The balance sheet shows the cash flow as on 31-03-08. The notional figure cannot be a real one as on date which would have also made them to think it, as a wise step to slip this good buy. What I want to impress here is ,let us not assume too many things till the second Qr.figures are out. Let the new comers be not scared nor carried away with any false impressions.
v.krishnamoorthy...

Six months minimum interest is meant for loans on LIC policies.
...

The loan availed is certain for six months and hence the loan should be repaid with six months interest, even if it is repaid on the next day. In bank OD on FDRS actual days are charge for interest. Corrections are invited.
v.krishnamoorthy...

NaturalNews) The comptroller general of the United States says the nation is on the path to financial ruin unless the American public tells Washington to change its ways.
David M. Walker, head of the General Accountability Office, or GAO, is the nation`s top federal accountant. With the voting season now in full swing as November approaches, candidates from both major political parties are talking up the standard issues that energize the public and encourage discussions, but no candidate appears to be talking about the state of the nation`s fiscal prospects.

"This is about the future of our country, our kids and grandkids … we the people have to rise up to make sure things get changed," says Walker.

Walker said the challenges facing the nation were severe as the federal government continues to fund operations by borrowing foreign money. He also warned of the coming effects on the economy as the "baby boomer" generation begins retiring, calling it a "demographic tsunami" about to wash ashore.

"He can speak forthrightly and independently because his job is not in jeopardy if he tells the truth," said Isabel V. Sawhill, a senior fellow in economic studies at the Brookings Institution. Walker`s term ends in 2013, as he is serving a 15-year term as the comptroller of the U.S., so he has one of the most secure jobs in Washington. That fact frees him to be candid about the state of the nation`s economy.

"You can`t solve a problem until the majority of the people believe you have a problem that needs to be solved," Walker says.

Mike Adams, a consumer advocate, adds that "The U.S. national debt is the 800-pound gorilla hiding in the economic closet … no one wants to talk about the national debt, and no politician who talks about reducing it will ever get elected. The U.S. public has lost any appetite for fiscal restraint and seems intent on driving this economy into total debt collapse."

Just quoted for your attention. Will our CAG express his voew so clearly/ Will our misnisteres tell the true status of our fiscal crisis.

satyameva Jeyathe may be the quote. But basically we are currupt to the core. Only the walk may be different.
v.krishnamoorthy...

NaturalNews) The comptroller general of the United States says the nation is on the path to financial ruin unless the American public tells Washington to change its ways.
David M. Walker, head of the General Accountability Office, or GAO, is the nation`s top federal accountant. With the voting season now in full swing as November approaches, candidates from both major political parties are talking up the standard issues that energize the public and encourage discussions, but no candidate appears to be talking about the state of the nation`s fiscal prospects.

"This is about the future of our country, our kids and grandkids … we the people have to rise up to make sure things get changed," says Walker.

Walker said the challenges facing the nation were severe as the federal government continues to fund operations by borrowing foreign money. He also warned of the coming effects on the economy as the "baby boomer" generation begins retiring, calling it a "demographic tsunami" about to wash ashore.

"He can speak forthrightly and independently because his job is not in jeopardy if he tells the truth," said Isabel V. Sawhill, a senior fellow in economic studies at the Brookings Institution. Walker`s term ends in 2013, as he is serving a 15-year term as the comptroller of the U.S., so he has one of the most secure jobs in Washington. That fact frees him to be candid about the state of the nation`s economy.

"You can`t solve a problem until the majority of the people believe you have a problem that needs to be solved," Walker says.

Mike Adams, a consumer advocate, adds that "The U.S. national debt is the 800-pound gorilla hiding in the economic closet … no one wants to talk about the national debt, and no politician who talks about reducing it will ever get elected. The U.S. public has lost any appetite for fiscal restraint and seems intent on driving this economy into total debt collapse."
(the quote was incomplete. so reproduced-sory very much.)
v.krishnamoorthy...

Dear Mr.Prashant ptp,
Even today the signals are not good for a positive trading in Indian Markets. This is only my personal view as I just returned from the brokers shell, where not a much noise was made.

Dow falls 508 as panic takes over Wall Street
The Dow tumbles more than 5% in part because of Fed boss Bernanke`s gloomy economic outlook and continuing stress on financial companies.

