Skip to main content

Govt to make patent clearance process faster

By
n a bid to clear the backlog of applications for patents, designs and trademarks, the central government has added 458 examiners to the existing 130. Besides, 263 examiners would be hired on contract basis, said Ramesh Abhishek, secretary, Department of Industrial Policy and Promotion (DIPP).
According to him, the government would bring down the time taken to examine applications from the current five-to-seven years to 18 months by March 2018.
Speaking at an event organised by the Federation of Indian Chambers of Commerce and Industry (Ficci) on the occasion of International Intellectual Property Rights (IPR) day, Abhishek said applications for trademarks would be cleared within a month by March 2017. Such applications currently take 13 months to clear.
“We’ve appointed a panel of about 80 lawyers, who will provide free consultation and legal advise to start-ups. The rules will be notified soon.”  
Applications were now being reviewed on a monthly, quarterly and yearly basis, he said.
According to figures released by Commerce and Industry Minister Nirmala Sitharaman, 237,000 patents and 544,000 trademark registrations are pending approval. Patent offices function under the Controller General of Patents, Designs and Trademarks (CGPDT) under the commerce ministry.
Sitharaman said certain measures were underway to make the application process more transparent.
Sitharaman also said India continues to be placed on the US’ Priority Watch List on account of that country’s assessment of India’s IPR protection being inadequate.
India has countered for long that the report constitutes a unilateral measure to create pressure on countries to enhance IPR protection beyond the agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). The TRIPS agreement sets down minimum standards for many forms of intellectual property regulations for World Trade Organization members.
India has said since under the WTO regime, any dispute between two countries needs to be referred to the dispute settlement body of WTO, such unilateral actions are not in the spirit of the rules. Sitharaman said the government would fully utilise everything under TRIPS to protect the domestic pharmaceutical sector from the pressure exerted by foreign countries.
Business Standard New Delhi,26th April 2016

Comments

Post a Comment

Popular posts from this blog

Data storage norm splits digital payments industry

By
Data storage norm splits digital payments industry  India’s nascent digital payment industry could be thrown into disarray due to the demand by the Reserve Bank of India (RBI) that all user data be stored within the country, fears an industry grouping, which has termed the decision as “heavy-handed”, even as others, including the country’s largest digital payment provider Paytm, have hailed the move.  In a bid to narrow the growing schism, the industry is planning to send a formal representation to the regulator highlighting its concerns, a top official told ET.  “We are trying to build a consensus on the issue," said the person adding that the representation to the central bank will be ready this week.  RBI on April 6, mandated all payment companies—global and local—to set up data storage facilities within India by October. The stringent six-month deadline has attracted the ire of several sections of the industry that fear it will lead to a disruption of wel...
18 comments
Read more

Offer’s for all of you

By
Great Bumper Dhamaka Offer’s for all of you... It's Time to see your Business Online, WebeCreator Offer Website Designing with domain & Email @ nominal charges. For a year For More information visit us http://goo.gl/KlpppF call on 9890151261/9773197533  drop a mail to sales@webecreator.com
Post a Comment
Read more

Sebi to finalise options in commodities today

By
The Commodity Derivatives Advisory Committee of the Securities and Exchange Board of India ( Sebi) will meet on Friday with senior officials of the latter, to give a final shape to the rules on options trading in commodity futures, beside revising the warehousing norms to ensure good delivery on settlement. The decision taken, after discussing with the advisory committee, will be placed before the regulator’s board, to finalise the regulations. According to knowledgeable sources, three commodities in each segment, agricultural and non- agricultural, have been proposed for introducing options. It appears commodities from the soya and guar segments are preferred in the former. From the non- agri segment, it is likely that gold, silver and crude oil will be finalised. All these These have better liquidity and both the National Commodity and Derivatives Exchange and the Multi Commodity Exchange, respectively, will be able to introduce the options. In the equity segments, options ar...
17 comments
Read more