The Hindu Business Line : Thursday, June 21, 2007

EDITORIAL
Caution on futures
Artificial deals in derivative instruments are more in quest for tax arbitrage than to distort the market process. More

ACCOUNTANCY
Importance of risk capital
Instead of subjecting current shareholders to `high-risk, high-return' strategies, corporates should be allowed to look for investors with the appetite for such risks... More

Effective audit committee can ensure financial reporting quality
With regard to quality of the work done by the auditor and rules relating to his independence, Clause 49 has surprisingly not dealt with this subject matter at all, even though it can have a deeper impact on the quality of financial reporting. MR NAVIN AGRAWAL, DIRECTOR, ERNST & YOUNG INDIA. More

POWER
POWER GENERATION
Power challenges for the developed world
A key message of the OECD report "Tackling Investment Challenges in Power Generation in IEA Countries," is that the growing demand for energy, coupled with the need to replace ageing infrastructure, creates significant investment requirements in powe r generation. G. SRINIVASAN says its findings should prompt some introspection among policy-makers in India. More

BANKING
Stock-taking on financial inclusion
The majority of India's population in the urban, semi-urban and rural areas is still under-served by the banking industry. Bold initiatives are needed to bring these areas into the financial mainstream. More

GENDER
Women and management
Gender issues have caught the attention of the corporate world. Part of a broader concern with women's rights and privileges, they have led to the formulation of policies to acknowledge and assign them their ... More

IPOS
Non-merit subsidy to companies
Companies cannot blithely collect whatever premium they want without worrying about recompense for the suppliers thereof. More

BOOKS
REIT rhymes with `sweet'
You don't have to be a multi-millionaire to own "a piece of property in New York, Paris, Tokyo, Sydney, or even Seoul or Kuala Lumpur," assures Dominic Whiting in Playing the REITs Game (www.wiley.com). Yes, the secret `real' key ... More

LETTERS

Diversity in the private sector

Unjustified exclusion

Comments & Letters to the Editor to: bleditor@thehindu.co.in
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