EghtesadOnline: A member of the Majlis Energy Commission says parliament is willing to approve rules that allow the government to offer crude oil in Iran Energy Exchange at discounted rates.
EghtesadOnline: Parliament voted for a bill on Tuesday based on which compound interest on bank loans that matured by the end of last fiscal year (March 20, 2019) would be eliminated and debtors given until mid-February 2020 to repay their dues.
EghtesadOnline: The Majlis Research Center has proposed a roadmap to help wean the economy away from oil revenues by making better use of the nation’s abilities and potential for raising income and reducing expenditure.
EghtesadOnline: The parliament plans to investigate the foreign exchange policy of the Central Bank of Iran during the last fiscal year that ended in March, says head of the Majlis Economic Commission.
EghtesadOnline: Lawmakers on Sunday decided to look into the performance of the Central Bank of Iran during the past five years. The bank’s seemingly poor performance in regulating the currency market and the questionable activities of shadow banks are among the main motives behind the parliamentary move.
EghtesadOnline: The Majlis has asked the government to eliminate the policy of compound interest rates in banks to help promote domestic production, and the Rouhani administration is expected to inform lawmakers about what it thinks of the prospect.
EghtesadOnline: In an amendment to the next budget bill, the Majlis obliged the government on Saturday to levy tax on the earnings of Astan Qods Razavi, Executive Headquarters of the Imam's Directive - shortly known as Setad - and companies affiliated to the armed forces.
EghtesadOnline: Majlis Speaker Ali Larijani will arrive in Beijing on Tuesday and Wednesday at the head of a parliamentary delegation to meet top Chinese officials for discussing mutual economic and political relations.
EghtesadOnline: Majlis Speaker Ali Larijani left Tehran for Tokyo on Monday at the head of a delegation to hold talks with senior Japanese officials on bilateral issues, including ways of upgrading parliamentary ties.
EghtesadOnline: In the wake of a single urgency bill approved this week by the Majlis to tax the income of the Central Bank of Iran, the bank issued a statement late Monday, indicating that the legislation comes with “ifs and buts”.