70262
Minister Vows to Keep Wage Rise Above Inflation
Economy, Domestic Economy

Minister Vows to Keep Wage Rise Above Inflation

Minister of Cooperatives, Labor and Social Welfare Ali Rabiei says he will continue to press for the elimination of absolute poverty if he remains in office for the next four years.
“One of the major strategies would be to ensure that the rise in workers’ salaries exceed inflation,” IRNA quoted Rabiei as saying.
Wage increases outstripped inflation rate in the current Iranian year (March 2017-18) for the third consecutive year.
The minimum wage set for the current year saw a 14.5% rise compared to last year to stand at 9.3 million rials ($248) per month.
The Central Bank of Iran’s latest report on inflation shows the average goods and services Consumer Price Index for urban areas for the 12 months ending July 22 increased by 10.3% compared to the preceding year’s corresponding period.
President Hassan Rouhani, who officially started his second term in office last week, has named Ali Rabiei to keep his position as Iran’s labor minister for another four years. His reappointment awaits a vote of confidence in the parliament within the next few days.

Short URL : https://goo.gl/LEc63w
  1. https://goo.gl/6GUaiG
  • https://goo.gl/qQonKR
  • https://goo.gl/6y9gbi
  • https://goo.gl/JSrUWU
  • https://goo.gl/xYzn2K

You can also read ...

WTO Accession No More a Priority for Iran
Joining World Trade Organization is no longer a priority for...
Rouhani Sends Banking Reform Bills to Parliament
Following an approval by the Cabinet and a presidential...
One factor causing a drop in Chinese steel in Iran is their rising prices.
Chinese steel was everywhere in the world for the good part of...
Asadollah Asgaroladi
As one of Iran’s 15 neighboring states, Russia is expected to...
Bill on Construction Quality Inevitable
In order to curb the construction of substandard buildings,...
TSE’s Average P/E at 5.6
The average price to earnings ratio of Tehran Stock Exchange-...
Peugeot’s 301 model is on sale in Turkey for more than three years.
Iran Khodro dealers confirm that the new Peugeot 301 sedan is...
IKCO Launches Taxi Made in China
Iran Khodro has unveiled the DongFeng S30 as part of a push to...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus