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Scheme for new Entrepreneurs



Scheme for new Entrepreneurs 

An Action Plan has been prepared for 22 sectors under ‘Make in India’ initiative to promote new entrepreneurs in the country. An Investor Facilitation Cell has  been  created in Invest India to assist and handhold investors.  Further, a Startup Action Plan has been released by the Government to create a conducive environment for startups in India which includes:-


a.      Simplification and Handholding

·         Simple Compliance Regime for startups  based on Self-certification

·         Launch of Mobile app and Portal for compliance and information exchange

·         Startup India Hub to handhold startups during various phases of their development

·         Legal support  and fast-tracking patent examination at reduced costs

·         Relaxed norms of public procurement for startups

·         Faster exit for startups



b.      Funding support and Incentives

·         Providing funding support through a Fund of Funds with a corpus of Rupees 10,000 crore

·         Credit guarantee fund for startups

·         Tax exemption on capital gains invested in Fund of Funds

·         Tax exemption to startups for 3 years



c.           Industry-Academia Partnership and Incubation

·         Organizing Startup Fests to showcase innovations and providing  collaboration platforms

·         Launch of Atal Innovation Mission (AIM) with Self –Employment and Talent Utilization (SETU) Program of NITI Aayog

·         Harnessing private sector expertise for setting up incubators

·         Setting up of 7 new research parks modeled on the Research Park at IIT Madras

·         Launching of innovation focused programs for students.

·         Annual Incubator Grand Challenge to promote good practices among incubators.



               This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.

                                                              

*********

Rural Industries under Make in India 

The Government is implementing the following schemes for bringing the rural industries under the ambit of the 'Make in India' programme:

(i) Prime Minister’s Employment Generation Programme (PMEGP) is a credit linked subsidy scheme, for setting up of new micro-enterprises and to generate employment opportunities in rural as well as urban areas of the country through Khadi & Village Industries Commission (KVIC), State Khadi & Village Industries Board (KVIB) and District Industries Centre (DIC).  Since inception and up to January 2016, 3.50 lakh micro enterprises have been set up by utilizing margin money amounting to Rs.7004.40 crore and  29.82 lakh jobs have been created from these units.

(ii) Scheme of Fund for Regeneration of Traditional Industries (SFURTI) was launched in 2005-06 for making Traditional Industries more productive and competitive by organizing the Traditional Industries and artisans into clusters. 26 clusters have been granted final approval with a total project cost of Rs.72 crore benefiting around 25000 artisans.

(iii) A Scheme for Promoting Innovation, Rural Industry and Entrepreneurship (ASPIRE) was launched on 18.3.2015 to promote Innovation & Rural Entrepreneurship through rural Livelihood Business Incubator (LBI), Technology Business Incubator (TBI) and Fund of Funds for start-up creation in the agro-based industry. During the year 2015-16, 22 LBIs & 2 TBIs have been approved and two LBI Centres have been operationalized at Deoria (U.P.) and Rajkot (Gujarat).
  Products of rural industries are already covered under extant laws & rules relating to trade & commerce including consumer protection.  Stand Up India scheme is meant to provide composite loans between Rs. 10 lakh to  Rs. 100 lakhs for setting up Greenfield enterprises in non-farm sector by SC/ST and women entrepreneurs.

This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.

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Trademark Registration 

The government has proposed to introduce new rules for Trademark Registration. The existing Trade Marks Rules 2002 are proposed to be replaced by the Trade Marks (Amendment) Rules, 2015.  The proposed Trade Marks (Amendment) Rules, 2015 have already been published in the Gazette of India  and has been made available in the official web site of Department of Industrial Policy and Promotion and in the website of the Controller General of Patents, Designs and Trade Marks for inviting suggestions/ comments from the general public and stakeholders. The proposed Trade Marks (Amendment) Rules, 2015, aims at introducing the following major changes:

•     Number of Trade Mark forms proposed to be reduced.

•     Redundant and obsolete provisions in the existing Trade Mark Rules are proposed to be deleted.

•     In order to promote e-filing of TM (trademark) applications and various other TM (trademark) Forms, the fee proposed for electronic filing will be kept lower than that for physical filing.

•     Modalities for service of documents from applicants to the Registry and vice versa through electronic means proposed to be introduced to expedite the process.
•     The provision relating to expediting the processing of an application for registration of trade mark proposed to be extended up to the registration stage, which at present is only up to the examination stage.

