India makes a strong pitch for protecting the interests of the developing and under-developed countries at the WTO


India has made a strong pitch for protecting the interests of the developing and under-developed countries at the WTO. Plain speaking, Union Minister of Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal, representing India at the 12thMinisterial Conference of the WTO in Geneva, raised concerns about the “skewed” WTO reforms proposal, imperative need to retain the Special and Differential Treatment (S&DT) provisions for the developing world, global inequities in Covid vaccination and Public Stockholding of foodgrains.


Speaking on the ‘Challenges confronting theMinisterial Session’ yesterday, Shri Goyal said the current proposals for WTO Reform couldfundamentally change its institutional architecture,skewing the system against the interests of developingcountries. “We need to move ahead preserving the coreprinciples of consensus and ensuring S&DT, withpeople and development being at the core of WTO’s future agenda,” said Shri Goyal.


“Friends, those who question the need for S&DTprovisions are aware that the per capita GDP of thedeveloped countries is 20 to 50 times that of thedeveloping countries. Even India is at the lower end ofthe per capita GDP supporting 1.4 billion people. Ibelieve, the developing world aspires to work for abetter future. Is it humane, fair or even equitablethat the developing world takes the same obligationsas the developed nations?,” he added.


Shri Goyal said the COVID Pandemic has exposed the inability of theworld to promptly respond to any crisis, whether onfood security or health, economic well being or opensupply chains.


“When the world was desperately lookingfor relief, the WTO was found wanting. As an example,vaccine inequity persists even two years after COVID.When people in LDCs and several developingcountries are yet to be vaccinated, there are somecountries who have already administered the 3rdor 4thdose,” he said, adding, “This is a collective failure of global governance& we need to introspect. Those responsible need toseriously reflect deep within their hearts, it will help uscraft a more equitable, fair and prosperous future forevery citizen of the world and finally achieve theSustainable Development Goals we had all collectivelyagreed upon.”


To rebuild trust and credibility, Shri Goyal said, we must first addressmandated issues, like the Permanent Solution toPublic Stockholding agreed nearly a decade ago.


“The current global food crisis is a reminder to us thatwe act now! Can we risk the lives of millions of peopledependent on food stocks maintained for the poor andvulnerable?,” Shri Goyal asked.


“During the pandemic, India alonedistributed 100 million tonnes of foodgrain free ofcharge to 800 million Indians at a cost of nearly US$50billion. This was over and above the foodgraindistributed as a part of our National Food SecurityProgramme thus ensuring that nobody ever slept hungry,” he said.


Shri Goyal argued that while negotiating the Fisheries Subsidies, thelivelihood of traditional fishermen cannot becompromised.


“We cannot institutionalize the privilegesof a few countries and take away the right to progressfor those who are working for the vulnerablemarginalized sections of society. Particularly for thosecountries, who are not engaged in harmful deep seafishing, we need to have different views. Otherwise, wemay have a similar situation like the Agreement onAgriculture, where inequities & asymmetries persist,causing several countries to still depend on food aid,” he said.


On climate issues, Shri Goyal proposed we need to adoptenvironmentally-conscious lifestyles, more sustainablelifestyles, based on 3Ps of “Pro Planet People”.


“The WTO needs to rebuild trust. It is time todemonstrate goodness, concern for people, moresensitivity to the poor & vulnerable sections of societyin the spirit of “Vasudhaiva Kutumbakam”, which webelieve in India as “The World is one Family”,” he said.




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Joe Malvasio from GCP Fund LLC Makes Waves by Guiding New Ventures in Their Early Phase Regarding Easy Financial Solutions

 Millennials are being deemed the most optimistic demographic among business owners worldwide. Despite the pandemic and all its perils, many millennials across the US underwent painstakingly long yet exciting journeys where they generated feasible and revenue-generating business ideas.

However, most revealed they felt as if their hands are tied when it comes to streamlining reasonable capital. In fact, a recent study revealed that over 90% of new ventures fail during their first year of operation due to a lack of adequate funds. The lack of financial help is primarily why they tend to fail in the early phase of the business.

Over four decades’ worth of experience has put Joe Malvasio, the president of GCP Funds, in the position to guide new entrepreneurs towards success with feasible and honest financial advice. The team led by the maestro himself works closely with clients to devise the best-suited financial solutions.

Based in New York, Global Capital Partners Fund is a leading commercial lender that provides hard money loans to its global clientele on flexible terms. The company offers an extensive range of loans, ranging from $1 million to over $100 million, for various purposes, including development sites, hospitality, land development, multi-family commercial, warehouse, etc.

