Kangleimaichou

When the Covid-19 pandemic created an acute shortage of semiconductor chips, the world waited helplessly. It also gave countries a chance to reflect on how their overreliance on a single supply chain could be devastating. Then a heightened geopolitical tussle between China and the US and the ongoing war in Ukraine have given us a clearer picture of how the war for ‘brains of electronics’ will be played out. During the last half century, semiconductors have made electronic devices smaller, faster, and more reliable. Perhaps a war over semiconductors could happen. Why? If you are reading this on your smartphone, perhaps you know the reason.  We need semiconductors in washing machines, refrigerators, cars, and almost everything. So do more complicated things, such as ships, planes, and rockets for outer space. Moreover, the ongoing Russia-Ukraine war has demonstrated that they are essential in precision-guided bombs, missiles, drones, fighter jets and naval vessels. In other words, th...

  When considering renting a property, factors such as location, budget, facilities, furniture, interior decor, and maintenance are crucial. One of the key considerations for tenants is choosing between a furnished and unfurnished property. Because the difference between the two is between a house and a home. A fully furnished flat includes all the main appliances, bathroom fixtures, carpets and curtains or blinds, as well as essential furniture such as sofas, armchairs, dining table and chairs, beds, wardrobes, and drawers.  Proper furnishing can instantly enhance the appeal of a property, creating a welcoming home for tenants. Imagine being a tenant arriving in a new town with only suitcases, and finding a home where you can simply unpack and start living. What you need next is grocery shopping and bringing home some flowers. As a property owner, envision sharing photos of these well-furnished rooms on social media, effectively marketing your property. According to the 2021-...

With over two thousand years of history, London remains one of the world’s major centres. This ancient city, once known as Londinium, is a melting pot of culture, rich heritage and tradition. From royal palaces and monuments to bustling high-street markets and fashionable neighbourhoods, there’s something for everyone in London. Its significance resonates with the sentiment expressed by the writer Samuel Johnson, who described it as, "When a man is bored with London, he is bored with life, for there is all that life can offer."  London's iconic status can be attributed to various factors. According to a study by city rankings firm QS Quacquarella Symonds, London is still the best city to study in the world, thanks to world-class universities such as Imperial College. The finding goes on to say that despite scoring low on affordability and being rated as ‘unfriendly’ for international students and ‘understandable’ for graduate career opportunities, the capital maintained i...

With entry into newer areas of financial services and products, the Non-Banking Financial Company (NBFC) sector has witnessed phenomenal growth in terms of size and operations. The evolution has necessitated control functions such as internal audits to meet stakeholders’ expectations and stay attuned to the evolving risk landscape. An independent and effective internal audit function is of utmost importance to all NBFCs to mitigate risks. In late 2021, internal audits in the NBFC sector came under the spotlight when the RBI issued a circular on Risk Based Internal Audit (RBIA), mandating implementation of the RBIA framework by March 31, 2022, for select NBFCs with an asset size of Rs 100 crore and above. The circular is seen as an indication that the regulator is taking a stringent attitude towards risk management and audit. Given the uncertain economic environment, which has put significant pressure on the debt servicing capabilities of corporations and businesses, the need to critica...