•     Modalities for determination and maintenance of the list of well-known trademarks proposed to be introduced.

•     Procedures relating to registration as Registered User of trademarks proposed to be simplified.

 It is proposed to increase the registration fee for filing of trade mark applications. It is also proposed to keep the fees for electronic filing lower than that for physical filing so as to encourage electronic filing. While the proposed revision of registration fee has been notified in the First Schedule of the proposed Trade Marks (Amendment) Rules, 2015, the final fees shall be decided after consideration of suggestions/comments received from the public and various stakeholders.

            Duties and rights are assigned to the Registrar of Trade Marks under the provisions of the Trade Marks Act, 1999 and Rules made thereunder from time-to-time.

The Government has taken the following important steps to make the process of registration of Trademark user- friendly:

(i)            The proposed new Rules are primarily aimed at simplifying the procedures for registration and removing the redundant provisions in Trademarks Rules, details of which are enumerated in the reply (a) above.
(ii)           Facility for filing online applications and other TM forms has been provided.

(iii)          Facility of search of earlier trademarks in respect of certain description of goods and services has been provided free of cost in the official website.

(iv)          The complete details of each application filed or trademarks registered before the Registrar, along with their current status, have been made available free of cost in the official website.

(v)           The Registrar of Trademarks has also started sending communications to the stakeholders through email in addition to usual postal mode.

(vi)          Various other facilities beneficial to the public are provided in the official website free of cost.

(vii)         Public Grievance officers and Public Relation Officers have been designated in each of the offices under the Office of the Controller General of Patents, Designs and Trade Marks (CGPDTM) who is the Registrar of Trade Marks under the Trade Marks Act, 1999.

(viii)        Dynamic utility tools have also been provided in the official website which show performance as well as pendency at every level during a particular period of time. 

This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.

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Index Numbers of Wholesale Price in India (Base: 2004-05=100) Review for the month of February, 2016 




The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of February, 2016 declined by 1.0 percent to 174.0 (provisional) from 175.7 (provisional) for the previous month.

INFLATION

The annual rate of inflation, based on monthly WPI, stood at -0.91% (provisional) for the month of February, 2016 (over February, 2015) as compared to -0.90% (provisional) for the previous month and -2.17% during the corresponding month of the previous year.  Build up inflation rate in the financial year so far was -1.19% compared to a build up rate of -2.61% in the corresponding period of the previous year.

Inflation for important commodities / commodity groups is indicated in Annex-1 and Annex-II.
The movement of the index for the various commodity groups is summarized below:-

PRIMARY ARTICLES (Weight 20.12%)

The index for this major group declined by 3.4 percent to 244.7 (provisional) from 253.3 (provisional) for the previous month.  The groups and items which showed variations during the month are as follows:-

The index for ‘Food Articles’ group declined by 3.2 percent to 259.1 (provisional) from 267.6 (provisional) for the previous month due to lower price of fruits & vegetables (11%), egg (6%), arhar and gram (5% each), coffee and moong (4% each),      masur (3%), condiments & spices (2%) and wheat, jowar and fish-inland (1% each).  However, the price of barley (4%),      fish-marine (3%), bajra (2%) and pork, ragi, maize and poultry chicken (1% each) moved up.

The index for ‘Non-Food Articles’  group declined by 2.9 percent to 217.9 (provisional) from 224.5 (provisional) for the previous month due to lower price of flowers (18%), gingelly seed, castor seed and niger seed (6% each), rape & mustard seed and guar seed (5% each), raw rubber (4%), raw cotton, linseed and fodder (3% each), copra (coconut) and groundnut seed (2% each) and coir fibre (1%).  However, the price of raw jute and raw silk (2% each) and sunflower (1%) moved up.

The index for ‘Minerals’ group declined by 8.1 percent to 183.0 (provisional) from 199.2 (provisional) for the previous month due to lower price of crude petroleum (11%), iron ore (8%), copper ore and limestone (5% each), sillimanite (4%) and manganese ore (3%).  However, the price of zinc concentrate (21%), magnesite (2%) and chromite and phosphorite      (1% each) moved up.

FUEL & POWER (Weight 14.91%)

The index for this major group declined by 1.2 percent to  169.6 (provisional) from 171.6  (provisional) for the previous month due to lower price of aviation turbine fuel (14%), bitumen (7%), furnace oil (3%) and LPG, petrol and high speed diesel (1% each).

