The law allows the government to gradually slash energy subsidies over the course of five years, with low-income families being compensated with direct cash handouts.



President also said the government would deposit the second installment of the payments into people's accounts by March 20.



He stressed that nowadays, Iran's economy is among one of the most successful economies in the world and an evidence of this is Iran's stock market activities which has been acknowledged as one of the most active markets in the world.



Dr.Ahmadinejad said: “The sanctions have no effect on Iran's economy, adding that in a world with close economic competitions sanctions has no meaning.



He said that because of the sanctions, prices in one or two cases may increase a little, but, because of country's self – sufficiency in production and supply, prices will decrease and the issue will be eventually in favor of the country's economy.



President Ahmadinejad added: “The sanctions show their anger with Iranian nation, but, finally, it causes more determination of Iranians to work harder, so the sanctions have had no cost for Iran's national economy.



Referring to necessity of participation in the world management, Dr. Ahmadinejad said that, undoubtedly, today without participation in the world management nobody can administer even a village and all affairs are related to each other.



In the live TV interview, the president said that human vision has changed a lot and now everybody believes that all nations have the right for management and can express their views.



He said that developments are happening in the world and reality is that the ruling system of the world is an inhuman and capitalist system which has killed all talents and has stopped nations' progress.



Destruction of cultures and human thoughts are consequences of current world system, Dr. Ahmadinejad added, and this is a modern dictatorship, which has all characters of dictatorship and is in contradiction with divine traditions and nature of human beings.



He continued that Islamic revolution has awakened all nations and now is spreading all around the world.