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Wednesday, May 22, 2013 01:54
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restructuring of government subsidies

Iranians to pay much more for electricity

Iran’s deputy power minister warns electricity rates will skyrocket in the coming year, because the current prices can no longer be sustained.

Ahmadinejad's subsidy reforms to be dropped

Iranian Parliament is planning to suspend Mahmoud Ahmadinejad’s restructuring of government subsidies, which the administration has seen as the cornerstone of its economic policies.

Dairy industry blames gov’t for price hikes

The price of dairy products in Iran has gone up for the third time in recent weeks, and reports indicate that in the past three months, those prices have doubled.

10,000 workers petition for better conditions

Ten thousand Iranian workers from various industrial units and five provinces have petitioned against the restructuring of government subsidies, demanding wage increases commensurate with the inflation rate.

Iranian economist to serve out prison sentence

Iranian economist Fariborz Rais Dana was arrested today in Tehran to serve out a one-year sentence.

Ahmadinejad lashes out at critics

Mahmoud Ahmadinejad denies that his administration will increase the price of gasoline to 2000 toumans a litre and accused his critics in the government of “interference and bad decision making.”

Parliament critical of government's handling of subsidies

The Ahmadinejad administration is in violation of the legislation for restructuring government subsidies and is facing a budget shortfall of 16 trillion toumans, the special economic committee of Iranian Parliament reports.

Larijani slams administration over subsidies

The head of Iran’s Parliament, Ali Larijani, has written to Supreme Leader Ayatollah Khamenei to criticize the administration’s implementation of the second phase of government-subsidy restructuring, which he describes as illegal, the Mehr News Agency reports.

Battle heats up over subsidy restructuring

The economic commission of Iran’s Parliament has spoken out against the announcement that affluent households will no longer receive cash payouts in the second phase of government-subsidy restructuring.

Parliament opposes Ahmadinejad's cash payouts

The head of Iranian Parliament says the Ahmadinejad administration is in stark violation of the law by pushing for an increase in cash benefits to households, which he claimed is only triggering further inflation.