in the name of allah, the most merciful, the most merciful. hello, dear viewers , welcome to the capital market news. the head of the stock exchange organization said that the role of the private sector in the capital market will increase . according to mr. eshghi, in recent years, the financing of production facilities through debt securities has increased and this trend will continue . eshghi also said that in recent years, the capital market has played a 30% role in financing the private sector. the head of the stock exchange organization added about the state of the stock market, the stock price of companies with its intrinsic value.

is far away and the stock exchange compensates for the recent lag behind parallel markets. economy minister he said that the allocation of equity shares to the survivors is pending the approval of some ministries to offer the shares of investment companies. according to mr. khandozi , justice shares should be allocated to more than 4 million people. in 1401, in response to the demand of the survivors of equity shares, the approval of the allocation of equity shares was included in the budget, approving the transfer of a part of the government's shares to people without equity shares, according to the law, it was decided that equity shares would be allocated only to a group of survivors. it is mentioned in the law that 4,700,000 people are under the protection of supporting institutions and the like. no one in this

recognition of the approval of the year 1401 , despite the approval of the resolution of allocating justice shares to the survivors by the supreme policy council of principle 44 , the absence of valuable shares for allocation prevented the implementation of this resolution. the interpretation of the honorable legal vice president was that misr steel and kharij fars petroshim companies are part of the 20% share of the government and it is possible. for this reason, the implementation of this resolution was postponed to this year. this year, the government's effort is to do this much sooner without reaching the last months of the year, and while there are less than two months left until the end of the year, this time the condition the implementation of this resolution depends on the approval of some ministries, because some

ministries had not yet approved the shares of investable companies for equity shares, it was postponed to the approval of the relevant ministers, according to the minister of economy, if the ministry approves. 10 million tomans of equity shares will be allocated to each of the remaining shares of equity shares until the end of the year. maryam fadaei of the sed and broadcasting news agency. 12% of the shares of iran antibiotics company will be offered on wednesday this week. in this initial offering, 9648 thousand the company's shares are offered in a combined method in two stages . in this offering, in the first stage , 32,116,000 shares, equivalent to 4% of the company's shares , will

be offered to qualified investors, i.e. mutual funds, at the price of 183,40 rials. in the second stage, 8% of the company's shares will be offered to individuals and legal entities with a maximum of 128 shares that can be purchased. the indicators of the glass hall were decreasing in trading on the second day of the week. on this day, the largest withdrawal of real people's money from the banking group took place. all stock market indices were down on sunday. total index in this day was covered in red under the influence of export oriented symbols. the fall that was affected by the continued decrease in the price of currency in the market. and finally, the total index was placed in the range of 2 million 1008 units with a negative yield of 52 hundredths percent equal to 1902 units. equal weight index also took a step in the direction of the total index, with the difference that the price decreased. the trading of small stocks

was associated with less intensity compared to the index of instruments. the equal weight index on this day with a negative yield of 12 hundred percent equal to 882 units at the level of 736 glass halls in the trading on sunday witnessed the exchange of more than 7 billion shares and financial bonds in 347 a thousand turns had a value of 4900 billion tomans. the symbols of tapico steel, shepna and shasta had the most negative impact on the stock market index, and in contrast to the symbols of sabzevar and niro, rampena and hafari prevented further reduction of the total index. index of capital inflow and outflow at the end of trading on sunday. the stock exchange also announces the withdrawal of 137 billion tomans of real money . on this day, 164 billion tomans of real money was withdrawn from fixed income funds so that the balance of these funds remains negative. but the largest influx of real money was allocated to the power plant and oil and gas extraction groups

the largest withdrawal of real money was made from bank groups, stock funds, and auto parts manufacturing. the condition of the symbols of the glass hall also indicated that 269 symbols. there were positive and 502 negative symbols so that the glass hall witnessed 65% of the market symbols becoming negative. also, 56 symbols faced buying queues and 38 symbols faced selling queues. the total value of buying queues is 282 billion tomans, the total value of selling queues is 217 billion tomans. but on the other side of the market, the total otc index decreased by 73 points to 255 points. traders over 3 billion and 63. ghazal arab gol news agency more than one million tons of various goods and products were traded in the commodity exchange on sunday. in

