CPI up 0.3% in March
Minister Eli Yishai said he would adopt the recommendation of the committee he appointed.
Minister of the Interior Eli Yishai announced this morning that the professional committee he appointed to examine the question of daylight saving time recommends extending it, but by less than two weeks.
The committee was set up following widespread public criticism after daylight saving time ended in September, when summer temperatures were still at their height, and a long time before daylight saving time ended in Europe and the US, causing damage to the economy estimated in the tens of millions of shekels.
"The committee's recommendation was unanimous, and it invested a great deal of time in studying the matter," Yishai said in his opening remarks. "The committee recommended that daylight saving time should last 193 days instead of 180 days. It will end on October 1 every year, and resume at the end of March. According to a survey by the Dahaf Institute, 46% of the public do not want to extend daylight saving time. They want to leave things as they are, or even to shorten daylight saving time. That is surprising. I myself like daylight saving time."
The committee set up by the interior minister received recommendations from the public and heard representations from different sections of the population. Among the considerations were the Yom Kippur fast and economic issues raised by industrialists. The committee presented a 200-page report.
Yishai said he would adopt the committee's recommendations in full. "The committee was completely independent," he stressed.
This means that daylight saving time will last 193 days and standard time 172 days. For the sake of comparison, in the US, standard time lasts a little over four months.
Published by Globes [online], Israel business news - www.globes-online.com - on June 6, 2011
© Copyright of Globes Publisher Itonut (1983) Ltd. 2011
You comment was recieved and soon will be published.
Thank you for posting your comment, which will be reviewed for publication.
Load more comments
The index reading is a surprise, as analysts had estimated March inflation at 0.1%.
Lapid seeks NIS 1b for Holocaust survivors
This budget is on top of the NIS 835 million allocated over the next five years.
Abramovich books entire Israeli hotel for Passover
"Daily Mail": Roman Abramovich booked 111 rooms in Mitzpe Ramon's Beresheet Hotel.
Govt set to approve food imports reform
Israel will adopt EU regulations, making imports of non-sensitive foods cheaper.
Regulator to move against price gouging monopolies
New Antitrust Authority guidelines define anti-competitive pricing.
Matza exports down 14%
Israel exported matza to 45 countries in 2013, including Azerbaijan, Kenya, and Sri Lanka.
"Globes"-Dun's 100 - Tel Aviv Israel's most prosperous city
Tel Aviv-Jaffa is Israel's most prosperous city in 2013, followed by Rishon LeZion, and Haifa.
IMF predicts higher growth, unemployment for Israel
The IMF predicts 3.5% GDP growth and 6.5% unemployment for Israel in 2015.
Banks supervisor worried about mortgage crisis
A recession like the one in 2002 would cause 23,000 families to struggle to meet payments.
Moshe Kahlon returning to politics
Kahlon told "Yediot Ahronot": Likud has folded the social policy banner.
Comptroller slams gov't failure on nutrition security
In 2011, 900,000 Israelis could not afford to eat properly.
Real wages fall
The average real salary fell by an annualized 0.3% in November 2013-January 2014.
Treasury plans zero import duty on cheese
The step will greatly reduce prices of imported cheeses.
Israel's fiscal deficit continues to narrow
Tax collection from real estate and the capital market rose sharply in March.
BoI warns of home price volatility
The Bank of Israel is worried that the zero VAT plan will lead to volatility in the housing market in the coming months.
Water Authority tells water cos to cut tariffs
Municipal water companies must submit streamlining plans to the Water Authority.
"You can't teach entrepreneurship"
Angel investor Zohar Gilon relies on his own judgement rather than due diligence when selecting investments.
If Rose Fostanes played basketball
Reforms in regulations for foreign caregivers are welcome, but don't go far enough.
Antitrust Authority disappoints on gas competition
The only new company that will compete against Tamar and Leviathan will own less than 8% of Israel's proven gas reserves.
When innovation means a refrigerator
Jamshyd Godrej believes economic development in India must go hand in hand with environmental and social awareness.
Prof. Zvi Eckstein supports NIS 3.30-3.40/$ floor rate
The former deputy Bank of Israel Governor is the first senior figure from the financial system to advocate a floor rate.
2013 boom year for Israeli high-tech
In the first half of the year, there was a 52% rise in demand for mobile and web developers, and salaries are up as well.
Strong shekel forces Israeli manufacturers abroad
Israeli manufacturers tell "Globes" they are losing money due to the current strength of the shekel.
"Ending QE3 will harm the economy"
Prof. Richard Clarida will tell "Globes" Israel Business Conference that the main risk to the US economy is its political system.
Israel offers favorable tax regime for companies
"Globes" and Baker Tilly Israel accountants found Israel's tax benefits are among the most attractive in the West.
Slowdown will worsen
The vested interests that continue to claim that the economy is improving are deceiving the public, says Eyal Horowitz.
Can the US maintain growth after QE3?
Leading economists will discuss "The US: catch 22 the zero interest rate" at the "Globes" 2013 Israel Business Conference.
"The worst could still be ahead in Europe"
Prof. Charles Wyplosz will discuss Eurozone recovery at the Globes Israel Business Conference on December 8-9.
"Let capital pipelines function to full potential"
Amir Bramly argues that limited investment supply is stifling small and medium Israeli companies.