National Level Inter-Collegiate Commerce Festival

Andhra Loyola College Commerce Department will be organising a National Level Inter Collegiate Commerce Festival from 3rd to 4th september,2007. All the under graduate commerce students are invited to patrticpate in this event. The inagural function starts on 3rd september at 9.00 am. All the participents are expected to regiester before 9.am on that day.

Events:

1. Commerce Quiz (Max. 3 Participants)

2. Group Discussion (Max. 2 Participants)

3. Product Launching (Max. 5 participants)

4. Caes Study (Max. 2 from each team)

5. Personality contest (Max. 2 from each team)

For forther details contact:

1. Mr.N.A.FRANCIS XAVIER, Head Department of Commerce, Andhra Loyola College,Vijayawada-520008.Andhra Pradesh. Cell:09440524321

2.Mr.B.SYAMSUNDAR, Staff Co-ordinator Commerce Association, Andhra Loyola College, vijayawada-520008, Andhra Pradesh. Cell:09849313887.

Commerce Association WINS inter association quiz

Congratulations to Deepak and other members of the commerce quiz team for winning the FIRST prize in the inter association competition conducted by the chemistry association on 3rd august, 2007.

Seminar on Career Opportunities for Commerce Students

Our Department organised a seminar on "Career Opportunities for Commerce Students" on 21 July 2007. Dr. Sesha Mohan elaborated on the opportunities opening up for a commerce graduate.

US Lending Problems: Do they Pose a Systemic Risk

By Scott Lanman
http://www.bloomberg.com/apps/news?pid=20601068&sid=ac9RIF2WhmMo&refer=economy

July 11 (Bloomberg) -- The U.S. Treasury Department's top domestic-finance official and a Federal Reserve governor said investor losses from subprime-mortgage delinquencies aren't posing broader risks to the financial system.

Robert Steel, a Treasury undersecretary, said at a House Financial Services Committee hearing today that the sell-off in subprime securities ``does not seem to be a systemic issue.'' The Fed's Kevin Warsh told the same panel that the losses ``don't appear to be raising, to this point, systemic risk issues.''

The officials spoke amid concern that losses on bonds backed by subprime mortgages, made to the riskiest borrowers, will ripple through Wall Street. Bear Stearns Cos., the fifth-biggest U.S. securities firm, last month was forced to lend $1.6 billion to one of its hedge funds to rescue it from immediate collapse following bad bets on subprime mortgages.

The market ``is going through an adjustment process,'' Steel, a former executive at Goldman Sachs Group Inc., told the hearing in Washington. ``It seems to be happening in an orderly way.''

Warsh, a former Morgan Stanley investment banker, said that ``our overall view is that there are certainly losses, that we might not be at the bottom of this tumult.'' At the same time, ``we don't see any immediate systemic risk issues that are brought to bear,'' added Warsh, a White House aide on financial- markets policy before joining the Fed.

`Very Real Losses'

Subprime mortgages are ``generating very real losses'' for investors, Warsh said without specifically mentioning New York- based Bear Stearns.

At the hearing, the U.S. Securities and Exchange Commission's top market-regulation official, Erik Sirri, said Bear Stearns will likely resolve problems with its funds in an ``orderly fashion.''

Credit Suisse Group analysts this week estimated investors have lost as much as $52 billion amid the sell-off in the $800 billion market for mortgage securities backed by subprime loans. Moody's Investors Service yesterday lowered the credit ratings on $5.2 billion of bonds backed by subprime mortgages.

``The losses that have been felt by hedge funds and other financial intermediaries are certainly forcing them to go back to first principles, revisit their exposures,'' Warsh said. ``What we're trying to do in our supervisory capacity is ensure that they still have adequate cushions, that they still have sufficient capital, so that they can operate robustly.''

Banking Picture

In addition to setting interest rates, the Fed is one of several U.S. bank regulators and was established in 1913 with the goal of mitigating or preventing financial panics.

Philadelphia Fed President Charles Plosser said in London today that most banks remain in ``good shape'' as subprime losses mount. Referring to the ratings cut by Moody's, he said in answering questions after a speech today ``I don't think that was entirely unanticipated. Sometimes I buy a stock thinking it will go up and it doesn't.''