the cement hall, about 900 thousand tons of cement were sold . the industrial and mineral products hall also witnessed and there were more than 16 thousand tons of goods in the petrochemical hall and petroleum products. also, the volume of transactions in the open auction hall was 7 thousand tons. in the secondary market, 55 thousand tons of all kinds of products were sold, from increasing capital to stopping some symbols and holding a general and extraordinary meeting, as well as disclosing information with ambition. in the middle of kodal on the news line of the meeting of the general assembly of symbols and industry of the national federation the purpose of the capital increase is to be held on the 24th of bahman, the general assembly meeting of tehran

symbol will be held on the 8th of esfand . haghigi sebatah and sajami investment funds will be deposited from the 13th of march. dave and qashuko symbols for the extraordinary meeting in order to increase the capital by 100% of the accumulated profits of madeira, increase the capital by 32% of the accumulated profits of qasim , increase the capital by 40% of the accumulated profits of qapino, increase the capital by 22% of the accumulated profits of kariz , amend some articles of the articles of association of sajan, select the auditor legally, at the end of the 15th of bahman, the transactions were stopped and today more than 32 thousand tons of hydrocarbon products are offered in the iran energy exchange. the largest volume of supplies

is dedicated to the refined product of gas and butane. in the inner hall of the energy exchange, 1020 tons of hydrocarbon products are offered on the supply board. the international hall of energy exchange also hosts more supply. in yesterday's transactions of the iran energy exchange, a variety of products worth more than 100 billion tomans were sold. these transactions were worth more than 2 million 900 thousand dollars. the end of capital news, god bless you.

the importance of elections in electing a strong parliament , the key is in the hands of the people, iranian coach sharaf iran. telegram channel is playing with the whole country , why are you setting prices in this month? is your question an interesting question? are you a football manager? we don't want any kind of treatment. you are special to the higher program. in recent meetings, the leader of the revolution called the real competition one of the important elements of the election, that the field be open for the presence of different political, economic, and cultural viewpoints, so that all these viewpoints, with

their own differences, can participate in the big contest. make the elections a real competition and have an active presence in the field. as i told you, one of the issues that different experts disagree on is how to allocate subsidies. should we pay the subsidy to the chains, to the first chain, the middle of the chain, to the entire chain, or should we basically give the subsidy to the final point to the consumer. let's give it a final word that people have different opinions on this issue, and naturally, another topic of the higher program has been dedicated to this, and we will serve you with the debate. the subject that i presented to you, stay with us , mr. hassan khani, an economic expert, is present here in the upper studio. as an individual and a party to the debate who agree to pay subsidies to the chain and

mr. benanejad, another economic expert of the program, who agree to pay subsidies to the final consumer and oppose payment in the way that mr. hassan khani believes in. greetings to both of them. guest of the program , i would like to start with mr. hassan khani and this question, basically, what is your reason for thinking that the subsidy should be paid to the chain and not to the final consumer, in the name of allah, rahman, raheem. hello, i would like to serve you. dear guests and dear people of our country, i am a football fan and we actually saw the national team win yesterday . i also congratulate you on this win . god willing, we can become champions and shine in asia. first of all, do you want to talk about football? yes. no, in order to answer your question, dear mr. bozornasab, i must first give some introductions. i will try to keep it short. basically, subsidy and subsidy payment

are viewed from different angles, sometimes governments look at it from the perspective of their own budgets, people from the perspective of they look at their purchasing power. the producer looks at it from the perspective of production power and production obstacles, and different views and different angles are actually looked at. in order for us to be able to evaluate these angles together, match them, and draw a policy result from it, i have listed some of these goals that can be followed by subsidies, in fact, the policy of paying subsidies. ok , that means that a subsidy that does not have any effect has no place for us in any structure and in any governance or governance logic. you have a subsidy. you pay to any part of

the chain, or to the consumer, or to the producer, or to different rings, but you don't understand its effect. if you feel the effect but can't really test it, you should do it again. review it. the third issue is that the subsidy should not have a destructive effect on production. you cannot subsidize a chain, a producer, a consumer. however , the result of this subsidy is the destruction of your production. this is not you can defend him. the fourth issue is that the subsidy that is paid must be defensible for or bearable for the government. you have to pay a subsidy that the government can pay. under the financial burden of that subsidy, if

