Latest news with #AIF
See - Sada Elbalad
15 hours ago
- Politics
- See - Sada Elbalad
MCE Participates in Astana International Forum
Mohamed Mandour The Muslim Council of Elders participated in the Astana International Forum (AIF), hosted in the Kazakh capital, Astana, under the theme 'Connecting Minds: Shaping the Future.' The forum, held from May 29 to 30, brought together a wide range of global leaders and decision-makers and aimed to advance international dialogue and multilateral cooperation to address complex global challenges that require coordinated and comprehensive responses. During a panel session titled 'The Innovation Challenge: Making Climate Action Work for All,' the Muslim Council of Elders emphasized that the Document on Human Fraternity—signed in Abu Dhabi in 2019 by Dr. Ahmed Al-Tayeb, the Grand Imam of Al-Azhar and Chairman of the Muslim Council of Elders, and the late Pope Francis, former head of the Catholic Church—advocates the values of peace, justice, solidarity, and respect for the environment. The document is founded on the shared ethical and spiritual principles of the world's religions. The Council added that all religions call for respect for nature, the prevention of corruption on Earth, and the assumption of responsibility toward creation. These are not only spiritual principles but also moral foundations that can serve as a global reference point to support climate action. It noted that the role of faith leaders in this regard extends beyond moral guidance to awakening human conscience, strengthening collective responsibility, and mobilizing communities to adopt more sustainable lifestyles. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks
The Hindu
18 hours ago
- Business
- The Hindu
IVCA directs VCs to migrate to AIF framework before SEBI deadline
Indian Venture Capitalist Association (IVCA) directed venture capitalists who have not migrated to AIF framework, to do so before the SEBI deadline of July 19, 2025, according to a statement. 'Despite the regulatory clarity and incentives provided under this framework—including a simplified re-registration process, fee waivers, and tailored compliance requirements— the response to the said scheme is understood to be tepid. This low uptake is a cause for concern,' IVCA said in its statement. According to the SEBI circular dated August 2024, a migrated venture capital fund will be considered an Type 1 AIF. 'The old VCF (Venture Capital Fund) guidelines were existing even in the late 1990s, and in 2012, the AIF regulations were introduced. Every fund has a limited life of generally 8-10 years. There are a lot of VC funds registered with SEBI. And as of date, many of the VCs while their tenure has got over, have not completed their winding up and termination process via-a-vis erstwhile VCF regulation of SEBI,' said Rahul Shah, Executive Vice President of IVCA. ' He further added that the members of IVCA felt that the July 19 deadline was too quick for them to comply and that they'd prefer liquidating the VC funds first before migrating.' He further added that the VC fund managers were of the view that they rather than make efforts liquidating the current investments in the fund by the given deadline and then apply for migration, the IVCA was pushing them to complete the migration process before the deadline.
Yahoo
19 hours ago
- Business
- Yahoo
Astana International Forum 2025 Opens with Resounding Call for Global Cooperation
Astana, Kazakhstan--(Newsfile Corp. - May 30, 2025) - The Astana International Forum (AIF) 2025 opened today with a high-level ceremony that set the stage for two days of strategic dialogue and cross-border collaboration. Held under the auspices of President Kassym-Jomart Tokayev of Kazakhstan, this year's Forum gathers global leaders to address some of the world's most urgent challenges under the theme "Connecting Minds, Shaping the Future." To view an enhanced version of this graphic, please visit: In his opening remarks, President Tokayev emphasized the urgency of restoring multilateralism in an increasingly fragmented world: "The post-war global order is fragmenting. Protectionism is rising. Multilateralism is faltering. In this emerging disorder, the task before us is clear: to preserve cooperation where it still exists, and to restore it where it has broken down... That's what we in Kazakhstan strongly pursue: 'The unity in diversity'." The Forum welcomed several high-profile speakers, including Rwandan President Paul Kagame, North Macedonian President Gordana Siljanovska-Davkova, Council of Europe Secretary General Alain Berset, Food and Agriculture Organization (FAO) Director-General Qu Dongyu, and Ban Ki-moon, Chair of the Global Green Growth Institute and former UN Secretary-General. The session was moderated by Julia Chatterley. Reflecting on the progress that Kazakhstan has made, President Kagame noted that "Kazakhstan's prosperity is the reflection of its leadership, resilience and its people." President Siljanovska-Davkova addressed how to resolve current global crises, stressing that, "We need to use the collective wisdom and experience to think fast, or faster, in order to cope with the pressing challenges of our time." Alain Berset emphasized democratic values as central to global security, stating: "We gather here... to discuss security, energy, climate, and the economy. But let us be honest, these cannot be secured if democracy fails." Meanwhile, Ban Ki-moon praised Kazakhstan's role as a convener: "This year's theme reflects the kind of leadership we need today. One that is collaborative, forward-looking, and rooted in shared responsibility." Qu Dongyu highlighted the role of Central Asia and Kazakhstan in ensuring global food security. "Central Asia stands at the crossroad geopolitically, economically, and climatically," he said, adding: "Kazakhstan's territory is 2,800 square kilometres. With proper management, investments and new technologies - Kazakhstan can easily feed 1 billion people worldwide." The agenda featured action-oriented sessions on climate change, energy security, and conflict resolution. In a one-on-one with journalist Tony Barber, former Austrian Chancellor Sebastian Kurz welcomed growing attention to Central Asia: "Europe is now seeing the need for deeper cooperation with this part of the world." UN-backed discussions were a highlight of the Forum, with the organization serving as a strategic partner. Sessions marked the UN's 80th anniversary and addressed priorities like the Pact for the Future, migration, and water security. A standout was a conversation between CNN's Max Foster and Amy E. Pope, Director-General of the International Organization for Migration (IOM), on migration's role in sustainable development. As day one concluded, AIF reaffirmed its mission to elevate the role of middle powers, reinforce the value of multilateralism, and accelerate practical global solutions. Day two will continue to foster partnerships and dialogue that aim to shape a more stable, inclusive, and interconnected world. Media DetailsCompany: Astana International Forum Email: info@ Website: To view the source version of this press release, please visit
