Wednesday, June 19, 2024

Tag: HPR

Draft bill obligates banks to secure timely deposit of pension funds

A draft bill presented to the House of Peoples’ Representatives (HPR) sets to impose on banks and related financial institutions a duty to deduct/transfer from accounts of private organizations that collect pension from their employees but fail to deposit the money timely to the Pension Fund.

HoF to directly involve in disputes without request

The House of Peoples’ Representatives (HPR) approved a revised law that grants the House of Federation (HoF) the right to directly involve in resolving inter-state or Federal-State government disputes and misunderstandings, without the request of parties to a conflict.

Partners’ reluctance leaves gov’t with domestic borrowing

The Government changed its financial sources for its supplementary budget to domestic borrowing, following international development partners’ reluctance to inject the money as promised.

House endorses designation of TPLF, Shene as Terrorist groups

The House of Peoples’ Representatives (HPR) endorsed a resolution passed to it by the council of Ministers designating the Tigray People’s Liberation Front (TPLF) and Shene as terrorist organizations.

DBE lifts 20 percent payment request on leased property

The Development Bank of Ethiopia (DBE) lifted the requirement for businesses to pay 20 percent of the total worth of a leased property.

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