majlis
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Majlis Wants New Forex Policy
EghtesadOnline: Head of the Majlis Economic Commission has called on the Central Bank of Iran to end the “traditional ways to control the currency market” and adopt a leading role in the market.
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Majlis Wants to Raise Marriage Loan Ceiling
EghtesadOnline: The Majlis Social Commission has decided to raise the ceiling for marriage loans to newlyweds in the next fiscal year that begins in March.
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Legal Hassles Thwart Shrinking Surplus Assets of Banks: Majlis
EghtesadOnline: The government should ease rules related to the sale of excess assets of banks to augment much-needed transparency in the banking sector and tame the galloping inflation, a deputy…
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Majlis Concedes to MCC Role in Sanctioning Loans
EghtesadOnline: The Money and Credit Council, the top banking and monetary decision making body, will have the final say on loans ordered by the Majlis, Mohammadreza Pourebrahimi, head of the…
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Majlis Raises NDFI Share in Energy Export Income
EghtesadOnline: The Majlis on Sunday approved provisions of the next fiscal budget bill that require the government to set aside a bigger share of energy export revenue for the National Development…
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Majlis Gives Nod to Outlines of Fiscal 2022-23 Budget Bill
EghtesadOnline: Majlis, the Iranian Parliament, agreed in principle over the budget bill outlines proposed by the government of President Ebrahim Raisi for the fiscal 2022-23.
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Majlis to Probe Dramatic Decline in Stock Market
EghtesadOnline: Lawmakers on Tuesday approved a proposal from the Majlis Economic Commission to investigate the historic stock market decline plus the performance of its regulator, the Securities…
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Majlis Insisting on Selling Cars via IME
EghtesadOnline: The Majlis is insisting on opening the Iran Mercantile Exchange to car sales, a spokesman for the parliament’s Industries and Mines Commission said.
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Iran: Majlis Enters the Crypto Fray
EghtesadOnline: The growing interest in investments in cryptocurrencies among Iranians has raised Majlis concerns with the speaker on Thursday calling on financial authorities to exercise caution…
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Majlis to Decide on Opening ECO Bank's Office in Tehran
EghtesadOnline: The Rouhani administration has submitted a bill to the parliament that allows ECO Trade and Development Bank to open a representative office in Tehran to help expand ties between…
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Majlis Allows Banks to Invest $3b in Megaprojects
EghtesadOnline: The specialized and commercial Iranian banks were allowed by Majlis to extend financial facilities worth a maximum $3 billion to finance development plans and key infrastructures.…
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Majlis Approves Gov’t Bond Program
EghtesadOnline: The Majlis on Tuesday accepted sections of the March 2020-2021 budget bill related to ways and means the government and state-run companies can raise funds via the debt market.…
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Majlis Sets $8b Subsidy Cap for Importing Basic Goods
EghtesadOnline: The Majlis on Monday restricted the government’s ability to use subsidized foreign currency for importing basic goods in the next fiscal year that begins in March.
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Commission Drafts Bill to Cut Production Tax by 5%
EghtesadOnline: Majlis Joint Commission, a parliamentary body responsible for reviewing the budget bill as well as the five-year economic development plans, has put forth a bill that would reduce…
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State Banks Can Recapitalize
EghtesadOnline: The Majlis Joint Commission has made an amendment to the 2021-22 fiscal budget bill based on which state banks can increase capital by up to 100 trillion rials ($400 million)…
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CBI Rebuffs Majlis Move to Raise Forex Rates in Budget
EghtesadOnline: The Governor of the Central Bank of Iran Abdolnasser Hemmati criticized the parliament’s decision to raise forex rates for importing essential goods, saying that it would negatively…
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MRC: 62% of Gov’t Employees Among Top 3 Income Deciles
EghtesadOnline: Majlis Research Center, the research arm of Iranian Parliament, cast serious doubt over a 25% pay increase for civil servants proposed by the government in the budget bill for…
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MRC Finds Flaws in Banks
EghtesadOnline: The Majlis Research Center has looked into the performance of banks in the first quarter of the current fiscal year (March 20- June 21).
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MRC Looks at Retail Inflation
EghtesadOnline: The Majlis Research Center in a report explored the main reasons behind the sharp increase in consumer prices in the second quarter of the current fiscal year (June 21-Sept.21).
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MRC Report: Wastewater Potential Remains Underexploited
EghtesadOnline: The Majlis Research Center said urban wastewater networks and sewage collection facilities have been expanding but the same is not true for rural areas.
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Plan to Set Up Union of Retail Stock Traders: MP
EghtesadOnline: The Majlis is reviewing a proposal to set up a union for safeguarding the interest of retail investors in the stock market, a deputy speaker of the parliament said.
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Mining Sector’s Water Consumption Untenable
EghtesadOnline: The Majlis Research Center, the research arm of the parliament, says how average amount of water used to produce metals, namely gold and copper, in Iran is five times above internation…
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Majlis Rejects Industries Ministry Nominee
EghtesadOnline: Iran’s conservative-dominated parliament voted against President Hassan Rouhani’s pick for the post of industries, mining and trade minister in its Wednesday session.
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NIOC Ordered to Supply 1m Tons of Free Bitumen
EghtesadOnline: The Majlis has obliged the National Iranian Oil Company, to supply one million tons of free bitumen to executive organizations for construction projects in the current fiscal…
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SSO Ordered to Cede Excess Shares in Refah Bank
EghtesadOnline: The Majlis on Tuesday obliged the Social Security Organization to sell part of its shares in its affiliated lender, Refah Bank, so that the shares don’t exceed the ceiling set…
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Iranian Rial Revaluation Crosses One Hurdle
EghtesadOnline: The Majlis Economic Commission on Wednesday approved the provisions of a monetary bill based on which four zeros will be shaved off the national currency.
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Majlis Rejects Outlines of Next Fiscal Budget Bill
EghtesadOnline: The Iranian Parliament, also known as Majlis, rejected the outlines of the upcoming fiscal year’s (starting March 20, 2020) budget bill on Monday.
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Majlis to Vote on Agriculture Ministry’s Nominee
EghtesadOnline: Lawmakers will hold a confirmation vote for the proposed agriculture minister on March 2.
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Campaigning Begins for Majlis Elections: 7,000 Aspirants, 290 Seats
EghtesadOnline: Campaigning for the 11th round of parliamentary elections slated for Feb. 21 began on Wednesday midnight, the Elections Headquarters announced.
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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”.