Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » India
1-min read

Govt Proposes to Significantly Reduce Intellectual Property Rights Fees for MSMEs, Startups

As per the proposal, fees for micro, small and medium enterprises (MSMEs) and startups for filing of patent applications will be reduced to Rs 1,600 or Rs 1,750 from Rs 4,000 or Rs 4,400.

PTI

Updated:September 16, 2019, 6:49 PM IST
facebookTwitterskypewhatsapp
Govt Proposes to Significantly Reduce Intellectual Property Rights Fees for MSMEs, Startups
Logo of Ministry of MSME

New Delhi: The government has proposed to reduce fees for various intellectual property rights like patents and designs for micro, small and medium enterprises and startups to promote innovation, Commerce and Industry Ministry said on Monday.

An individual, group or industry has to pay fees at different levels of intellectual property rights (IPR) application fillings.

As per the proposal, fees for micro, small and medium enterprises (MSMEs) and startups for filing of patent applications will be reduced to Rs 1,600 or Rs 1,750 from Rs 4,000 or Rs 4,400.

For expedited examination, it will be reduced to Rs 8,000 from Rs 25,000 currently. Similarly, for renewal of patents, the fees will be reduced.

For design applications filing, fees for MSMEs and startups will be reduced to Rs 1,000 from Rs 2,000, the ministry said.

For Geographical Indications (GI), fees was proposed to cut to nil for filing of application, issuance of certificate and renewal of GI from the current Rs 500, Rs 100 and Rs 1,000, respectively.

It also said domestic filing for patents has increased from 22 per cent in 2013-14 to 34 per cent in 2018-19.

"Awareness programmes for IP are being conducted at schools, colleges, universities, R&D institutes and industry clusters," it said.

The multi-pronged strategies have been used to address the issue of pendency in IP applications, including manifold augmentation of manpower and streamlining of procedures, it added.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results