MANUFACTURED PRODUCTS (Weight 64.97%)

The index for this major group rose by 0.3 percent to 153.1 (provisional) from 152.7 (provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-

The index for ‘Food Products’ group rose by 0.8 percent to 178.1 (provisional) from 176.7 (provisional) for the previous month due to higher price of vanaspati (5%), sugar (4%), gingelly oil and tea dust (unblended) (3% each) and khandsari,     sunflower oil, palm oil and canned fish (1% each).  However, the price of tea dust (blended) and tea leaf (blended) (4% each), mustard & rapeseed oil (3%), processed prawn, tea leaf (unblended) and powder milk (2% each) and mixed spices and gur (1% each) declined.

The index for ‘Beverages, Tobacco & Tobacco Products’ group rose by 0.4 percent to 207.2 (provisional) from 206.4 (provisional) for the previous month due to higher price of chewing tobacco (scented or not ) and dried tobacco (4% each) and beer (1%).

The index for ‘Textiles’ group rose by 0.1 percent to 139.6 (provisional) from 139.4 (provisional) for the previous month due to higher price of jute yarn (4%), jute sacking cloth (2%) and jute sacking bag, gunny and hessian cloth and cotton yarn (1 % each).  However, the price of tyre cord fabric (1%) declined.

The index for ‘Wood & Wood Products’ group rose by 0.3 percent to 195.9 (provisional) from 195.3 (provisional) for the previous month due to higher price of plywood & fibre board (1%).  However, the price of processed wood (1%) declined.

The index for ‘Paper & Paper Products’ group declined by 0.1 percent to 155.5 (provisional) from 155.7 (provisional) for the previous month due to lower price of corrugated sheet boxes (2%) and printing and writing paper (1%).  However, the price of cream laid woven paper and newsprint (1% each) moved up.

The index for ‘Leather & Leather Products’ group rose by 0.3 percent to 145.2 (provisional) from 144.8 (provisional) for the previous month due to higher price of leathers (1%).

The index for ‘Rubber & Plastic Products’ group declined by 0.1 percent to 145.0 (provisional) from 145.2 (provisional) for the previous month due to lower price of tyres (1%).  However, the price of tubes (2%) moved up.

The index for ‘Chemicals & Chemical Products’ group declined by 0.1 percent to 149.5 (provisional) from 149.7 (provisional) for the previous month due to lower price of ammonium sulphate (4%) and photographic goods, pesticides,     rubber chemicals and basic organic chemicals (1% each).  However, the price of lacquer & varnishes (4%), synthetic resin (3%), hair / body oils (2%) and washing powder (1%) moved up.

The index for ‘Non-Metallic Mineral Products’ group declined by 0.5 percent to 177.7 (provisional) from 178.6 (provisional) for the previous month due to lower price of marbles (3%), asbestos corrugated sheet (2%) and railway sleeper, slag  cement and grey cement (1% each).  However, the price of polished granite (1%) moved up.

The index for ‘Basic Metals, Alloys & Metal Products’ group rose by 0.5 percent to 150.4 (provisional) from 149.6 (provisional) for the previous month due to higher price of gold & gold ornaments (7%), steel rods (5%), zinc and     pipes/tubes/rods/strips (2% each) and lead, silver, wire rods, ferro silicon and CRC (1% each).  However, the price of steel (5%),     iron castings and pig iron (2% each) and gp/gc sheets, billets, melting scrap, ferro manganese, joist & beams, steel structures and pencil  ingots (1% each) declined.

The index for ‘Machinery & Machine Tools’ group rose by 0.1 percent to 135.1 (provisional) from 134.9 (provisional) for the previous month due to higher price of fibre optic cable (4%), machine tools and grinding /wet coffee machinery (3% each), engines (2%) and ball/roller bearing and earth moving machinery (1% each).  However, the price of industrial  valves (2%) and insulators (1%) declined.

FINAL INDEX FOR THE MONTH OF DECEMBER, 2015 (BASE YEAR: 2004-05=100)

For the month of December, 2015, the final Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) stood at 176.8 as compared to 177.4 (provisional) and annual rate of inflation based on final index stood at -1.06 percent as compared to -0.73 percent (provisional) respectively as reported on 14.01.2016.


