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Credit Indebtness Is Growing Faster Than Deposits
29 november 2012
In the current year, the increase of retail bank deposits steadily isn't catching up with the increase of credit indebtness. Within 10 months the net household savings have decreased by 691 bln rubles including October decrease by 137 bln rubles.
Long-Term Investments at the Stock Market Should Be Exempted fr om Tax
28 november 2012
The RF Ministry of Finance discusses the possibility to equalize the tax assessment for interest yield fr om individuals' deposit, bonds and shares. It is suggested that there should be established a lim it of tax-exempt total income. It can be about 1mln rubles a year.
Russia Is Expected to Go Through Proceedings in WTO
28 november 2012
In accordance with agreements related to Russia's accession to the World Trade Organization, in the nearest future our country will have to reduce the import customs duties for different automobiles.
Bank of Russia Is Planning to Limit Granting Unsecure Loans to People
27 november 2012
According to the Deputy Chairman of the Central Bank of Russia M. Sukhov, the Bank of Russia is planning a twofold increase of the reservation rate for unsecure cash loans from March 1, 2013, and to increase the risk coefficients for cash loans while calculating the banks Cooke Ratio (Н1).
It Is Worth Investing into Russian Railways If Bonds Are in Demand
26 november 2012
In 2013, the Government of Russia will allocate 200-300 bln rubles from pension accruals to infrastructure bonds. This refers to investments into the projects of a particular company - Russian Railways (RZhD). This was reported by the Minister of Finance, Anton Siluanov, on November 26.
Approaches to Control of Transfer Pricing Should Not Be Rejected
22 november 2012
Dmitry Medvedev, the Prime Minister of Russia, appealed to the employees of tax authorities not to hurry with the verdict regarding the tax innovations but firstly to evaluate their social and economic consequences. This refers to the control of transfer pricing, as well as to the consolidated groups of taxpayers.
Are Increased for Petrol, Tobacco, and Alcohol in Russia
22 november 2012
On November 21, the Federation Council approved of the governmental law about the indexation excise rates for 2013 - 2015, the amendments made in Article 193 of the RF Tax Code (see details .).
Capital Outflow is Caused by Minimization of Bank of Russia's Intervention
21 november 2012
According to Andrey Klepach, Deputy Minister of Economic Development, the capital outflow from the Russian Federation, in the course of 2012 can reach $70bln.
Moody’s Is a Bit Late with Downgrading of France Rating
20 november 2012
Moody's, an international credit rating agency, downgraded France's government bond rating by one level to AA1 from AAA. The outlook remains negative.
Zeroing Mineral Resource Recovery Tax Is the Sale of National Capital at Zero Price
20 november 2012
RF Ministry of Energy suggests zeroing of mineral resource recovery tax for 25 years for the new gas projects in Siberia and the Far East.
Leaders of the Russian Military-Industrial Complex are steadily revolving
20 november 2012
At the November 19 meeting of President Vladimir Putin with the Deputy Prime Minister Dmitry Rogozin, the latter said that the Ministry of Defense contracts planned for this year are placed for 94.3%.
The Government Should not Completely Withdraw fr om the Sberbank Capital
19 november 2012
On November 19, the First Deputy Prime Minister Igor Shuvalov stated that the government as a shareholder of Sberbank and VTB plans to withdraw from the capital of the two largest Russian banks within 5-10 years.
What are the incentives of civil service
19 november 2012
In the analysis of current changes in the number of employees and the level of remuneration in the government sector of developed countries, the question inevitably arises, what encourages people to work in this sector and how to improve incentives of civil servants in the efficient performance of their responsibilities.
Monetary supply stagnation as a result of fiscal policy
16 november 2012
Monetary supply dynamics (changes in the monetary base in broad definition, reflecting the Bank of Russia operations on the formation of monetary supply) in the last months of the current year can be regarded as stagnant.
Recession in the Eurozone could be avoided
16 november 2012
Eurozone entered its second recession in four years - its GDP is decreasing for the second consecutive quarter, having declined in July-September 2012 to 0.1%, while in the previous quarter the downfall made 0.2%. Economic growth across the EU did not exceed 0.1%.
The new draft law on pensions: a threat to VEB
14 november 2012
On November 14, the Russian President Vladimir Putin has supported the new draft law on pensions, which implies reduction of allocations to the funded component of pensions from 6% to 2% of payroll, redistributing 4% for insurance (distribution) component of the retirement pension. In addition, the President proposed to postpone the bill entry into force until 2014.