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Tuesday, August 17, 1999

Funding elections
No political party holds sway over the polity. A coalition government at the Centre can only be replaced (in the foreseeable future) by another coalition.

Of risk and rating
The Deshmukh Committee recommendations on mutual funds stress that mutual funds are basically risk diversification instruments and the regulator must ensure that all players in the industry meet this objective.

Japan's economic restructuring hits new hurdles as jobless rate rises
Official statistics released recently show that the seasonally adjusted unemployment rate in Japan reached a new record high of 4.9% in June.


Corporate Results


  CBDT can lend sanity to Income-tax Act
  Provision for bad debts can be allowed as deduction



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