Next date of press release: 14/04/2016 for the month of March, 2016
Office of Economic Adviser, Ministry of Commerce & Industry, New Delhi,
This press release is available at our home page http://eaindustry.nic.in

Annexure-I
Wholesale Price Index and Rates of Inflation (Base Year: 2004-05=100)

Month of February, 2016

Commodities/Major Groups/Groups/Sub-Groups
Weight
WPI Feb- 2016
Latest month over month
Build up from March
Year on year
2014-15
2015-16
2014-15
2015-16
2014-15
2015-16
ALL COMMODITIES
100.00000
174.0
-0.96
-0.97
-2.61
-1.19
-2.17
-0.91
PRIMARY ARTICLES
20.11815
244.7
-0.50
-3.40
0.63
2.38
1.01
1.58
Food Articles
14.33709
259.1
-0.67
-3.18
6.86
3.93
7.83
3.35
Cereals
3.37323
236.1
-0.13
-0.25
1.04
2.16
1.13
1.11
Rice
1.79348
235.2
-0.04
-0.30
3.02
0.68
3.28
-1.63
Wheat
1.11595
221.6
-0.46
-0.85
-1.15
2.83
-2.40
2.78
Pulses
0.71662
356.4
0.51
-3.70
12.74
38.25
14.50
38.84
Vegetables
1.73553
220.2
-11.43
-23.91
14.82
1.57
15.28
-3.34
Potato
0.20150
152.2
-11.11
0.46
-15.68
0.66
-5.20
-6.28
Onion
0.17794
299.4
4.48
-14.06
41.63
-9.95
25.96
-13.22
Fruits
2.10717
236.1
1.73
2.12
11.17
-3.16
16.84
-1.95
Milk
3.23818
251.7
0.04
0.36
7.52
1.78
7.99
1.74
Egg, Meat & Fish
2.41384
298.4
2.52
0.37
2.02
2.86
1.59
3.47
Non-Food Articles
4.25756
217.9
-0.77
-2.94
-5.47
7.55
-5.64
5.88
Fibres
0.87737
210.1
-3.28
-1.68
-19.58
8.63
-22.69
9.54
Oil Seeds
1.78051
210.0
-0.34
-2.46
-2.13
2.74
-0.20
3.65
Minerals
1.52350
183.0
1.98
-8.13
-28.31
-24.78
-29.55
-26.12
FUEL & POWER
14.91021
169.6
-4.13
-1.17
-15.41
-9.79
-14.77
-6.40
Liquefied petroleum gas
0.91468
162.1
-2.46
-1.40
-8.04
-0.37
-8.86
-0.25
Petrol
1.09015
153.7
-4.96
-0.65
-22.58
-6.90
-21.80
-1.03
High speed diesel
4.67020
173.8
-6.13
-0.74
-18.51
-14.47
-17.59
-7.75
MANUFACTURED PRODUCTS
64.97164
153.1
-0.32
0.26
-0.13
-0.52
0.26
-0.58
Food Products
9.97396
178.1
-0.76
0.79
0.89
4.70
1.25
4.40
Sugar
1.73731
185.2
-2.04
3.81
-3.05
6.13
-2.20
4.16
Edible Oils
3.04293
150.2
-0.61
0.40
-0.61
3.73
-0.82
3.16
Beverages, Tobacco & Tobacco Product
1.76247
207.2
0.45
0.39
3.58
1.97
4.06
2.22
Cotton Textiles
2.60526
155.4
-0.50
0.32
-4.24
-1.46
-2.47
-1.58
Man Made Textiles
2.20573
129.1
-0.08
-0.23
-1.93
-2.64
-1.71
-2.49
Wood & Wood Products
0.58744
195.9
0.11
0.31
1.12
3.27
2.99
3.38
Paper & Paper Products
2.03350
155.5
0.07
-0.13
2.57
1.70
3.56
2.71
Leather & Leather Products
0.83509
145.2
-0.42
0.28
-2.74
2.04
-2.34
2.25
Rubber & Plastic Products
2.98697
145.0
-0.40
-0.14
-1.33
-2.23
-0.74
-1.96
Chemicals & Chemical Products
12.01770
149.5
-0.59
-0.13
-1.31
-0.93
-0.79
-0.73
Non-Metallic Mineral Products
2.55597
177.7
0.74
-0.50
5.19
-0.56
5.26
0.85
Cement & Lime
1.38646
173.6
1.34
-0.52
6.03
-2.31
5.20
-0.23
Basic Metals Alloys & Metal Product
10.74785
150.4
-0.61
0.53
-2.39
-7.10
-2.21
-8.07
Iron & Semis
1.56301
132.4
-1.18
-0.75
-4.78
-11.08
-5.02
-12.49
Machinery & Machine Tools
8.93148
135.1
-0.07
0.15
1.50
0.07
1.81
-0.07
Transport Equipment & Parts
5.21282
138.2
0.15
0.00
0.96
0.66
0.96
0.80






