Government soon to bring national policy on intellectual property rights
The Dollar Business Bureau To encourage innovation and entrepreneurship in the country, the government is in the process to bring in a national policy on intellectual property rights competent with the international trade norms. Commerce and Industry Minister Nirmala Sitharaman on Monday said that a government-appointed think tank has already prepared the draft of the policy which has been sent to various ministries for consultation. After collecting feedback from all departments, the proposed policy will be sent to the cabinet. “After adopting a transparent process of drafting this policy, it is now being with the government for a month or two. It has gone to all the ministries, which is a necessary process, for inter-ministerial consultation. We shall take inputs from various ...
India may not import more wheat due to high global prices
Source: PTI India is unlikely to import more wheat in the coming weeks due to surge in global prices and concerns that the government may anytime slap 10% duty on inbound shipments, traders said. Private flour millers had recently contracted 5 lakh tonnes of wheat from Australia for the first time in a decade due to sluggish supply of domestic high protein wheat and lower international prices. They had plans to contract another 5 lakh tonnes from France and Russia. Despite surplus domestic stocks, imports were being made because of the damage to high-protein wheat crop following unseasonal rains and hailstorm early this year. "Now, global wheat prices have started rising due to El Nino concerns. There is also ...
Time to tweak Indias rice export policy
Bidhu Bhushan Palo | @TheDollarBiz There is good news for Indian rice exporters. According to industry estimates, India’s rice production is likely to reach (or at least remain) at record high levels of around 105 million tonnes again in 2014-15. This improves chances that India will retain its position as the world’s largest rice exporter, ahead of Thailand and Vietnam, for the third year in a row. Thailand lost its top rice exporter status for the first time in over two decades in 2011-12 to India. However, the reasons behind this are far from something that will make our exporters (or farmers) beam with pride. One reason was a glut in India due to a three-year ban on exports ...
