Checked the 50mm/1.4 lens yesterday; there were signs of heavy use; he might had bought it from some road side studio or something. The back cover was missing and there was dust there. I have dropped this option.
I have decided to follow Momin Bh suggestion to go with the cheapest option
The shop from where I bought the camera is not giving me good rate. I cannt give him 1k more every time :-# On the weekend I have to go to Lahore; will try to go one day earlier in evening and visit Chamberlain Road and pick 50mm/f1.8 and the camera bag insha-Allah.
You are right that I will end up eventually buying the flash
Shoping for flash is in the list; there are just two hurdles right now; (a) I dont have the budget this month and (b) I am confused between 430EX-II and the new 320EX. 320EX features a LED for video recording (its not super important for me) and has wireless remote button that can be used to activate the camera. Its a nifty feature I guess; place the camera on tripod and set things up and get multiple snaps by moving around the flash...430EX-II will definitely give more light; question is does 320EX gives sufficient light in usual indoor / fluorescent situations.
//youtu.be/http://www.youtube.com/watch?v=6OeSodne7wA
320EX Remote Button demo starts @ second minute in above video