The Hindu Business Line : Thursday, December 28, 2006

EDITORIAL
A solution for Singur
The Bengal Chief Minister has set the tone for some intense back-channel diplomacy that could resolve the land issue. More

ACCOUNTANCY
Cost uncertainties of nuclear plants
Controversies about nuclear vs. coal-fired technology aside, the more pertinent issue is comparative costs between the two, especially the hidden future costs. More

POLITICS
BJP fires first salvo in the battle for Lucknow
The BJP has opened the battle for the UP Assembly by going back to its Hindutva mantra, which might send the Congress and the Left seeking the Muslim vote. The principal players — Mr Mulayam Singh's Samajwadi Party and Ms Mayawati's Bahujan Sam aj Party — are yet to show their hands. More

FOREIGN INSTITUTIONAL INVESTORS
Foreign Investment Flows — Caution must be the watchword
The Government is keen on foreign investments but it must monitor these flows carefully as they can upset the country's stock market. Citing the recent Thailand experience, R. VAIDYANATHAN advises vigilance in attracting FII funds. More

INTERVIEW
`Due diligence is the business of common sense'
Investors are responsible for whom they choose to invest with. Red flags can be waving in the faces of people but they are convinced that the investment is good because they want to believe the hype about the amazing returns over a short period of ti me. There is no one as blind as he who will not see. — MR BRENDAN HEWSON, PRINCIPAL OF GLOBAL RISK ADVISORY SERVICES More

BOOKS
We thrive on finding loopholes
What is our national trait? `Defection,' declares V. Raghunathan in Games Indians Play, from Penguin Portfolio (www.penguinbooksindia.com). Another shared trait is `looking for loopholes in practically every law or system,' he rues. ... More

LETTERS

Higher education

`Jaikisan'

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High-end segment growth drives consumer electronics in 2006

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Looking back
Dec. 17-Dec. 23
`For Japan, India is a first mile investment'