The Nasdaq loses more than 100 points, and the S&P 500 drops below 1,000 for the first time since 2003.

Stocks fell to their lowest levels in five years today as fears grew about the global banking system`s ability to survive the worst credit crunch since at least World War II.

The Dow Jones industrials fell 508 points, or 5.1%, to 9,447. The Nasdaq Composite Index fell 108 points, or 5.8%, to 1,755, and the Standard & Poor`s 500 Index was off 61 points, or 5.7%, to 996.

Today`s close was the Dow`s lowest since Oct. 2, 2003; it`s down about one-third since peaking a year ago.

The Nasdaq`s close was its worst since August 18, 2003, and the S&P`s decline was its worst -- and its first close under 1,000 -- since Sept. 30, 2003.

Take your own cue for todays trading. I am a student of actuary. Retired from LIC of India ten years back, residing in USA. As on date the politics do not take the economics into account for placing it to the public`s attention. But the foreclosure action taken by some banks speedily has sent waves of resentent.Fed action is not appreciated by the public as one or two in a street is thrown out of job and the cires of the family is widely heard. Only the auditor general of America is a topic for little discussion when some in the brokers premises are interested to exchange comments. I shall try to post the excerpts. This borad nor the board members are widely interested to talk. The need for incresed deposit insurance cover for bank deposits are felt very much, as many feel that the Govt. will take care. If that is the fact why they offer one lac limit of deposit insurance cover for bank deposits. For the next three days , people will be busy with something else religiously. Perhaps, I can wish to see the ray of hope on Monday next.
v.krishnamoorthy
Here in US things will be as it is. It took ten days for the Anxiety index to cross Atlantic. As there are very small countries in europe, there is no concerted action to save UK- pounds or EURO.
v.krishnamoorthy...

Dow falls 508 as panic takes over Wall Street
The Dow tumbles more than 5% in part because of Fed boss Bernanke`s gloomy economic outlook and continuing stress on financial companies.

The Nasdaq loses more than 100 points, and the S&P 500 drops below 1,000 for the first time since 2003.

Stocks fell to their lowest levels in five years today as fears grew about the global banking system`s ability to survive the worst credit crunch since at least World War II.

The Dow Jones industrials fell 508 points, or 5.1%, to 9,447. The Nasdaq Composite Index fell 108 points, or 5.8%, to 1,755, and the Standard & Poor`s 500 Index was off 61 points, or 5.7%, to 996.

Today`s close was the Dow`s lowest since Oct. 2, 2003; it`s down about one-third since peaking a year ago.

The Nasdaq`s close was its worst since August 18, 2003, and the S&P`s decline was its worst -- and its first close under 1,000 -- since Sept. 30, 2003.

Take your own cue for todays trading.

V.Krishnamoorthy...

Six months minimum interest is meant for loans on LIC policies. ...

Leave it, Dear Krishnamoorthy, We all talk about US, as it seems to transaparent, not like India where politicians play all the games in each and everything. We do not want to see a capable man handling critical and important affairs but he should be somebody from a particular caste or SC/ST etc. The quota system (it is nothing but a vote bank politics) is eating out what it should have been protected. In US, the system revolves on 2 parties. Bush ruled for 8 yrs. Now it may be Obama. No change there from this 2 parties. In India, a single MP of a particular party can hold things to his whim and will. We look for caste representation and not capable administrators. And this is not going to change. A mess created by the great V P Singh for political advantages. Here the winners become ministers and losers will become governors, charmen of PSU units and loyal babus become ambassdors. What else you want! Financial wizards eatern out US economy. The govt has surrendered before them and 700 Bn from the treasury is being looted to save the system. That seems to be so little. Here our political stalwarts offered loans to each and everybody. Now the govt is waiving it. Everybody pays tax, directly and indirectly too. And the govt loot it in different names to attract the public. And the public is bearing all the losses! knair...

