Head of Iran’s Planning and Budget Organization (PBO) said the government will submit the budget bill for the next Iranian calendar year (starts on March 20, 2020) to the parliament on December 6 as it is scheduled, IRIB reported on Tuesday.
According to Mohammad-Baqer Nobakht, this year, PBO has decided to send the information about the state-owned companies’ budget to the Majlis (Iranian parliament) a month earlier so that the parliament would have enough time to review it.
The members of the budget preparation committee at PBO are seriously working on the bill and while the views may differ in some areas, the consensus among all members will be the base for the final decision making, Nobakht said.
As the passenger wing of the Islamic Republic of Iran Railways (RAI), Iranian Raja Railway Transport Company has signed deals with three domestic companies for renovating 124 passenger wagons, ILNA reported on Tuesday.
Some 213 new domestically-made locomotives and wagons were added to the railway fleet of Iran in a ceremony on Tuesday, IRIB reported.
Iranian deputy transport minister said National Development Fund (NDF) of Iran has allocated $1.6 billion for renovating the country’s transportation fleet, IRIB reported on Tuesday.
Head of Iran’s Planning and Budget Organization (PBO) said despite the decrease in the country’s oil revenues the country won’t face any budget deficit in the current calendar year (ends on March 19, 2020).
Smart cities are a driving force of the industrial internet of things segment. Though projects can be ad-hoc and limited, the U.S. has been among the world’s smart cities leaders, and the numbers are expected to grow significantly through 2023.
China’s central bank said on Tuesday that Washington’s decision to label Beijing as a currency manipulator would “severely damage international financial order and cause chaos in financial markets”.