Latest News
-
Tech Mahindra Q4 Results: Cons PAT Declines 41% YoY To Rs 661 Crore; Exits FY24 In Red -
1:5 Split Soon: Multibagger PSU Bank To Consider Dividend Too, Buy For TP Rs 650: Motilal Oswal -
Gold Price In US: Yellow Metal Rates Hold Steady Amidst Easing Middle East Tensions; GDP Data Awaited -
Multibagger Energy Stock To Reward Shareholders With 3 Bonus Shares, Hits 52-Week High -
Massive Rs 33/Sh Dividend By Larsen's IT Stock, 1650% Payout Soon; LTTS Earns Profit Of Rs 341 Crore In Q4 -
Rs 7.50/Share Dividend: Adani Group Cement Company Reports Strong Q4 Results; Profit Surges 2x YoY -
Closing Bell: Market Rebounds To End With Gains For 5th Straight Day; Sensex & Nifty Soar Led By Banks -
Gold Prices Ayodhya: In Ram-Janma-Bhumi, 24carat Falls By Rs 380 In 10-Grams, Drops By Rs 3,800 In 100-gram -
Penny Stock Hits 2nd Upper Circuit After Declaring Earnings, Gains 14% In 1-Week -
Rs 8.50/Share Dividend Recommended: Nestle India Reports 27% YoY Jump In Profit
Female Innovators To Get Faster Clearance On Patent Applications
To promote women entrepreneurship in the country, a DIPP proposal will allow expeditious examination of a patent application from a female innovator. The Department of Industrial Policy and Promotion (DIPP) under the commerce and industry ministry has floated draft rules to amend the Patent Rules, 2003.
The draft rules say that if the applicant or one of the applicants in a group is female, the application would get an expedited examination by the Indian Patent Office. "The move would help in promoting women entrepreneurship in the country. So far there was no such provision," PTI reported quoting an official. The official further said despite a huge number of women entrepreneurs in the country, "very few" come to seek patents.
Apart from this, DIPP is taking other steps to reduce time to examine and grant patents as well as trademarks, which include hiring more manpower and increase the use of technology. The target is to bring down the patent examination to 18 months by March 2020 from the present 5 to 7 years. The patent approval process includes filing an application, publication of the patent journal, its examination and then grant. If objections are raised or documentation is not properly done, it could delay the process.