NaturalNews) The comptroller general of the United States says the nation is on the path to financial ruin unless the American public tells Washington to change its ways. David M. Walker, head of the General Accountability Office, or GAO, is the nation`s top federal accountant. With the voting season now in full swing as November approaches, candidates from both major political parties are talking up the standard issues that energize the public and encourage discussions, but no candidate appears to be talking about the state of the nation`s fiscal prospects. "This is about the future of our country, our kids and grandkids … we the people have to rise up to make sure things get changed," says Walker. Walker said the challenges facing the nation were severe as the federal government continues to fund operations by borrowing foreign money. He also warned of the coming effects on the economy as the "baby boomer" generation begins retiring, calling it a "demographic tsunami" about to wash ashore. "He can speak forthrightly and independently because his job is not in jeopardy if he tells the truth," said Isabel V. Sawhill, a senior fellow in economic studies at the Brookings Institution. Walker`s term ends in 2013, as he is serving a 15-year term as the comptroller of the U.S., so he has one of the most secure jobs in Washington. That fact frees him to be candid about the state of the nation`s economy. "You can`t solve a problem until the majority of the people believe you have a problem that needs to be solved," Walker says. Mike Adams, a consumer advocate, adds that "The U.S. national debt is the 800-pound gorilla hiding in the economic closet … no one wants to talk about the national debt, and no politician who talks about reducing it will ever get elected. The U.S. public has lost any appetite for fiscal restraint and seems intent on driving this economy into total debt collapse." (the quote was incomplete. so reproduced-sory very much.) v.krishnamoorthy...

In present scenario, we have to accept everything with strong hearts. Everyday something new happens in negative territory. regards shakti...

Hello Mr.V.Krishnamoorthy, 1st of all Thanx alot to provide us good info related US Econo. n the Big Banks Fall, I juzz thinking is this the end of World Leader Us? at current situation, how much worlds money they r carrying?? is till there elections finish n wats the surety new Govt would solve all Economical Issues heading up?? Hence we r watching, before pass out Bail out package Dow was recovering, or can say trying to recover, but the most impo thing have u seen, after pass out this package Dow n NASDAQ r juzz running back, fast, Y?? What does it mean?? Is Govt approved the Economic Fall of United Stets Of America, isn`t any false or artificially created thing, its really happening here, so Dear investors of The Great US u can run away frm markets...!! Have u seen the everyday falls above 300 points of Dow?? N most impo thing is here Y This Is Happening with US?? Some major reasons r (all r as my study, kindly note it), US`s Major Profit making Weapon Shopping Center is not getting customers?? Y no Customers?? Coz Citizens r panic,At WTC there was almost everyone`s someone was got killed (based on Population Density of US) they dont want mess with Fool n Unliterate ppl belongs to Africa, especially Arabian n Muslim countries, so they r apposing Govt to shut their Business, which is becoming fetal for them? So science 9/11`s matter Govt is become helpless (N finely they loosed their seats.) Now Govt must thinking how to run all Weapons R&D, N what abt the huge investments did before on Big projects?? Who has invested in these Weapon Manufacturing Units?? Obviously Local Big Banks n Govt is the Guarantor, So paying money them back. US Citizen is not willing to pay Taxes?? No they will pay happily, but if Govt will not make new enemies, N wats the Employment data shows?? The figure`s r increasing?? Y if the young generation is not willing to do any kind of work, they only wants to enjoy how it`ll decrease?? Worldwide everything was fine, everyone is doing his work (Everyone was getting work) who wants to get frustrate n wants to buy weapons?? So there is nothing happened in world, there is no major earthquake, no tsunami, no world war, what does it shows, when all world is running well US falls?? Sir, I`m not good in economics but Do u really think, after elections of US the situation will be fine?? N how much every Investor (expect US) should beleve on US n wait for there repairing work?? Other strong countries couldn`t take chance to be Leader?? We r not that willing n attitude, do u think China wont use this chance to chase others? Pls reply some of answers Regards Prashant...

The face value of the share is Re.1 and the total dividend paid for the year 2007-2008 is 50% (0.50p per share)...

MSGF is a close-ended MF schme for 15 years. The 15 years are coming to an end on 18-2-2009 on which day the units can be redeemed. However they have filed papers with SEBI to make it open-ended like any other MF scheme. From 18-2-2009 Morgan Stanley will buy back and sell units directly. Because of this listing in the Stock Exchange will be discontinued. The NAV gives you the value of the units whereas the market price as of now is less than NAV. There is arbitrage opportunity apprently, but in a falling market it is risky. I hope the position is clear. The NAV had gone upto Rs.76 and the market price had gone upto Rs.73 earlier when the market was booming. Srsarma...