The Hindu Business Line : Thursday, January 11, 2007

EDITORIAL
The dark cloud of inflation
The failure to ensure an adequate growth of the farm sector and curb the growth in asset prices has been responsible for the breach in the so-called tolerance level of inflation. More

ACCOUNTANCY
Joint holding vs joint ownership
Investors protection must include posthumously held investments More

CONTRA ENTRY
Redundancy in fraud investigation
The Government is looking to revamp the Serious Frauds Investigation Office. But what needs to be debated is the need for such a body at all. More

POLITICS
Laboratories of sad politics
Election after election has shown that the model of politics that thrives Bihar is firmly connected to dividing people along regional, communal and caste lines. Gujarat, Bihar and UP have emerged as the most successful laboratories of such politic s. More

MONETARY POLICY
Is our monetary policy `sound'?
Once in a while, it pays to sit back and judge objectively how instruments of monetary policy are being used. How should "monetary stability" be measured and how well has the RBI delivered on that goal? What effect has 55 years of discretionary monet ary policies had on the purchasing power of the rupee? asks SHANMUGANATHAN N. More

INTERVIEW
Cost audit has a major role in consumer protection
Consumers, in a liberal economy, are vulnerable to practices such as monopoly or predatory pricing. Curbing these practices requires a harmonised and authentic cost database. More

LETTERS

Tax exemptions

Scientific temper

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Laboratories of sad politics

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