Monday 07-03-2016 | 8:59:36 sounds like a liquidity issue maybe???
Twilight News / Rafidain Bank on Monday denied reports that indicated deliberately military retirees pay the salaries under false pretenses delay, attributing the reason for non-payment of the salaries due to delayed retirement Authority to provide financial cover to the Rasheed Bank.
The general director of the bank on behalf Kamal al-Hassani said in a statement responded to the Twilight News, said that the main reason for non-payment of military pensions is delayed retirement Authority to provide financial cover to the Rasheed Bank and the failure of the Rasheed Bank converts the amount up to this day, to the Rafidain Bank, pointing out that they were promised that The amount will be converting on Tuesday.
The accused and the defense of parliamentary security committee yesterday Rafidain Bank intentionally delaying the military pensions under false pretenses, uncertain availability of funds.
Rafidain Bank begins to pay the salaries of retirees
Rafidain Bank announced on Monday, the start of payment of military pensions and the campaign of the smart card arrears to banks.
A source told the'madar News', said the Rafidain Bank began to pay the salaries of retired military campaign and the smart card after the bank delayed payment, adding that the delay is due to reasons of Rafidain Bank.
The source , who requested anonymity, said there was no truth to the news that dealt with some of the media.
ENDIran, China to launch oil cooperation in Iraq
TEHRAN, Mar. 07 (MNA) – NIDC managing director has announced the launch of negotiations with a Chinese company on joint implementation of oil projects in Iraq.
Managing Director of the National Iranian Drilling Company (NIDC) Heidar Bahmani described new plans for running oil projects in Iraq saying “for implementation of certain oil projects in Iraq, we have conducted talks with China, the winner of the Iraqi tender, in order to supply some required equipment.”
Bahmani also announced ongoing talks with some European companies present in Iraq in order to run join collaboration in Northern and Southern areas of the neighbor country; “moreover, negotiations are being held with Kuwait on carrying out joint Projects in the Persian Gulf littoral state.”
The official pointed out the provision of proper grounds for Iran’s presence in the international market commenting “we were not able to transfer drilling equipment to neighboring countries during sanction years while the issue has been completely resolved with the elimination of sanctions clearing the path for Iran’s more visible presence in Persian Gulf littoral states.”
Touching upon the dialogue with Italian firms, NIDC managing director explained “currently, an agreement is being sealed with Italians based on which the European side will undertake the investment portion while NIDC will carry out the drilling activities.”
“Furthermore, talks are being held with Singaporean firms on implementing offshore projects with Singapore providing finance and Iran offering equipment and facilities,” continued the official.
He also referred to plans to supply drilling rigs in the coming year asserting “certain Memoranda of Understanding have been inked with Chinese firms to supply rigs.”
“Since the Islamic Revolution, the number of drilling rigs in the country has risen from 6 to 75 while the figure will reach 80 in the next Iranian year (to begin March 20),” maintained Bahmani.
Stating that purchase of each offshore drilling rig demands at least $ 200 million, the official reiterated “we intend to increase the number of rigs with the participation of Iranian or foreign investors within the framework of lease-purchase contracts.”
END
Parliamentary Finance: raise taxes without providing services angers citizens
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Parliamentary Finance: raise taxes without providing services angers citizens
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AGHDAD / Economy News ...
Parliamentary Finance Committee stressed the need to restructure the functional system of the state before starting to impose new fees on citizens, calling for a fight against the corrupt and bring them to justice, while economists called for to sustain the service institutions of the collected money itself.
The Baghdad Provincial Council, revealed his intention to impose a fee on vehicles entering the capital from other provinces, a total of up to one billion dinars per day, while the Municipality of Baghdad that has shown to have a plan to bring Baghdad International Airport to invest Street as well as a group of "investment opportunities" Other .
She said a member of the Finance Committee Magda Tamimi in an interview, said that most of the civilized world depends on their economies to collect taxes to meet the multiple unparalleled views submitted to an integrated services to its citizens without discrimination, "he recalls.
She added that "most oil-producing countries began today forgoes its resources to meet activating investment and tax aspects that have averaged ratio of 70% of the budget of those countries."
Tamimi explained that "the low performance and mismanagement of successive governments for years and contributed significantly to the waste of billions of dollars, which, if invested correctly contributed to building countries like Jordan and Syria."
He showed that "insisting on receiving losers and corrupt Mokhtlsa public money has bedeviled the local economy and treasury went bankrupt and therefore the infrastructure destroyed most of the basic services that are lacking citizen now."
Tamimi confirmed that "economic reform is not by imposing material fee borne by the citizens, but also the duty of the government to develop plans and in-depth studies of how to provide services on an ongoing basis and claim Bogeorha of citizens."
She continued that "pervasive in various aspects of the state of financial corruption prevents the provision of the most basic services, which will be wasted tax money to be collected in various ways."
And increased that. "Restructure the career system of the State and the fight against the corrupt and bring them to spend the first steps of reform."
In turn, the economic expert on behalf of Abdul Hadi said in an interview for the "long", that "the financial crisis experienced by the country prompted the government to find alternatives to increase its financial resources by imposing some taxes to meet submission services to citizens."
He added that "the development of detailed plans for how to increase pre-tax aspects of the citizens would decode the confusion that gets between some local and central institutions."
He said Abdul Hadi said "the money collected be motivated by a regulatory rather than financial, that the aim of collecting the money should be allocated to sustain the infrastructure of the services provided and not to increase the public treasury money on the welfare of the expense of the citizen."
And that "many government institutions raced to the imposition of multiple taxes titles without a thorough study of the feasibility and the amount of money withdrawn would aggravate the discontent among the public in general."
Asked Abdel-Hadi, "Is there a law that regulates the multiplicity of the updated tax? And how the money is imposed by the government institutions that control?"
He stressed that "the overall financial controls to prevent institutions from the redistribution of collection money their own without reference to the Federal Ministry of Finance, which is her right to determine the priorities of the ruling in the exchange process."
He said. "Impose a $ 1000 dinars to the entrants to the capital Baghdad and the collection of the Ministry of Health for a specific amount of visitors to patients do not represent large sums of money without having stats Dqiqih total individual beneficiaries of the service and the need for concentration of funds to sustain the infrastructure of these institutions."
The head of the investment committee in the Baghdad Provincial Council Burhanuddin Ishaq said, Monday (February 15, 2016), the Council discussed the possibility of collecting money from vehicles entering Baghdad and to vote on it at next week's session. "
He Isaac, that "nearly one million vehicle entering Baghdad daily, and the collection of about one billion dinars, of which if imposed thousand dinars on each one of them, as they are working with many countries around the world," noting that it "can provide the funds needed to sustain the streets and implementation other projects, in light of the Council's budget reduced by half as a result of the financial crisis. "
For his part, said a spokesman for the secretariat of Baghdad, Hakim Abdul Zahra, that the secretariat is studying with the Department of Transportation, which is responsible for Baghdad International Airport, the possibility of collecting money from passing vehicles on the airport road, because they offer services in it, "adding that" the secretariat was still studying a group of other investment opportunities, and to identify suitable land for it. "
He said Abdul-Zahra, the "Projects Department in the Secretariat is working to end the private investment plan for capital actions, having announced by the misses them,"she returned to "new investment opportunities include surprise for the young and unemployed," without revealing details.
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