“Words like accountability and transparency must be more than just political buzz words. We must back that up,” said Deputy Prime Minister and Minister of Finance Peter Turnquest at Institute of Internal Auditors (IIA) Week-Bahamas Chapter luncheon held at Luciano’s of Chicago. Turnquest revealed that the whole idea of internal auditing is so timely as the government tries to ensure transparency and accountability to reduce the instances of abuse and fraud in government spending. The government has stated that its aim is to improve processes and identify and ‘weed out’ bad practices and weaknesses in the overall system. The minister…
Author: Loknath Das
Ask entrepreneurs in the UAE what they most need to upscale their business and the majority are likely to say finance. Sourcing finance in the early stages of growth is fundamental in taking a company to the next level. It helps business owners to avoid cash flow problems and barriers to expansion. There are numerous finance options available in the UAE, including bonds, sukuks(Islamic bonds), loans, syndicated loans and murabaha (Islamic loans), but understanding the distinctions between them can be confusing, especially for entrepreneurs without in-depth knowledge of business funding. This, together with banks’ reluctance to lend to startups and SMEs following a…
Cholamandalam Securities’ research report on Repco Home Finance RHFL’s loan book grew at moderate rate (10.3%YoY, 3.9%QoQ) to INR 99bn on the back of higher disbursements (27.7% YoY, 29.2% QoQ). In 4QFY18, Sanctions grew by 32.2% YoY (19.4% QoQ) which poses healthy loan growth trajectory for coming quarters. The management expects loan book to grow by ~20% in FY19E (15% growth in TN and 20-25% growth in ex-TN regions) and disbursements by 35-36% in FY19E. Growth in loan book was led by salaried segment (18.8%YoY). Non-salaried segment witnessed a moderate growth of 4.6% YoY. Consequently, their share in overall portfolio stood…
Social media has become so ingrained in our culture that it is being used to connect people across continents, bully people as faceless users and stir the pot in politics. In order to help those who are not as obsessed with social media as me, I thought I would give a rundown of some larger social media apps or sites so everyone can at least have some broad knowledge. Facebook Facebook is the starting point for many people when they think of social media. Facebook has been around for years and you can friend people from your high school class…
It might not seem like it at first, but I’m an optimist. I don’t think we have to throw the whole digital world away. But there is one particular hi-tech thing that is toxic even in small quantities. The issue isn’t only that internet users are crammed into environments that can bring out the worst in us, or that so much power has concentrated into a tiny number of hands that control giant cloud computers. A bigger problem is that we are all carrying around devices that are suitable for mass behaviour modification. For example, with old-fashioned advertising, you could measure whether…
Reliance Jio Vs Airtel Vs Vodafone plans: A number of affordable plans are offered by the three telecom giants. Cheapest recharge offers by Reliance Jio offers start at Rs 19, Rs 52 and Rs 98. The recharge plans offer various schemes services such as unlimited voice calling, limited data packs and limited SMS pack. Similarly, Bharti Airtel and Vodafone have also introduced cheap prepaid recharge plans to attract users. Airtel is offering lucrative data packs and unlimited calling packs under Rs 100 – Rs 19, Rs 40, Rs 48 and Rs 98. Vodafone too has introduced Rs 21, Rs 29, Rs…
It’s been three months since SpaceX launched the first prototype satellites for its Starlink broadband internet network, and there’s been precious little information about what they’re up to. Until today. Responding to a follower’s Twitter inquiry, SpaceX CEO Elon Musk assessed how the twin satellites, dubbed Tintin A and B, are doing: The “pretty good” assessment sounds like pretty good news for the SpaceX satellite development team that’s based in Redmond, Wash. The satellites are equipped with flat phased-array antennas that are designed to stay in contact with a series of ground stations as they fly in low Earth orbit. Based on…
The much-in-love couple Sonam Kapoor and Anand Ahuja are giving some serious relationship goals. From sharing their adorable videos to candid photos on the social media, Sonam and Anand have become the talk of the town ever since they have tied the knot with each other. The latest photographs are also winning the hearts on the internet. Anand has shared two adorable pictures along with a quirky caption. He wrote, “Cool ? Not Cool … ?” Well, these photographs have simply made our day. No matter how busy Sonam Kapoor gets with the promotion of her upcoming film ‘Veere Di Wedding’, she…
The democratisation of media has meant youth in the region have not only gained access to a new world news sources, pundits, bloggers, activists, critics and cultural curators – and a whole slew of unhelpful and hateful noise in between – that was off-limits a decade ago, but also the ability to participate in global conversations, whether as citizen journalists or, with the rise of the influencer, entrepreneurs, entertainers and thought leaders. Among the many revelations in the ASDAA Burson-Marsteller Arab Youth Survey of 2018, the one that was perhaps most revealing was that, for the first time in the…
Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. This month has seen the unexpected and extraordinary toppling of Najib Razak in Malaysia after a massive corruption scandal. Last month the Armenian prime minister was forced out by protesters demanding justice, the rule of law, and clean government. In the past…