government
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MRC Finds Faults With Gov’t Divestiture Plans
EghtesadOnline: I n a report appraising government plans to divest its shares in state-run companies, the Majlis Research Center says it needs more in-depth studies and the plan should be suspended,…
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Gov’t to Launch Divestiture Scheme May 3
EghtesadOnline: The Ministry of Economy announced a timeframe to launch the first phase of a divestiture scheme based on which government will sell its stakes in state-affiliated companies.
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Gold Market to Reopen Today
EghtesadOnline: Iran’s gold market will reopen on Monday following a month-long hiatus due to restrictions ordered by the government on almost all businesses to impede spread of the coronavirus.
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Coronavirus Aid for 3m Poor Households Today
EghtesadOnline: The government will deposit the second round of its coronavirus aid into the bank accounts of the head of three million low-income families on Saturday.
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Iran Allocates $305m to Support Those Who Have Lost Jobs Amid Coronavirus Outbreak
EghtesadOnline: The government will allocate 50,000 billion rials ($305 million) to Unemployment Insurance Fund to support those who have lost their jobs amid the outbreak of coronavirus, an…
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Putin Government Rewriting Budget at $20 Oil in 2020
EghtesadOnline: President Vladimir Putin’s government is rewriting its budget to prepare for oil prices at $20 a barrel this year despite US-led efforts to get major producers to rein in production.
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Iran Gov’t Announces Corona Rescue Package
EghtesadOnline: The government has approved a large package to help low-income households and struggling businesses impacted by the rapidly spreading coronavirus.
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Next Budget to Help Streamline Isfahan’s Public Transportation
EghtesadOnline: As projected in the draft budget of the fiscal 2020-21, the government has earmarked 26 trillion rials ($180.5 million) for streamlining public transportation development in Isfahan.
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Need for Continuing Efforts to Pass FATF Laws
EghtesadOnline: The government needs to continue efforts to pass the laws related to the standards of the Financial Action Task Force after the global watchdog placed Iran on its blacklist, an…
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$5.4m Needed to Fight Desert Locusts
EghtesadOnline: The Plant Protection Organization has received 200 billion rials ($1.3 million) from the government to battle desert locusts that have swarmed southern Iran, while at least $5.45…
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MRC Has Reservations About Privatization Scheme
EghtesadOnline: The Majlis Research Center says a new government plan to divest its assets in assorted companies via exchange-traded funds is not “privatization in the true sense”.
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Xi Vows to Support Chinese Economy
EghtesadOnline: Chinese President Xi Jinping said on Monday that the government would prevent large-scale layoffs resulting from the coronavirus outbreak, Chinese state television reported, as…
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New Year Perks Determined
EghtesadOnline: The Cabinet has set 12 million rials ($88.8) in annual perks for government employees and pensioners paid before the onset of the Iranian New Year with their salary for 11th month…
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ICT Upgrade Projects Become Operational in South Khorasan
EghtesadOnline: In line with the government's efforts to upgrade ICT infrastructure throughout Iran, several projects worth 691 billion rials ($5.1 million) were inaugurated in South Khorasan…
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Capex Waning in Gov’t Budgets
EghtesadOnline: Government expenditure on civil development projects has been on the decline during March 2010-19.
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No More Subsidized Currency for Importing Eyed Eggs
EghtesadOnline: The government has discontinued the allocation of subsidized foreign currency for the import of eyed eggs, the head of Iran Fisheries Organization said.
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Iran Gov't Takes Different Approach to Divestitures
EghtesadOnline: The Iranian Privatization Organization has outlined plans to facilitate divestiture of government assets in the coming Persian calendar year that begins in March.
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Iran: No More Subsidized Foreign Currency for Sugar Imports
EghtesadOnline: The government will no longer allocate subsidized foreign currency for sugar import, as per the letter forwarded to the Central Bank of Iran by the Ministry of Industries, Mining…
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Iran's Tax Administration Brings Big-Timers Under Scrutiny
EghtesadOnline: The government wants to bring under closer scrutiny transactions above 50 billion rials ($375,000) conducted inside the country, head of Iranian National Tax Administration said.
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Urban Bus Fleet to Get Facelift
EghtesadOnline: As projected in the draft budget for fiscal 2020-21, the government has earmarked 50 trillion rials ($367 million) for upgrading the bus fleet.
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Iran Customs Starts Implementing AML Rules
EghtesadOnline: Iran Customs Administration has required all its offices to follow anti-money laundering regulations approved by the government last October.
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Gov’t Offers Residue Stake in 1 Refinery, 2 Insurance Firms
EghtesadOnline: The government plans to offer its shares in Tabriz Oil Refining Company and two insurance firms, namely Alborz Insurance Company and Amin Reinsurance Company in the near future.…
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Six Innovation Factories in the Iranian Gov’t Pipeline
EghtesadOnline: The Iranian government is making more efforts to develop the technology ecosystem by overhauling unused infrastructures and repurposing them into workspaces.
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Gov’t Sticks to Old Ways to Sell Shares in 2 Refineries
EghtesadOnline: Despite earlier reports that the government would make tweaks in procedures involved in divesting residue of its stake in state companies, a notice by the Iranian Privatization…
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Iran's 2020-21 Budget Bill Allows Municipalities to Issue Sukuk Bonds Worth $357m
EghtesadOnline: As projected in the draft budget bill for the fiscal 2020-21, the Iranian government has permitted municipalities to issue sukuk (Islamic bonds) to the tune of 50 trillion rials…
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Commission Approves Income Tax Exemption Rates
EghtesadOnline: The Majlis Joint Commission has decided that government employees who earn less than 360 million rials ($2,769) per year will be exempted from paying income tax as of the next…
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State Companies to Pay $444m in Tax
EghtesadOnline: Banks, companies and other organizations affiliated to the government must pay 57.8 trillion rials ($444 million) in tax in the coming fiscal year that starts in March 2020.
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Fuel Smuggling in Iran: A Strange Narrative
EghtesadOnline: The Tehran government’s protestations about fuel smuggling from the eastern and southern borders have become a permanent feature. So has the inability and unwillingness of those…
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Iran Gov’t to Sell Stakes in Six Refineries
EghtesadOnline: The government’s remaining stakes in six refineries is to be offered via a monolithic exchange-traded fund, according to a decision by an ad hoc committee in charge of divesting…
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PBO Says Revolutionary Bodies Must Pay Tax
EghtesadOnline: The government announced on Monday that revolutionary organizations involved in economic activities must pay tax in the coming fiscal year that begins in March 2020.