Well-off Iranians not to receive subsidy: Iranian official

TEHRAN, Nov. 13 (MNA) -- Iran planned to exclude wealthy Iranians of receiving subsidies in the near future, said Iran`s deputy economy minister as well as the head of the subsidy reform headquarters. “We will concentrate in the coming months on removing subsidies of those strata of the society who do not need cash payments according to the law,” Mohammadreza Farzin told . We are currently working to identify the wealthy people who have been registered by relevant organizations, he added. The subsidy reform plan, launched in December 2010, allows the Iranian government to gradually slash subsidies on fuel, electricity, and certain goods over the course of five years, with low-income families being compensated with direct cash handouts.