Spices Board urges exporters to use GI details
The Dollar Business Bureau In order to make sure the authenticity of Indian spices, the Spices Board is taking deliberate steps to provide them with the status of Geographical Indication (GI). The board is requesting the exporters to mention the GI tag before shipping the spices to prevent international exporters from taking advantage of the ‘Indian Spices’ tag, which several have been doing till now. Currently, there are eight varied varieties of Cardamom, Ginger, Pepper and Chilli that have got the GI status. The Spices Board, in a circular, has requested the exporters to provide details of GI registration on all the branded spice items shipped from the country. “As a step to make sure Indianness and to supply genuine Indian spices, the spice ...
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 ...