you want to pay the entire budget of the government to the subsidy , this is not defensible. what i am saying is that the conditions for the establishment and continuation of the subsidy payment are correct. the issue of separation is the last issue which is very important, the issue of corruption is that if we pay a subsidy either to the end of the chain or to first, the chain of this corruption caused by this possible corruption caused by this subsidy payment must be preventable and countered. if we accept the absence of these frameworks, we can talk about subsidies case by case. sometimes you see a subsidy for a product that is a basic product, sometimes you see a subsidy for a product that is not a basic product, but it is produced in the country of an engine such as a car, for example, this should be discussed on a case by case basis. what is it , in the name of allah, the most merciful, the most merciful, greetings to you and my dear listeners and viewers, with all due respect

who now support mr. hassan khani's idea. i have only one criticism on this debate that subsidies should be given to the chain, while you know that there are different types of subsidies. now there are 5 different types that exist in many countries. it doesn't matter if it is developed countries or developing countries. whether it is development or the countries that are under sanctions, most of these countries give subsidies in different ways, either in cash or quasi- cash or goods. either general payments or exemption from a series of payments , they are giving this subsidy in different ways, but from something. there are about 122 subsidy schemes, about 50 of them are in the field of cash, and they are for the last cycle and for the consumer

. to say in the chain, maybe the subsidy will finally reach its target based on the economic formulas and the society will achieve the effect it needs, but this is in an ideal situation, we have to discuss the economy of our country and the uncontrollability of this chain somewhere. it has limited us. we are finally living in a country where it is possible to anyway, a series of these borders that we have with other countries, i.e. in the field of goods smuggling, it is possible that in various economic debates in our country, this chain is not very controllable, it may be given to a place that does not affect the people , we have the experience of 2089 where targeting of the subsidy was done, with a part of it given to the people, and a part

of it was supposed to happen in production, that is, in that chain, but we didn't see it. this thing, which was considered for the chain , was considered for the producer, and the difference in energy cost and all that did not happen, and finally that producer also suffered because of the price increase, so in my opinion, his way of paying in cash, which we are completely against, means that giving cash payments to people is , in my opinion, an absolutist business. now they don't have a job for something, about 600, almost 60, and i think 50, a year, subsidies are paid, half of this is paid in cash, the rest is in the form of hidden subsidies , it is in the energy sector, and other sectors are like this. we have to move forward because now the cash that is already there

is there and it cannot be but the hidden subsidies that are there. a percentage of this should be used to reduce people's general consumption, which means long-term planning, first of all, a part of the hidden subsidy that we are giving for the long-term plan to reduce people 's consumption. yes , i think our energy consumption in the country is how many times. now , the statistics i had are almost two and a half times the world average. and when this happens , we have to pay some expenses and give this subsidy twice to our energy in secret, please allow me. regarding this energy debate, i would like to give you a side note. look at the energy debate . one is the intensity of energy consumption in the country. the

other is per capita consumption . the goods that we produce unfortunately decrease due to currency fluctuations , mainly because of this, the variable parameter of energy consumption intensity in our country is shown to be high. another thing is that it is a fifth of that production we have one-fifth of the intensity that you say in our country, for example, now, in order to analyze, we have this width and so many variables. this change is due to the decrease in the value of the dollar. we are showing this high. now , it is more

for two reasons, at least one is to maintain the purchasing power of the people, and the other is to maintain the production capacity of the manufacturer. you see, for years, the american government has been it is for american farmers. in different places, he pays subsidies in different ways , for what? because american farmers have a competitive advantage over european farmers dan's hand american pistachio products should not become weak in global markets where the competition is very high. so, my point is, if we want to talk about subsidy, we should talk about the fact that subsidy has no purpose, it has a method , according to the students, that is, it is aimed at achieving a specific goal. it can or should be supporting the final consumer or supporting the production or

both . directly to the consumer in the end, they are supported by a series of goods , directly and indirectly, they are supported by the path of different cycles, long cycles , long cycles, close cycles, if we want to talk about this general version, we really cannot give a specific answer. basic goods are usually paid directly or now because they are less elastic, which does not mean that they are directly supported or that the goods that are the driving force for a country are the driving industry . can in your different countries in our country, the point you are saying is that in our country, the structure of our government and our governance does not allow it to hit the target

