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FINANCIAL EXPRESS FRONT PAGE

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Monday, June 28, 1999

Tax implications for expenditure on employee welfare activities
Most corporates with a progressive philosophy are inclined to set aside a part of their earnings for the promotion of employee-welfare.

Capital adequacy ratios and economic growth
How are banks maintaining their capital ratios? And should this matter for the economy? The decision rests, largely, on where they expect the economy to take them.

Not quite win-win
After the onion crisis, the government is taking no chances. It is allowing imports to pour in -- of edible oils, sugar, and even wheat in which a bumper harvest has been gathered.



  Restructuring of family-owned firms
  The Index
  Insurance blues



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