“Anyone who has applied for a bank loan understands how tedious, exhausting, and time-consuming the process can be. Applicants often file tons of paperwork only to find out that their application has been rejected. However, at Joe Malvasio’s Global Capital Partners Fund LLC, our goal is to help make applying for a hard money loan easier than ever. Venturers can find the straightforward application form on the website for short-term financing without any financial acumen requirements. Just fill out the easy details and wait for our senior partner from our firm to contact you within no time,” shared a representative from GCP Funds.

The key reasons behind the company’s unwavering success are active participation and a keen interest in all projects by senior partners. Joe Malvasio has played an instrumental role in this regard. He works closely with clients to formulate an effective financial plan with a smart exit strategy to help them make investments with full confidence.

Malvasio continues to provide personalized mezzanine financing, construction financing, permanent financing, and structured joint venture financing for experienced and inexperienced investors. Clients looking for financial suggestions regarding the hard money lending process can get in touch with Joe Malvasio and his team on their website or via email.

About Joe Malvasio

Joe Malvasio is the president of the Global Capital Partners Fund president. With over 40 years of experience in the industry, he helped numerous clients invest successfully in the commercial real estate market by providing hassle-free acquisition and commercial financing solutions at flexible terms.

Contact Information

Website: https://gcpfund.com/

Contact: 1-800-514-7350

Fax: 516-299-9133

Business Address: 555 Fifth Avenue Suite 1501 NY, NY 10017

Email: contact@gcpfund.com

Global Capital Partners Fund LLC

Ricky Taylor

+1-800-514-7350

www.gcpfund.com

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  • Finance
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SCCG Venture Fund Makes Investment in Playcaller

Stephen Crystal announced today one of the first gaming opportunity investments in PLAYCALLER, a Client Partner of SCCG Management, offering strategic support and business development.

The SCCG Venture Fund (“SCCG VF”), managed by Stephen Crystal, David Hanlon, Pierre Cadena and Dave Antony, is an alternative investment fund that focuses on increasing value and distributing profit through investing in gaming opportunities, targeting the best opportunities for Seed / Series A funding.

The fund specializes in identifying the most innovative companies and founders that are involved in:
– Sports wagering
– iGaming
– Esports gaming and wagering
– Sports data
– Affiliate solutions
– Venue management

About PLAYCALLER

Play Caller Sports is planned as an innovative fan engagement platform that offers both fantasy sports and sports betting. It aims to reach the demographics of some of the most popular sports leagues like the National Football League, the National Basketball League, and the Major League Baseball.

About SCCG Venture Fund 1

The SCCG Venture Fund 1 is an alternative investment fund that focuses on increasing value and distributing profit through investing in gaming opportunities. Opportunities include equity, debt, direct asset ownership, and revenue sharing opportunities. It offers the potential for higher than normal returns for the risk tolerant investor.

About SCCG Management

SCCG Management is a consultancy that specializes in sports betting, iGaming, sports marketing, affiliate marketing, technology, intellectual property protection, product commercialization, esports, capital formation, M&A, joint ventures, casino management, and governmental and legal affairs for the casino and iGaming industry.

Shufti Pro Makes It to the RegTech Insight Awards Europe 2022

 Recognizing the technological milestones achieved by Shufti Pro in the field of RegTech, the global identity verification service provider has been nominated in the upcoming RegTech Insight Awards Europe – 2022. Acknowledging the efforts of Shufti Pro in utilizing AI to solve modern-day financial and regulatory challenges, the company is selected in the category of “Best Solution for Managing Financial Crime.” Nomination in this category is a nod to the top-of-the-line IDV services offered by Shufti Pro that has enabled businesses across various industries to reliably onboard authentic clientele.

Regtech awards are organized by A-Team Insights to honor the industry leaders and upcoming players of the financial, regulatory, and technological fields that positively impact the global financial sector by providing RegTech solutions. Shufti Pro, an AI-powered KYC/AML service provider, has been catering to the IDV needs of 500+ customers worldwide since its inception in 2017.

You can show your support for Shufti Pro by voting in Category 23 (Best Solution for Managing Financial Crime) at the provided link. You can cast your vote in favor of Shufti Pro until Friday 18th March 2022 at 5 pm UK, while the winners will be announced on Wednesday 18th May 2022.

