The Standing Committee on Budget discussed on Tuesday a draft law on personal income taxes, amending the business tax code, 2012 Human Development Fund allowances, and the Development Bank (DB).MP D.Baldan-Ochir raised questions about the bank’s loans and projects.Finance Minister

On Tuesday, President Ts.Elbegdorj received France’s ambassador to Mongolia, Jean-Paul Dumont, who is leaving his post after more than two years.Dumont noted that France appreciated the president”s proposals and initiatives, and that he was satisfied with the strengthening of democracy

On Tuesday, the Standing Committee on Economics discussed monetary policy for 2012. The committee decided to submit the policy to Parliament.Parliament has already decided to trim more than MNT 1 trillion from the 2012 budget. Mongol Bank hopes the cuts

Wednesday is the deadline for Parliament to pass the 2012 state budget. In its afternoon session, Parliament will discuss the budget for the fourth time, and is expected to approve it. During its third discussion of the budget, Parliament reduced

Mongolia’s National Emergency General Board (NEGB) and the Australian Red Cross signed an agreement on Tuesday to increase cooperation. The agreement was signed by NEGB deputy chief D.Namsrai and the Australian Red Cross’s Sean Hazelden.Under the terms of the agreement,

The German high-technology trade association VDMA, or German Engineering Federation, is organizing an international exhibition with the assistance of the Mongolian government in the Buyant-Ukhaa complex from May 16 to 19, 2012. The event is intended to promote stable economic

According to an Inner Mongolian newspaper, Mongolia imported 4,013 motor vehicles worth USD 136 million through the Ereen border point in the first three quarters of this year. That’s a 216 percent increase over the same period in 2010.The newspaper

The State Specialized Inspecting Agency (SSIA) recently inspected the Employment Support Foundation (ESF) and MNT 152.1 million was found to have been embezzled. The SSIA inspected the ESF’s records for 2010 and the first half of 2011.SSIA Chief R.Sodkhuu is

Managing officials of the Confederation of Trade Unions appealed on Tuesday to employees of state organizations to intensify their demand for salary increases in the 2012 budget proposal. They said that the Government must increase salaries before March 2012.CTU President

Parents of disabled children held a press conference on Monday to raise awareness of the problems faced by disabled children in Mongolia.The parents said that, while official state policy gives disabled children the rights to health and education services on