Annexure-II








Trend of Rate of Inflation for some important items during last six months








Commodities/Major Groups/Groups/Sub-Groups
Weight (%)
Rate of Inflation for the last six months
Feb-16
Jan-16
Dec-15
Nov-15
Oct-15
Sept-15
100.00
-0.91
-0.90
-1.06
-2.04
-3.70
-4.59
PRIMARY ARTICLES
20.12
1.58
4.63
4.58
2.15
0.04
-2.29
Food Articles
14.34
3.35
6.02
7.89
5.55
3.33
0.84
Cereals
3.37
1.11
1.24
1.93
0.51
-0.13
-1.02
Rice
1.79
-1.63
-1.38
-1.25
-3.26
-3.40
-3.76
Wheat
1.12
2.78
3.19
3.91
4.44
4.58
3.29
Pulses
0.72
38.84
44.91
55.76
58.09
53.06
38.94
Vegetables
1.74
-3.34
12.52
19.50
13.25
3.17
-8.60
Potato
0.20
-6.28
-17.08
-35.40
-52.87
-58.10
-57.98
Onion
0.18
-13.22
5.51
18.32
44.51
89.52
120.69
Fruits
2.11
-1.95
-2.32
-0.55
-2.59
-4.46
-5.15
Milk
3.24
1.74
1.42
1.78
1.58
1.75
2.16
Egg, Meat & Fish
2.41
3.47
5.69
5.03
0.49
0.46
2.02
Non-Food Articles
4.26
5.88
8.24
7.84
6.33
5.10
2.70
Fibres
0.88
9.54
7.77
2.71
0.10
-2.20
-6.86
Oil Seeds
1.78
3.65
5.90
8.23
6.97
6.66
2.50
Minerals
1.52
-26.12
-17.99
-31.02
-32.95
-33.64
-34.27
FUEL & POWER
14.91
-6.40
-9.21
-9.15
-10.99
-16.32
-17.71
Liquefied petroleum gas
0.91
-0.25
-1.32
-2.51
-5.74
-5.83
-5.45
Petrol
1.09
-1.03
-5.32
-7.90
-9.36
-13.16
-14.78
High speed diesel
4.67
-7.75
-12.76
-13.80
-16.69
-26.21
-28.10
MANUFACTURED PRODUCTS
64.97
-0.58
-1.17
-1.49
-1.42
-1.67
-1.73
Food Products
9.97
4.40
2.79
1.69
1.10
0.46
-0.69
Sugar
1.74
4.16
-1.71
-7.51
-11.22
-13.08
-16.45
Edible Oils
3.04
3.16
2.12
4.68
4.66
4.74
3.35
Beverages, Tobacco & Tobacco Product
1.76
2.22
2.28
2.03
2.23
2.29
2.13
Cotton Textiles
2.61
-1.58
-2.39
-2.51
-3.18
-4.00
-4.52
Man Made Textiles
2.21
-2.49
-2.34
-3.78
-4.26
-5.09
-4.91
Wood & Wood Products
0.59
3.38
3.17
3.28
4.86
4.81
3.91
Paper & Paper Products
2.03
2.71
2.91
2.58
2.38
2.31
2.72
Leather & Leather Products
0.84
2.25
1.54
0.21
-1.16
-1.37
-0.95
Rubber & Plastic Products
2.99
-1.96
-2.22
-2.61
-2.60
-2.78
-2.71
Chemicals & Chemical Products
12.02
-0.73
-1.19
-1.71
-2.02
-1.83
-1.89
Non-Metallic Mineral Products
2.56
0.85
2.12
2.71
2.28
0.45
1.26
Cement & Lime
1.39
-0.23
1.63
3.25
3.22
-0.12
1.04
Basic Metals Alloys & Metal Product
10.75
-8.07
-9.11
-9.23
-8.00
-7.50
-6.74
Iron & Semis
1.56
-12.49
-12.87
-14.16
-13.67
-12.96
-10.90
Machinery & Machine Tools
8.93
-0.07
-0.30
0.22
0.15
0.00
0.07
Transport Equipment & Parts
5.21
0.80
0.95
1.47
1.62
1.32
1.25




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