[WpProQuiz 1556]
[WpProQuiz_toplist 1556]
UPSC 2024 countdown has begun! Get your personal guidance plan now! (Click here)
[WpProQuiz 1556]
[WpProQuiz_toplist 1556]
UPSC 2024 countdown has begun! Get your personal guidance plan now! (Click here)

Central idea
The article discusses the impact of shifting baseline syndrome on our perception of environmental changes, particularly in the context of unprecedented rainfall in south Tamil Nadu. It emphasizes the importance of officialese, or official vocabulary, in effectively communicating climate scenarios, addressing challenges in aligning definitions with lived experiences. The article also explores the global implications of terminological precision in climate negotiations and highlights the need for updated language to navigate evolving climate realities.
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Way Forward:

First 100 will get access to Gaurav sir’s CSAT Telegram group
In the last 3 years, a lot of things have changed about UPSC-CSE
Especially the ‘CSAT’ paper in the prelims
The mysterious, unpredictable, and devious nature of CSAT paper spares no one, not even the IIT-IIM grads.
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First 100 will get access to Gaurav sir’s CSAT Telegram group
By the end, you’ll have razor-sharp clarity and a clear roadmap for approaching and qualifying UPSC CSAT paper with ease.
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These masterclasses are packed with value. They are conducted in private with a closed community. We rarely open these webinars for everyone for free. This time we are keeping it for 300 seats only.
We recommend you register here. It takes less than 10 seconds to register.
[WpProQuiz 1555]
[WpProQuiz_toplist 1555]
UPSC 2024 countdown has begun! Get your personal guidance plan now! (Click here)

| Details | |
| Definition | AIFs are privately pooled investment vehicles established in India, collecting funds from sophisticated investors for investing. |
| Regulation | Governed by the SEBI (Alternative Investment Funds) Regulations, 2012. |
| Formation | Can be formed as a company, Limited Liability Partnership (LLP), trust, etc. |
| Investor Profile | Aimed at high rollers, including domestic and foreign investors in India. Generally favored by institutions and high net worth individuals due to high investment amounts. |
| Categories of AIFs | Category I: Invests in start-ups, early-stage ventures, SMEs, etc. Includes venture capital funds, angel funds, etc.
Category II: Includes funds not in Category I/III, like real estate funds, debt funds, etc. No leverage or borrowing except for operational requirements. Category III: Employs complex trading strategies, may use leverage. Includes hedge funds, PIPE Funds, etc. |
| Fund Structure | Category I and II AIFs must be close-ended and have a minimum tenure of three years.
Category III AIFs can be open-ended or close-ended. |