Expressing his thoughts at being nominated CEO of Shufti Pro Victor Fredung said, “We are glad to be shortlisted for the RegTech Insight Awards 2022. In a world where online scams are skyrocketing and regulators are penalizing businesses for their lackluster defense against these scammers, providing automated and configurable RegTech solutions is a top priority of Shufti Pro. This nomination has motivated team Shufti Pro to strive even harder towards delivering seamless IDVV solutions to our global customers.”

Shufti Pro was recently named on the list of the World’s 100 Most Innovative CyberTech Companies for Financial Services and also won two awards at the Global Banking and Finance Awards 2021. Last year, Shufti Pro won Global Excellence Award for outstanding KYC/AML products. The company has also bagged the Best in Biz award for providing top-quality consumer services.

About Shufti Pro

Globally renowned for its AI-powered identity verification solutions, Shufti Pro provides services to 230+ countries and territories. With the highest accuracy rate, its KYC and AML software supports 3000+ identity documents in 150+ languages to verify identities in just a few seconds. By staying compliant with the GDPR and global AML/KYC regulations, Shufti Pro eradicates threats of digital fraud in real-time.

Shufti Pro

Damien Martin

+4401225290329

shuftipro.com

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  • Business

Hong Kong – CE makes statement on issuance of fact sheet by Ministry of Foreign Affairs

CE makes statement on issuance of fact sheet by Ministry of Foreign Affairs

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     ​In response to the Ministry of Foreign Affairs’ issuance of a fact sheet earlier that sets out a host of acts of the United States (US) in interfering in Hong Kong affairs and supporting anti-China, destabilising forces, the Chief Executive, Mrs Carrie Lam, who is on a duty visit in the Mainland, made the following statement today (September 25):
      
     The Hong Kong Special Administrative Region (HKSAR) Government firmly supports the Central People’s Government, strongly opposing interference in Hong Kong affairs by any external forces. Over the past two years, the external forces including the US used the legislative amendment exercise of the Fugitive Offenders Ordinance and the enactment and implementation of the National Security Law as excuses to support individuals who are opposed to China to blatantly obstruct the HKSAR Government’s governance and advocate “Hong Kong independence”, “self-determination”, seriously endangering national security. They also continuously slander our nation, vilify the HKSAR Government and smear the National Security Law through diplomatic and other domestic political means, which are shameful and despicable.
      
     ​I support the Ministry of Foreign Affairs’ issuance of the fact sheet that sets out the host of acts of the US in interfering in Hong Kong affairs and supporting anti-China, destabilising forces. The fact sheet systematically sets out 102 items in five broad categories of interference of the US in Hong Kong affairs through such acts as enacting Hong Kong-related Acts, imposing sanctions, making unfounded charges against HKSAR affairs, shielding and supporting those who are opposed to China and colluding with some countries and teaming up with allies to exert pressure on China. These facts are indisputable. The international community and Hong Kong people will grasp clearly through the fact sheet the US hegemony acts that wantonly interfere in Hong Kong affairs and resent them.
      
     ​I noticed that a number of representatives of different countries spoke in support of our nation at the United Nations Human Rights Council session held recently and opposed to interference of other countries in Hong Kong affairs through various excuses. I am also grateful for the arrangements of the Ministry of Foreign Affairs to allow me and some Principal Officials of the HKSAR to present Hong Kong’s situation clearly at the sessions.
      
     ​The Ministry of Foreign Affairs’ fact sheet, once again, shows that the National Security Law enacted by the Central Authorities and implemented in Hong Kong last year as well as the improvement of the electoral system of the HKSAR by the Central Authorities this year are proper, reasonable and necessary. In fact, following the enactment of the National Security Law, stability has been restored in Hong Kong society, actions have been taken against offenders according to the law and anti-China forces have significantly diminished. The improvement of the electoral system ensures the principle of “patriots administering Hong Kong”, preventing people who are opposed to China to enter the political system of the HKSAR through elections. The acts of the Central Authorities help the HKSAR guard against interference of external forces, which are instrumental to the maintenance of national security and the long-term prosperity and stability in Hong Kong.
      
     ​Following the enactment of the National Security Law and improvement of the electoral system, Hong Kong continues to be a free and open international city, where the business environment remains intact and the rights of the overseas enterprises in Hong Kong are even better protected than before. As Hong Kong is better positioned to integrate into the overall development of the nation, overseas enterprises in Hong Kong will be presented with more opportunities than before. We will continue to welcome foreign enterprises, including US enterprises, to set up offices and regional headquarters in Hong Kong, and use the city as a base for accessing the massive Mainland market.