Law in India

On Tuesday, the Chamber of Deputies passed a bill repealing special state pensions, 247 to nil and 21 abstentions. The bill provides for the repeal of special state pensions, with the exception of the pensions for the military and police.

The Government is going to approve in the meeting on Wednesday next year's state budget draft law and the draft law for the amendment of Government Emergency Ordinance (OUG) 114, governmental sources told AGERPRES. The draft law of the state budget for 2020 and the draft law of the state insurance budget for 2020 are on public debate on the Public Finance Ministry's (MFP) website.

The Government will approve, on Friday, the amendment of the emergency ordinances (OUG) 114/2018, 50/2010 and 52/2016, announced Prime Minister Viorica Dancila, stating ranging among the objectives are the decrease of the loan cost for Romanians and increasing the number of Romanian companies that will receive favorable loans from banks.

The latest amendments to the Ordinance 114 are based largely on the data submitted by the National Bank of Romania (BNR), an institution that has greenlighted the document in its current form, Finance Minister Eugen Teodorovici said Thursday after a meeting of the Economic and Social Council (CES). "I can tell you clearly that today, ROBOR is at over 3pct, 3.23pct the 3M ROBOR.

PNL MPs notified the Constitutional Court (CCR) on the draft laws on the laws on loan contracts, leasing operations and financial relations in banking field.

The Government will approve under an emergency ordinance a number of tax changes, including an increase from 2 percent to 3.5 percent of the share of the personal income tax that may be allotted to non-governmental organisations and religious denominations, providers of social services accredited with at least a licensed social service, Prime Minister Viorica Dancila said on Thursday.