Amazon plans to initiate criminal court proceedings this week against its partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition, three sources with direct knowledge of the matter told Reuters.
The department has asked stakeholders to furnish details on the IPR areas which are of “prime considerations” such as patent, trademark, copyright, design, geographical indications, enforcement, commercialization and technology transfer, and regulatory approval.
The government is hopeful of topping the $400 billion export target for the current financial year despite the Ukraine crisis with exports during February pegged at around $34 billion.
India's exporters have payments of around $400-500 million pending in Russia and are engaged in discussions with the government to work out a mechanism to receive the dues, following sanctions imposed by the West.
The rules earlier permitted only flags made by "hand-spun and woven wool or cotton or silk khadi bunting" while the import of machine-made flags was banned in 2019.
Most of the wheat stock in India is held by the government agency FCI, which is not exporting the commodity. Wheat traders want the FCI to release more wheat into the market, which will help keep domestic prices under control, reduce excess stocks and also meet the export demand. However, the processing industry is worried.
According to labour and employment minister Bhupender Yadav, India's labour codes are futuristic. "India is one of the few countries in the world that has recognised gig and platform workers in our Codes and they have been registered on the e-Shram portal."
In a recent development, India's top lender SBI will not process any transactions involving Russian entities subject to international sanctions imposed on Russia. Besides, Indian Oil Corp (IOC) said it would no longer accept cargoes of Russian crude and Kazakh CPC Blend cargoes on a free on board (FOB) basis due to insurance risk.
Member countries of the International Energy Agency (IEA), including India, late on Tuesday agreed to release 60 million barrels of oil from their emergency stockpiles as a message to the global oil markets that there will be no shortfall in supplies as a result of the conflict between Ukraine and Russia.