By Associated Press
TEHRAN, Iran (AP) An Iranian lawmaker says the country's parliament has postponed the implementation of a second round of subsidy cuts until 2013 over fears of stoking already rampant inflation.
The head of the parliamentary budgetary and planning committee Gholam Reza Mesbahi Moghaddam told the semiofficial Mehr news agency ...
PHASE two of the Iranian targeted subsidy plan is as clunky in Persian as it is in English, but it rolls off every Iranians tongue. On April 28th President Hassan Rohani raised petrol prices by 75%, from 4,000 to 7,000 rials ($0.16 to $0.28) per litre. Increases in the price of staples are imminent, too.
This second round of cuts to the subsidies ...
TEHRAN In a bid to cut spending, the Iranian government has ended a massive cash assistance program and launched a celebrity-driven campaign to convince millions of Iranians that they do not need the help.
Its unlikely to be a popular message. As of last month, more than 90percent of Iranians were receiving monthly direct deposits from the government ...
Tehran, March 27, IRNA - President Hassan Rouhani has said that the second phase of subsidy regulation scheme is starting in April.
President Rouhani told his ministers and deputies that the subsidy reform plan will take effect in May, according to the petroenergy news network SHANA.
Rouhani said his administration has significant projects for ...
Feb 6 (Reuters) - Iran's parliament has approved politically sensitive plans to slash subsidies on fuel and food, but delayed implementation for several months while authorities try to soften the blow to consumers by handing out food packages.
A clause in the budget bill for next fiscal year, which starts in late March, calls for steep price increases ...
Under former President Mahmoud Ahmadinejad, almost all of Irans 77 million people started receiving monthly cash payments to offset rising energy and food costs. Rouhanis government has indicated it wants to introduce eligibility requirements in a bid to help revive an economy battered by sanctions over Iran??s nuclear program and 40 percent inflation....
TEHRAN (FNA)- Two subsidiaries of the oil ministry, the National Iranian Oil Products Distribution Company (NIOPDC) and the National Iranian Gas Company (NIGC), will no longer be able to provide fund for payment of subsidies as of the next Iranian year (starting in March, 2014), a senior oil ministry official said.
Deputy Oil Minister for Planning ...
TEHRAN (FNA)- An Iranian deputy oil minister said governments continued monthly cash handout policy is feared to squander financial resources required for the development of the country's infrastructures.
Abbas Kazzemi said on Wednesday that payment of subsidy started in Iran in 1972 when Iran was selling oil for 10 dollars.
The money which ...
Irans subsidy reforms have been among the most significant, but also most controversialsocioeconomic initiatives in recent years. Now that Iran is preparing for the post-Ahmadinejad era, it is appropriate to examine how the planned continuation of this program will be affected by the emergence of a new administration in the second half of 2013.
The ...
Todays top stories in Iran include Ahmadinejad granted statue of nuclear technology day; Expediency Council member: former Iranian presidents not to run for presidential election; Interior Ministers statements on Iranian blogger death convince Iranian MPs; Iranian lawmaker: increasing gasoline rate due to not implementing secondround of subsidy; and ...
Todays top headlines in Iran include leader warning government for the delay in proposing budget bill; president Ahmadinejad speech on complete implementation of subsidy reform plan; suspended jail sentence for son of Iranian Green Movement leader Mehdi Karroubi and self-sufficiency of Iran Khodro in Peugeot 206 production.
Irans leader ...
Iranian presidentMahmoud Ahmadinejadasked the countrys parliament to unify in the face of enemy pressure and to support the extension of a subsidy- reduction plan that started three years ago.
Ahmadinejad has sought to implement a second phase of the plan, including a further rise in energy prices, before he steps down later this year, while parliament ...
Todays top headlines in Iran include Iran's president Ahmadinejad stressing onimplementation of second phase of subsidy reform plan; Iranian lawmaker remarks over government intention to implement subsidy plan and itsproblems; resumption ofPeugeot 206 production line byIranKhodro andEconomy Minister statements on omittingthedollarandeurofrom Iran's ...