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About the Ministry Union Minister- Shri Piyush Goyal It is responsible for administering two departments namely Department of Commerce Department of Industry and Internal Trade Autonomous Bodies- The Marine Products Export Development Authority Agricultural and Processed Food Products Export Development Authority Export Inspection Council Indian Institute of Foreign Trade Indian Institute of Packaging Commodity Boards Commodity Boards under Ministry of Commerce Headquarters Coffee Board Bangalore Rubber Board Kottayam, Kerala Tea Board Kolkata, West Bengal Tobacco Board Guntur, Andhra Pradesh Spices Board Cochin, Kerala The Marine Products Export Development Authority (MPEDA)- Statutory body- Under MPEDA Act 1972. Role- It is entrusted with…
28 December, 2023
India's Trade Policy
Trademark A case of trademark infringement brought by the international fast food chain Subway against Suberb, a restaurant in Delhi, was recently dismissed by the Delhi High Court. What is trademark? It is an image, term, or phrase that is used to represent a company. A trademark's owner may assert "exclusive rights" to use it once it has been registered. A trademark is a symbol that can be used to separate the products or services of one company from those of other companies. Governing Bodies in India: The trademark registration process is governed by the Trademark Act of 1999. A…
23 January, 2023
India's Trade Policy
India’s Trade Surplus GS-Paper- 3 Economy TRADE The Reserve Bank of India (RBI) has released India’s balance of payments data for the January-March quarter of 2019-20. During this quarter, India has managed a current account surplus, which is around 0.1% of the GDP. This surplus is largely driven by a lower trade deficit. Data from the Commerce Ministry show that between April and May 2020, India’s trade balance has improved. This surplus is due to the Invisibles, emanating mainly out of services exports and remittances. Due to this surplus, India’s substantial trade deficit turns into a moderate current account deficit. Why does…
10 July, 2020
India's Trade Policy
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