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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: ratan lal who wrote (7829)	10/6/1999 4:08:00 PM
From: JPR	Respond to of 12475

Ratan: The latest score for BJP and Associates: 279 The India Missile "AKASH" was tested successfully and specially designed to whup the Pakis out of the sky. Vajpayee promises that the long-range missiles development would push forward NEW DELHI, Oct 5: India on Tuesday successfully test-fired a surface-to-air missile, the second such launch in five days, defence ministry officials said. The Akash (Sky) missile, which has a range of 25 kilometres was fired at a locally-built unmanned spy aircraft from a testing range in the eastern state of Orissa, they said. Akash, which has been tested 31 times in the past nine years, has the capability to strike several targets simultaneously, they said. The missile can carry a payload of 55 kilogrammes. "Although a similar test was conducted on Sept 30, today's launch was meant for some exclusive purposes," a defence ministry source told the Press Trust of India without elaborating. The stepped-up missile tests are a part of India's ambitious programme to build a full rack of guided missiles including the ballistic missile series of Agni (Fire), which can carry nuclear warheads. Indian Prime Minister Atal Behari Vajpayee in August said India would push ahead with its long-range missile projects despite international opposition, mainly from the United States.-AFP

To: ratan lal who wrote (7829)	10/6/1999 4:25:00 PM
From: Mohan Marette	Respond to of 12475

Mood's raises India outlook Ratan: Good thing too, Desi stocks will climb and I ain't complaining either.:) ============================= Moody's revises India rating outlook (Press release provided by Moody's Investors Service) NEW YORK, Oct 6 - Moody's Investors Service has raised the outlook to positive from stable for India's Ba2 ratings on foreign and domestic currency debt. Moody's pointed out that the country's balance of payments were resilient through the Asian/Russian crises, as well as through the international sanctions that were imposed following India's May 1998 nuclear tests. In addition, the external debt maturity structure improved and foreign reserves strengthened in recent years, reducing the country's vulnerability to external shocks. A stronger consensus has emerged across the political spectrum concerning the necessity for structural economic reform, although frequent political upheavals since 1996 have interrupted legislative advances and policy implementation. In Moody's opinion, the new government that emerges from the latest election is likely to stay in office longer than its recent predecessors even though its margin of victory appears to have remained quite small. A longer-lasting government would be able to undertake a more aggressive economic restructuring during its term of office. The economic recovery that has been underway since the start of the year appears to be linked to domestic factors, such as the restructuring of private enterprises and a marginal upgrading of infrastructure, as well as recovery in the Asian and European export markets. Moody's also said that Indian business confidence now seems less affected by political instability than in previous years. The agency emphasized that the structural weaknesses of the Indian economy -- including chronic fiscal imbalances and the consequent need to maintain tight monetary policy, public sector inefficiency, infrastructure shortages, and low productivity -- remain profound constraints on India's ratings. Inflation has been artificially subdued this year because of the delay in raising administered prices. As a consequence, a backlash could ensue when adjustments are taken to reduce the burden of subsidies on the budget. Over the next 18-24 months, Moody's will closely monitor the new government's ability to develop a coherent, growth-oriented macroeconomic framework without succumbing again to narrow political schisms. biz.yahoo.com

To: ratan lal who wrote (7829)	10/6/1999 4:35:00 PM
From: JPR	Read Replies (1) \| Respond to of 12475

Ratan: It was an an innocent and grandfatherly peck on the cheek. U would say " So What is the problem?". "Not so" say the pakistanis. They have been politely advised to see psychiatrists. The problem is that Pakistan does not have that many psychiatrists. Khuswant Singh placed a discreet peck on the left cheek of the granddaughter of his friend and college mate. The pakistani High commissioner is the father of the pecked girl, who wore dark hair and a receptive smile on her face. Pakistanis immediately saw lust in the innocent and grandfatherly peck on a pakistani woman. The Pakistanis, went into collective psychosis and denounced the peck as "highly objectionable" and rendered a judgement on all pakistani women saying that it had lowered pakistan's head in shame. Hope the pecked girl is safe, when she returns to Pakistan. Hope she does not have to go into hiding. JPR