Asked about the possibility of a credit crunch, Plosser said he's a ``little less concerned'' about that happening compared with previous similar incidents.

The House hearing's principal topic was financial-system risks from hedge funds. The private pools of capital that allow managers to share in gains have avoided strict U.S. regulation because they cater to wealthy individuals and pension funds rather than less-affluent investors.

Frank's View

Barney Frank, the Massachusetts Democrat who chairs the Financial Services Committee, said hedge funds pose potential risks to the financial system and that the existing federal regulatory structure may not be adequate to handle them.

``We have a kind of an easy consensus that there is a potential problem here that we wish we were more sure about how to approach,'' he said.

Frank told reporters after the hearing that he planned to hold hearings later this year on rating agencies and the way they graded subprime mortgage bonds. ``Some of them appear to have been overvalued,'' he said.

U.S. financial regulators in February concluded after a review of hedge funds that market discipline, rather than regulation, is the best way of policing risks. Steel reiterated that view today, while noting that the guidelines set by the President's Working Group on Financial Markets were no ``endorsement of the status quo.''

Warsh said in his prepared testimony that said global banks need to make ``further progress'' in managing risks from hedge funds and that the Fed's hands-off regulatory stance doesn't mean the government will be ``passive.''

Under questioning, Warsh said that ``we're not in the business of trying to ensure that there aren't losses but only to ensure there are capital cushions, risk management processes and proper oversight to ensure that those losses don't become systemic.''

ON GOING PROJECT WORK BY FINAL B.COM

DEEPAK JOSE (DO-40), 2.DOMINIC JOSEPH(DO-74) AND 3.ROSHAN RENJITH (DO-56) of final BCom have undertook a project work under the guidence of Mr.N.A.Francis Xavier( Head, Department of Commerce) and G. Sahaya Baskaran ( Lecturer in Physics) on “Different schemes available in the consumer market and Economical plans for various income groups of mobile phones"the service providers so far taken into consideration for analysis of the plans provided by them for the project are: Hutch, Airtel, Idea,Reliance, BSNL and Tata Indicom

Freshers Welcome & Blog Inauguration

We cheerfully welcomed our freshers into our fold by organising a Freshers Welcome today (05.07.07) at 3.30 p.m. in the college Seminar Hall. We also used this occasion to formally inaugurate our department blog. Rev. Fr. Principal graced the occasion as the Chief Guest and inaugurated out blog.

The senior students organised a cultural programme on the occasion. We are posting the pictures.

Welcome To ALC Commerce Department Blog

Inauguration of Department Blog

By

Rev Fr. (Dr) S. Emmanuel,

Principal,

Andhra Loyola College

at 4.00 P.M, 5 July 2007

Welcome to the World of Blogging

The Department of Commerce, Andhra Loyola College (Autonomous), Vijayawada takes this opportunity to welcome our students to the world of blogging. As many of us may be aware, technological change has changed the way we live and work. As students of commerce, we have to understand that technology is frequently deployed by the business world. The adoption of technology by the business world has transformed abstract academic ideas into mass, consumer oriented products. It is in this context that blogging has become one of the fasted growing technological tools in the conduct of business. We hope to provide a forum where our students will be exposed to various technological tools. We would like to encourage our students to use blogging as an additional discussion tool in the pursuit of knowledge. The Department would like the students to actively participate in posting and give us their feedback. We hope this process of interactive interaction would be a small step in the long journey in pursuit of excellence.

Faculty
1. Mr. N.A.Francis Xavier, M.Com, M.Phil (Head of the Department)
2. Mr.Ch.Veeriah Choudary, M.Com.
3. Dr. D.N.M.Raju, M.Com, Ph.D.
4. Mr. B.Syam Sundar, M.Com.
5. Mr. T.Srinivas Rao, M.Com
6. Mr. B.Prabhakar, M.Com, M.Phil.

Commerce Department Association Office Bearers (2007 - 08)
Staff Coordinator: Mr. B.Syam Sundar
Chairman: K. Gangadhar Reddy (DO: 17)
Secretary: K. Rohit Harish Kumar (NO:2)
Joint Secretary: A. Kaspar (AO:76)