. yes, we can't do anything , but if we believe that the government can reform its governance system , restore it, improve itself , make up for its mistakes, and move on. we must believe that the government must be able to create transparency along the chain. if a rial yaraneh wants to pay his own choice in this chain from the beginning of the ring to the end of the ring . it can bear its financial burden well , it will turn into a surplus, and on the other hand , it will not turn into inflation in the long run. our governance structure should be able to do this.

let's create transparency, we should go and monitor this debate . it is a short-term problem. mr. engineer, the maadiyan system and the endings of our stores are all 20 years old. now we are talking about something . now the modiyan system has changed. we were discussing store systems, for example , store machines, store cookers, or

similar discussions. well, this has been discussed for 20 years , but the infrastructure has not yet been created . this is the same issue. how long do we have to pay this subsidy and continue to wait for it? this transparency system should be created. i think that one thing that i said in my first article is that we we can even get a part of this, that is, the government should say right now, sir , that the subsidy will be paid in any way that is easier to access and easier to pay and reach the consumer . for example, i will use 80% of it. sir, our automobile industry is still producing cars with 13% fuel consumption, something that is completely obsolete in the whole world, now it consumes 13 liters. 10 to 13% of our car manufacturers don't complain about this discussion, but we have hybrid cars in the world now , it is being said that in one country, we are now giving a deadline

, for example, a border for it. considering, yes, there is a threshold for it, considering it, from now on , they will not allow fossil-fueled cars to come , we are still producing them, we still mean that i want to produce what we are doing, mr. engineer. we also use high consumption chinese cars, which have 3141 s3, after gasping for gas. in this short term , how much do we have for something? now, i don't have the statistics, i am thinking here, and at least 60-70 should be done. the year of discussion of this difference in the amount of fuel is at least something that is in my mind now, but how long should this payment be and this is still the price increase and all this, we should worry about the increase in prices and do not touch my fuel and this is for the long term yes. your statement is correct, but in the short term, what should we think now, what should we do , engineer, in the short term, the cost of inefficiencies in

governance is not just the government. in governance or law or supervision or in any case implementation, even the private sector, which you actually have elites in anyway , we cannot impose the cost of inefficiency in governance . let me make the chicken more expensive so that the chicken in balashahr will not be cheap, no, this is your mistake. if you really have a proper governance system , you will collect the tax from balashahir . if we pay a cash subsidy, that's it cash subsidy during my 10 years, of course, cash cannot be in the form of ashkan. if we set up the national credit system, if

we could implement the store system, the store terminal, and the maadian system, it was completely monitored. who is actually doing what along the chain? if it does , then it will be a proper infrastructure for us to be able to talk about subsidy payments, subsidy payment system , subsidy payment policy package. to should we pay the final consumer or give it to the first of the chain, this is a bit early, but in this discussion , that's exactly what i'm asking. one point, sir, i would like to point out to you that because of race , the rich and the poor are using some subsidies equally . the same chicken that you gave as an example, if we want to discuss it as an example or to pay in the iaran chain, i can show you a table, see with a very simple logic, i can serve you if

the camera should have this table. i have written a few numbers and we can discuss this with each other. suppose a product with 6 rings, 5 rings, and 56 rings is actually produced, and there are 56 rings along the production chain, if in the upper line, i consider that at the beginning of the circle, 20 units of cost are actually spent on the production of a product, and i want 100. i will pay riyal unit to that first ring, finally 120 units and these 20 units, you know that in each ring 20% ​​profit is actually transferred to reach the next ring of the producer who is in the first ring with 20% of the profit of the product is transferred to the next ring for the semi-finished or incomplete product. in the same way, the next ring will send it to the next ring with 20% added value

. at the end of this chain, you have a complete product with 50 rial units. i want to give the riyal subsidy unit that i gave at the beginning of the circle. i want to give it at the end of the circle. here it will be 120. with 20% , it will reach 144 in the next circle. here, at the end of the chain, when you want to pay 100 units of riyals , the final price for the consumer will be 200 to nine 50 at the same time, the consumer's purchasing power has decreased by a quarter, so you have to increase the efficiency of your rial aid to the consumer to maintain his purchasing power. now, mr. doctor , see my experience. we used to say that the width of 422 is the same as the 100 tomans that you mentioned.