, 2009
"I urge all staff of the Audit Service to be upright and support government in plugging revenue leakages at all collection points." He said government was prepared to address genuine concerns of the Service, adding "I urge the Auditor-General to make the necessary contacts at the appropriate offices to set the dialogue in motion." Dr Duffuor said saving money for government as well as unearthing irregularities was important. "If reports of irregularities can be acted upon promptly and... (Ghana Web, Ghana)
Nigeria: Senate Blames Food Insecurity on Neglect Apr 2, 2009
He expressed dismay by the leakages and waste discovered by the committee during the inspection. He said: "The Senate Ad-hoc Committee was constituted last year by the Senate to investigate and proffer solutions to the food crisis in the country in spite of the huge investments in the agricultural sector. To give an appropriate report, we needed to go round the federation, after receiving several Memoranda from stakeholders from across the country". (allAfrica.com)
Not so bright a scenario Apr 2, 2009
Its plain that open-ended subsidies and huge revenue leakages on the part of power utilities have wrought havoc in the sector ... Specifically, whats warranted is the routine publication of quarterly results of power utilities, and a road-map to stem leakages in distribution and supply. (India Times)
Briefing: Trade and globalisation Mar 27, 2009
Next, an agreement on co-ordinating fiscal policy would go a long way towards making such a standstill commitment credible, because it would alleviate worries about leakages abroad. Finally, empowering the WTO to name those who break the standstill would help to underpin it. (The Economist)
New company emerges to boost tax collection Mar 24, 2009
He observed that every worker who strives to block all revenue leakages, lead a modest life and cultivate the culture of saving is bound to enjoy a good pension. Mr Ayisi, who gave a lecture on Investment, noted that most Ghanaians spend money on useless things. (Ghana Web, Ghana)
Nigeria: Watch Banks Closely, Former Minister Warns Mar 17, 2009
"We are looking to stabilise the situation and plug leakages and loopholes that have been exploited," Mansur Muhtar said. "The Central Bank is trying to boost the level of confidence. Over time we would expect to see relaxation of these measures.". (allAfrica.com)
Economic council lists ways to tackle meltdown Mar 16, 2009
The conference noted "that the government should eliminate inefficiencies, corruption, leakages and rent-seeking activities, especially in the downstream petroleum sector; that domestic resource mobilisation should be enhanced by expanding the non-oil sector, ensuring that revenue generating MDAs fully declare earnings, and undertaking positive reforms in the Customs service and ports; that the productive sector, (agriculture, gas, solid minerals etc.) should be diversified; and that there... (Guardian News, Nigeria)
More power in the offing Mar 12, 2009
Notice the runaway revenue leakages in power distribution, which seem to grow from bad to worse. So while increased power equipment capacity is a must for competitively meeting the huge investment backlog, it is clearly not sufficient. (India Times)
Mini budget will benefit both large and small firms Mar 11, 2009
A high proportion of the funds (allocation for projects) are lost through leakages because the contracts are not put out through open tenders and this will affect output and efficiency, he added. To help the motor vehicle sector, where sales are slowing and the supply chain is facing difficulties, the Government will increase its allocation for the Automotive Development Fund by RM200mil. (The Star Online, Malaysia)
Governors back oil sector's deregulation Mar 11, 2009
Against the backdrop of the deteriorating financial condition, Ohakim said the governors had agreed that the funds accruing to the excess crude account should be shared by the Federal Government "to enable the state governments meet their obligations to the electorate to restore growth, avoid leakages, negative spillovers and support emerging challenges that will arise from the financial meltdown.". Ohakim said while the governors understood the critical importance of resolving the court case... (Guardian News, Nigeria)
Nigeria: The Reality of Forex Controls [editorial] Mar 9, 2009
It said the move was in a bid to avoid leakages and abuses in the utilisation of foreign exchange. Before this directive, oil companies sold foreign exchange to banks to meet their financial obligations through a bid auction on monthly basis. (allAfrica.com)
Presidency Probes More Agencies Mar 8, 2009
"Everyone knows what happens in our country when you create such incentives for leakages," he said. "Yet these are some of the costs that are passed to government and which are paid as subsidy. "And in what has unfortunately become an oligopolistic market, any delay in payment is usually met with threats of fuel scarcity with all the attendant security implications. (Guardian News, Nigeria)
Africa: Eliminate Corruption for Better Governance, African Govts Told Mar 5, 2009
Lagos African Governments and institutions have been called upon to eliminate waste, corruption and leakages as part of a commitment to enthrone better economic governance and management among member nations. These measures, if adopted, would reflect transparency, probity and accountability in public expenditure on the continent, stakeholders have declared. (allAfrica.com)
Govt unfolds plans against economic crisis Feb 27, 2009
There have been substantial leakages to other countries in relations to these things and in that context basically, the conclusion was that the present arrangement, in relation to the present supply, marketing and pricing regime itself that has been characterised by inefficiency is clearly unsustainable. At the moment there is a reality we have to face, we have not made any budgetary provisions for subsidising these inefficiencies in the system. (Guardian News, Nigeria)
Govt asked to pass Fiscal Responsibility Law Feb 24, 2009
For instance he said the tax base should be increased by roping in the informal sector and adequately resourcing revenue collection agencies to minimize leakages within the sector. He called for access to quality education and health care, as well as income redistribution such as enhanced form of Livelihood Empowerment Against Poverty (LEAP) programme to reduce the inequality gap between the rich and the poor. (Ghana Web, Ghana)
E-payment here to stay, govt insists Feb 20, 2009
"The attitude of President Umaru Musa Yar'Adua has been that prevention is better than cure and that explains why emphasis has been on mechanism to ensure that corruption is nipped in the bud from the roots rather than glamorise it after the deed had been done...Mark this resolve of the president in his words: 'All areas of leakages in the system will be blocked so that resources can be properly channelled for development.'". A source in the AGF's office disclosed mid-week: "There is a serious... (Guardian News, Nigeria)
Householders face above inflation increases in water bills Feb 18, 2009
Twenty million people's daily needs could be supplied by the water wasted through leakages. Sixteen billion litres of water a day are supplied to domestic and commercial users in the UK.. (Telegraph.co.uk)
Govt goes after tax evaders, sets up special tribunals Feb 13, 2009
" Muhktar said: "There must be a collective drive to eliminate tax evasion from our tax system, as tax evasion constitutes one of the most serious leakages in the attainment of government's fiscal objectives. . (Guardian News, Nigeria)
Appointment Committee vets more Ministerial nominees Feb 11, 2009
He said without the computerization of these agencies, it would be difficult to stamp out corrupt practices and stop the leakages in revenue mobilization for national development. Responding to questions from Committee members on the fourth day of vetting, Dr Duffuor said wages' growth should not be allowed to overtake revenue growth because the Government might find itself having to borrow to even pay the wages of workers. (Ghana Web, Ghana)
