03 Sep 2019

With a view to attract further foreign investments into India, especially considering the slow-down in the Indian economy, the Reserve Bank of India (RBI) brought out certain relaxations on the end-use restrictions placed on External Commercial Borrowings[1] vide Circular RBI/2019-20/20 A.P. (DIR Series) Circular No. 04 dated 30th July, 2019[2] (hereinafter ‘the Circular’). Transactions on account of External Commercial Borrowings (ECB) and Trade Credit (TC) are governed by Section 6(3)(d) of the Foreign Exchange Management Act, 1999 (FEMA). In furtherance thereto, the RBI had brought out the ‘Master Direction - External Commercial Borrowings, Trade Credits and Structured Obligations’[3] which encapsulates the detailed provisions and stipulations in relation to ECB.>>

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27 Aug 2019

After years of defiance, the Board of Control for Cricket in India (BCCI) seems to have finally caved in by agreeing to come under the ambit of National Anti-Doping Agency (NADA) to avoid isolating itself from the global sports fraternity. Going forward, (subject to official confirmation) like any other athletes of other sports federations, Indian cricket players would be subject to World Anti-Doping Agency’s (WADA’s) Anti-Doping Code. Though there has been no official confirmation to that effect from either side, it seems that there is no way out for BCCI anymore.>>

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07 Aug 2019

The looming crisis concerning Non-Banking Financial Companies (NBFC) necessitated some quick action on the part of the government to stabilize the shaking consumer confidence on the shadow banking sector. Although scholars are still confident of the sector’s performance as a whole but delayed disbursement caused by liquidity crunch was seen as a cause of concern that required quick redressal to attain balance.  >>

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06 Jun 2019

The Government of India, Ministry of Commerce and Industry (Department for Promotion of Industry and Internal Trade) vide its notification dated May 31, 2019, has published the draft Patents (Amendment) Rules, 2019[i] (hereinafter the “Rules”) which is now open to the Public for objections or suggestions, if any.>>

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29 May 2019

The withdrawal of the recent Intellectual Property infringement cases filed by the multinational food corporation, PepsiCo India Holdings Pvt. Ltd. against four farmers in Gujarat has led to a lost opportunity for the courts to demystify the cloud surrounding the implementation of the Protection of Plant Varieties and Farmers’ Rights (PPV&FR) Act, 2001[1] and adoption of the Model Contract Farming Act, 2018[2] by the states to regulate contract farming practices in the country. >>

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08 Apr 2019

The Bombay High Court in its decision delivered on March 26, 2019 in the case of Rajendra R. Vishwakarma vs The State of Maharashtra & Ors has dealt with the issue of profiteering and/or commercialisation from the tenements received by the  slum dweller in a slum redevelopment scheme by illegal transfer and use purely for commercial exploitation.>>

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12 May 2017

It is a well-known fact that India as a country is rich in traditional knowledge (TK) which has been passed on across generations. Indian traditional knowledge is expressed in languages such as Sanskrit, Arabic, Persian, Urdu and Tamil; there is also a large body of unwritten knowledge that is passed on orally from one generation to another. Ancient traditional knowledge is vital to the identity of most local communities in India. TK also helps local communities thrive by way of culture, healthcare, trade and development, etc. TK is being commercially exploited in India and other countries by patenting. Patenting the already existing TK prejudices the interests of rightful owners and prevents others from using such TK.>>

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