Gartner's report predicts that global end-user spending on security and risk management (SRM) is expected to rise by 14.3% in 2024, with security services being the largest area of total SRM end-user spending at 42%. The increasing adoption of AI by firms necessitates the security of AI systems from threats and vulnerabilities. Internal audit (IA) plays a crucial role in ensuring AI security controls are established and effective in mitigating risks.

Golden visa offers citizenship to wealthy Indians. Concerns over exploitation led to restrictions in EU countries. GIFT City in Gujarat provides an 'anti-golden visa' alternative. Mumbai branch proposal aims to attract businessmen back.

India should not be carried away with its rhetoric. It must choose its friends, and not have everyone at its table. It's too crowded and there's not enough to eat.

On the wish-list front, one sincerely hopes that the recent impressive march to polling stations by India's women continues unabated. One also wishes that India's 210 mn youth (18-29-yr-olds) make this election their own by speaking through the ballot, be it 'desh ke liye' or 'apne liye'. One also hopes our urban citizens follow their rural counterparts and not lag 10% behind in turnout figures.

India is facing an exceptional summer due to climate change, with above-normal temperatures predicted and longer heatwaves from April to June. Climate change has led to increased global temperatures and heatwaves becoming more common worldwide. Heatwaves have been linked to increased gross mortality rates, with India experiencing a 55% rise in deaths due to extreme heat during 2000-04 and 2017-21. In 2021, exposure to heat caused a loss of 167.2 billion potential labor hours, resulting in a loss

Startup governance is crucial for India's startup sector, as it plays a pivotal role in shaping the country's future. While startups thrive on innovation and rapid growth, they need to be guided by a well-crafted corporate governance framework. The challenges in implementing governance norms stem from lack of opportunity and experience, as founders focus on establishing and stabilizing the business.

The US has restricted legal immigration since the 1920s. David J Bier, director, immigration studies at Cato Institute, points out that the system utterly fails those aspiring to pursue the 'American Dream' in lawful and orderly ways. His Feb 2024 study, 'Green Card Approval Rate Reaches Record Lows', shows that only 3% of those who have submitted GC applications will receive permanent status during FY2024 (fiscal ending Sept 30, 2024).

Modern economists have a flawed understanding of how societies and economies function, leading to a need for a new economics that brings humanity back into capitalism. The current approach to economics, which relies on leaving problems to the market, has led to structural weaknesses in economies and irrational exuberance in deregulated financial markets.

A rising India is the world's instrumentality to keep China's rise peaceful. India can gain from Japan's new yen for self-assertion, of which release from a negative interest rate regime is but the first, if subtle, step.

Policy formulation and policy implementation happen at two very different levels. Formulation involves think tanks, academia and policymakers primarily working in GoI agencies. Implementation involves grassroots-level officials, and district-, municipal- and panchayat-level functionaries. Unfortunately, there is a huge gap in the levels of education, knowledge and understanding between both levels.

Milton Friedman and Friedrich Hayek argued that redistributive policies can stifle innovation and productivity. If individuals feel their efforts will be heavily taxed or redistributed, they may not be motivated enough to invest in new ventures or improve productivity, leading to an economic slowdown.

Demographers use the term 'demographic dividend' to describe the economic benefits that a country enjoys from its large young population. India has one of the world's largest reservoirs of youth. Yet, it has caused us to worry about unemployment rates and stagnant wages. Many want to go to the West for better jobs and higher salaries. But there are largely unexplored opportunities in the East.

The approved white list of domestic module makers is a big mistake. No country in the world has tried to improve domestic manufacturing through tariff as well as non-tariff barriers plus capex linked incentives the way India has done.

Influencers like Dolly Chaiwala have the power to influence opinions. His fame as a tea-concocter made a random White senior citizen famous. Bill Gates' visit to Dolly Ki Tapri increased his popularity. The impact on followers and admirers is uncertain.

Goldman Sachs has coined monikers for stocks driving stock market rallies in Europe and Japan. Investors globally are betting on a small clutch of sectors. The market is becoming more volatile due to fancy valuations and the rise of generative AI. China's equity markets point towards a reordering of the global economy.

Former Intel India chief, Avtar Saini, died in a speeding car accident while cycling in Navi Mumbai. The tragedy highlights the safety concerns that prevent affluent Indians from choosing cycling as an environment-friendly option. Urban authorities must prioritize improved roads management, promote helmet and lights usage. Investment in cycle-only lanes and education for motorized vehicle-users is essential.

Abundance is not just about possessions, but an attitude of generosity that extends beyond material wealth. It is a birthright, guiding us to selfless action and detachment. Abundance is about tuning into love, compassion, and generosity.