Yahoo
21 hours ago
- Business
- Yahoo
Astana International Forum 2025 Opens with Resounding Call for Global Cooperation
Astana, Kazakhstan--(Newsfile Corp. - May 30, 2025) - The Astana International Forum (AIF) 2025 opened today with a high-level ceremony that set the stage for two days of strategic dialogue and cross-border collaboration. Held under the auspices of President Kassym-Jomart Tokayev of Kazakhstan, this year's Forum gathers global leaders to address some of the world's most urgent challenges under the theme "Connecting Minds, Shaping the Future." To view an enhanced version of this graphic, please visit: In his opening remarks, President Tokayev emphasized the urgency of restoring multilateralism in an increasingly fragmented world: "The post-war global order is fragmenting. Protectionism is rising. Multilateralism is faltering. In this emerging disorder, the task before us is clear: to preserve cooperation where it still exists, and to restore it where it has broken down... That's what we in Kazakhstan strongly pursue: 'The unity in diversity'." The Forum welcomed several high-profile speakers, including Rwandan President Paul Kagame, North Macedonian President Gordana Siljanovska-Davkova, Council of Europe Secretary General Alain Berset, Food and Agriculture Organization (FAO) Director-General Qu Dongyu, and Ban Ki-moon, Chair of the Global Green Growth Institute and former UN Secretary-General. The session was moderated by Julia Chatterley. Reflecting on the progress that Kazakhstan has made, President Kagame noted that "Kazakhstan's prosperity is the reflection of its leadership, resilience and its people." President Siljanovska-Davkova addressed how to resolve current global crises, stressing that, "We need to use the collective wisdom and experience to think fast, or faster, in order to cope with the pressing challenges of our time." Alain Berset emphasized democratic values as central to global security, stating: "We gather here... to discuss security, energy, climate, and the economy. But let us be honest, these cannot be secured if democracy fails." Meanwhile, Ban Ki-moon praised Kazakhstan's role as a convener: "This year's theme reflects the kind of leadership we need today. One that is collaborative, forward-looking, and rooted in shared responsibility." Qu Dongyu highlighted the role of Central Asia and Kazakhstan in ensuring global food security. "Central Asia stands at the crossroad geopolitically, economically, and climatically," he said, adding: "Kazakhstan's territory is 2,800 square kilometres. With proper management, investments and new technologies - Kazakhstan can easily feed 1 billion people worldwide." The agenda featured action-oriented sessions on climate change, energy security, and conflict resolution. In a one-on-one with journalist Tony Barber, former Austrian Chancellor Sebastian Kurz welcomed growing attention to Central Asia: "Europe is now seeing the need for deeper cooperation with this part of the world." UN-backed discussions were a highlight of the Forum, with the organization serving as a strategic partner. Sessions marked the UN's 80th anniversary and addressed priorities like the Pact for the Future, migration, and water security. A standout was a conversation between CNN's Max Foster and Amy E. Pope, Director-General of the International Organization for Migration (IOM), on migration's role in sustainable development. As day one concluded, AIF reaffirmed its mission to elevate the role of middle powers, reinforce the value of multilateralism, and accelerate practical global solutions. Day two will continue to foster partnerships and dialogue that aim to shape a more stable, inclusive, and interconnected world. Media DetailsCompany: Astana International Forum Email: info@ Website: To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
a day ago
- Business
- Business Standard
IVCA urges legacy VCFs to act fast on Sebi's one-time migration window
India's top private capital industry body is calling on legacy venture capital funds (VCFs) to act swiftly on a key regulatory deadline, warning that delays could disrupt compliance and fund governance. The Indian Venture and Alternate Capital Association (IVCA) on Friday urged VCFs registered under the now-defunct SEBI (Venture Capital Funds) Regulations, 1996, to migrate to the Alternative Investment Fund (AIF) regime by 19 July 2025. The migration is part of a framework unveiled by the Securities and Exchange Board of India (SEBI) in August 2024. 'This is a critical regulatory window for legacy VCFs to realign with the current AIF framework,' said Rajat Tandon, President, IVCA. 'The migration framework introduced by SEBI not only offers operational clarity but also provides a structured path for managing residual assets and ensuring regulatory compliance.' Under the new framework, qualifying VCFs, including those with unliquidated investments or expired schemes not yet wound up, have been granted a one-time window to transition into a new sub-category called Migrated Venture Capital Funds (MVCFs). The framework includes incentives such as fee waivers, a simplified re-registration process, and tailored compliance requirements. 'Despite regulatory clarity and incentives provided under this framework, the response to the said scheme is understood to be tepid. This low uptake is a cause for concern,' said IVCA. The industry body has called on all legacy VCFs, particularly those still holding residual assets, to promptly assess their eligibility and submit applications to the regulator for migration under the new framework before the given deadline. It also advised funds that have completed winding up or have not made any investments to formally surrender their registrations. The migration effort is part of SEBI's broader agenda to streamline fund structures and enhance investor protection, as India positions itself as a global fund management hub.
