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FINANCIAL EXPRESS FRONT PAGE

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Monday, July 26, 1999

No funds for power
Financial institutions (IDBI, ICICI and IFCI) are mega term-lenders, but they are bound by a ceiling on how much they can lend to a particular industry.

Wages of Kargil conflict -- Wither Pakistani economy?
The Kargil conflict has raised certain issues relating to our neighbouring countries. One, the political issue, whose resolution has to be sought through political and diplomatic process.

Improving standards
The sale of Mahindras' stake in Otis is the latest in a series of transfers of shares by Indian promoters to their foreign partners.



  New accounting norms for inventory valuation
  The Index



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