Daily Current Affairs (English) - 13.03.2018



National Conference on Counterfeiting & Role of Enforcement Agencies

The Cell for IPR Promotion and Management (CIPAM), a professional body under the aegis of the Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry, Government of India, is organizing a National Conference on Counterfeiting and Role of Enforcement Agencies on 13th-14th March, 2018 in New Delhi, in collaboration with European Union (EU). Minister of Commerce and Industry.

  • Counterfeiting has grown considerably to a point where it has become a widespread phenomenon with a global impact. Counterfeiting, other than causing an erosion on the brand value, reputation and goodwill of the manufacturers and owners of IP, leads to social and economic consequences resulting in huge economic losses in terms of lost taxes and revenues. It leads to diversion of funds earned therefrom to other illegal activities; counterfeit products put a threat to consumers' health and safety as well.
  • Enforcement agencies like police, customs, as also the prosecution wing, have a major role to play in effective enforcement of Intellectual Property Rights (IPR) in the country. Creating awareness about IPRs and the menace of counterfeiting amongst officials of these agencies will strengthen the enforcement regime, as also assist them in handling cases relating to counterfeit products in their day to day activities.
  • The conference intends to bring together national and international experts on the same platform to have a dialogue and exchange best practices for the benefit of enforcement agencies, attorneys and industry representatives and provide fresh ideas for further strengthening the IPR protection ecosystem.
  • The government has taken several initiatives to spread awareness among enforcement agencies about the importance of their role in IPR enforcement. Last year, the Ministry had also launched a toolkit for Police officials across the country to help them deal with IP crimes, specifically Trade Marks counterfeiting and Copyrights piracy. A three-day national workshop on the Enforcement of Intellectual Property Rights (IPRs) was also held in August 2017. Additionally, multiple training sessions have also been conducted for police officials from across the country.



SIPRI report on global arms

  • According to the latest report from the Stockholm International Peace Research Institute (SIPRI) America recorded a blazing growth in its arms exports to India, recording over 550% growth in 2013-17 compared with the previous five years. As a result, America has become India’s second largest supplier.
  • In contrast, Pakistan’s imports from America dropped by 76% in 2013-17 compared with 2008-12, while it emerged as the largest recipient of Chinese arms exports, Russia continued to be India’s largest arms supplier, accounting for 62% of India’s arms imports between 2013 and 2017.
  • “India was the world’s largest importer of major arms in 2013-17 and accounted for 12% of the global total. Its imports increased by 24% between 2008-12 and 2013-17,” SIPRI, which monitors global arms transfers, said in the report released on 12 March.



Mou between IBBI and RBI

http://www.iasexamcentre.com/community/images/RBI-logo.pngThe Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) on 12th March with the Reserve Bank of India (RBI). The Insolvency and Bankruptcy Code, 2016 (Code) provides for reorganisation and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of the value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders and, for this purpose, has established an institutional infrastructure comprising of Adjudicating Authorities, the IBBI, insolvency professionals, insolvency professional agencies and information utilities.

The IBBI exercises regulatory oversight over the Insolvency Professionals, Insolvency Professional Agencies and Information Utilities. It writes and enforces rules for processes, namely, corporate insolvency resolution, corporate liquidation, individual insolvency resolution and individual bankruptcy under the Code.

Both the RBI and the IBBI are interested in the effective implementation of the Code and its allied rules and regulations, through a quick and efficient resolution process. Therefore, they have agreed under the MoU to assist and co-operate with each other for the effective implementation of the Code, subject to limitations imposed by the applicable laws.

  • The MoU provides for: (a) sharing of information between the two parties, subject to the limitations imposed by the applicable laws;
  • (b) sharing of resources available with each other to the extent feasible and legally permissible;
  • (c) periodic meetings to discuss matters of mutual interest, including regulatory requirements that impact each party's responsibilities, enforcement cases, research and data analysis, information technology and data sharing, or any other matter that the parties believe would be of interest to each other in fulfilling their respective statutory obligations;
  • (d) cross-training of staff in order to enhance each party's understanding of the other's mission for effective utilisation of collective resources;
  • (e) capacity building of insolvency professionals and financial creditors;
  • (f) joint efforts towards enhancing the level of awareness among financial creditors about the importance and necessity of swift insolvency resolution process of various types of borrowers in distress under the provisions of the Code, etc.



Strategic Partnership Model in Defence Acquisition

The policy on Strategic Partnerships in Defence sector was approved by Defence Acquisition Council (DAC) in May, 2017. It was promulgated on 31.05.2017 as Chapter-VII of Defence Procurement Procedure (DPP) – 2016 titled as ‘Revitalising Defence Industrial Ecosystem through Strategic Partnerships’. The policy was placed before the Cabinet Committee on Security (CCS). The CCS considered the Note on the Policy in its meeting held on 24.05.2017 and noted the contents thereof. The chapter was uploaded on Ministry of Defence website: https://www.mod.nic.in.

  • The policy is intended to institutionalise a transparent, objective and functional mechanism to encourage broader participation of the private sector, in addition to DPSUs / OFB, in the manufacture of defence platforms and equipment such as aircraft, submarines, helicopters and armoured vehicles.
  • It will serve to enhance competition, increase efficiencies, facilitate faster and more significant absorption of technology, create a tiered industrial ecosystem, ensure development of a wider skill base and trigger innovation, leading to reduction in dependence on imports and greater self-reliance in meeting national security objectives.
  • The following four segments have been identified for acquisition under Strategic Partnership (SP) route:Fighter Aircraft,Helicopters,Submarines and Armoured Fighting Vehicles (AFVs) / Main Battle Tanks (MBTs).
  • The Strategic Partnership Model (SPM) is a different category of Capital Acquisition in addition to the existing categories as mentioned in Chapter-I of DPP-2016 i.e. ‘Buy (Indian-IDDM)’; ‘Buy (Indian)’; ‘Buy & Make (Indian)’; ‘Buy & Make’ and ‘Buy (Global)’.The amount of investment and employment opportunities likely to be created cannot be quantified at this stage as the cases in the respective segments are at their initial / early stages.
  • This information was given by Raksha Rajya Mantri Dr. Subhash Bhamre in a written reply to Shri C.M. Ramesh in Rajya Sabha on 12th March.