Wednesday, Jun 26 2019 | Time 06:09 Hrs(IST)
image
  • Georgian Foreign Minister regrets PACE's decision to restore rights of Russian delegation
  • Russia, Syrian forces exclusively strike objects verified by intelligence - Nebenzia
  • Iran will not renegotiate nuclear deal on any conditions - Rouhani
  • Cameroon lead AFCON Group F after 2-0 win over Guinea Bissau
  • MP CM’s Indore visit itinerary
  • IOC lauds Beijing 2022 preparation
  • US envoy meets representatives of Sudan's military council, opposition to push for talks
  • Pompeo says had productive talks on Peace process in Afghanistan during surprise visit
  • Tariff tensions send U S consumer confidence to lowest in nearly 2 years: survey
  • Jordan urges intensified efforts to achieve lasting Mideast peace
  • US sanctions on Iran’s supreme leader futile, insult to Iranian nation - Iranian Gov't
  • Saudi crown prince to lead delegation to G20 summit in Japan
Business Economy


Govt should look into counterfeit trade and pirated products: FICCI

Govt should look into counterfeit trade and pirated products: FICCI

New Delhi, Apr 16 (UNI) In view of the increasing menace of illicit trade both in terms of value and magnitude, FICCI on Tuesday said the Government must look into the issue of counterfeit and pirated products’ trade and treat it on a national priority which will help in eliminating this threat.

“For the larger interest of the nation and to ensure that this issue gets the desired attention, FICCI, early this year, submitted a set of recommendations to the government to combat illicit trade and urged the government to give it due consideration by setting up a coordinating agency to improve the inter-ministerial cooperation and coordination in the government,” a statement by the industry body said here.

FICCI over the years has been addressing the problem of illicit trade with regards to counterfeiting, smuggling and piracy through its initiative in the form of Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (CASCADE).

FICCI CASCADE chairman Anil Rajput said, “This is a proactive step taken by the US President to curb the menace arising out of sale of counterfeits which adversely impacts the legal industry, government revenue and the health and safely of the people. Illicit trade also fuels organized crime. It threatens the peace and stability worldwide, and hence all countries across the world must address the matter on war footing”.

FICCI CASCADE works closely with government, industry, enforcement officials, media, legal experts and consumer organizations to create awareness on counterfeiting and smuggling and how all concerned must make concerted effort to contain such activities.

As per the recent study released by Organisation for Economic Co-operation and Development (OECD), trade in counterfeit and pirated products represents 3.3 per cent of the world trade.

The study also elucidates that the share of fakes in world trade has grown significantly posing a big risk for the knowledge based, open and globalized economy.

UNI SW ADG 1440

More News

Panel to be formed to address FDI issues in e-commerce: Goyal

25 Jun 2019 | 8:41 PM

New Delhi, Jun 25 (UNI) A committee under the Department for Promotion of Industry and Internal Trade (DPIIT) would be constituted to address grievances and provide necessary clarifications on issues related to FDI in e-Commerce, the Government has said.

see more..

Sinitic partners with T9L to boost conversational commerce market

25 Jun 2019 | 8:18 PM

New Delhi, Jun 25 (UNI) In its endeavour to take on India’s conversational commerce market by disrupting artificial intelligence, machine learning and natural language processing, Sinitic, the market-leader in AI Customer Experience (AICX) solutions for multilingual contact centers enters the Indian market with T9L.

see more..
Nanoclean AC filters: More than 15K units sold in 3 weeks of launch

Nanoclean AC filters: More than 15K units sold in 3 weeks of launch

25 Jun 2019 | 8:16 PM

New Delhi, June 25 (UNI) More than 15000 units of innovative Nanoclean AC filters, available at a price of Rs 399, have been sold within three weeks of its launch, a statement said here on Tuesday
Founded by a team of IIT Delhi Professors and Alumni, Nanoclean AC Filters turns an AC into an air purifier at Rs 399 only.

see more..
Rupee ends tad higher by one paise against USD

Rupee ends tad higher by one paise against USD

25 Jun 2019 | 7:49 PM

Mumbai, Jun 25 (UNI) The Rupee on Tuesday rose further by one paise to 69.

see more..
LOTS plans to open 12 more stores in next 3 yrs

LOTS plans to open 12 more stores in next 3 yrs

25 Jun 2019 | 7:35 PM

New Delhi, Jun 25 (UNI) LOTS Wholesale Solutions will invest more than Rs 1000 crore in first five years in the wholesale business category and also plans to open 12 more stores in next three years.

see more..
image