Question
Which was the first Indian product to get the
geographical indication tag? Despite having huge potential, poor awareness of the Geographical Indication (GI) tag's benefits for products has left India on the list of countries that have the least number of GI tagged products, said Assistant Collector Srutanjay Narayanan, who recently headed the first State-level conclave on geographical indications at Thoothukudi. A GI tag signifies the link between a product and its place of origin, and also its unique production method and distinguishing qualities, in effect promulgating traditional products in the global market. In a broader context, the GI tag is an integral form of rural development that can significantly advance our commercial and economic interests, Srutanjay told. Pointing out that Tamil Nadu had just 42 GI-tagged products, and the process is underway for 29 more products, he expressed concern that India as a whole was lagging far behind. "As of 2018, Germany topped the list with 15,566 GI-tagged products, with China in second place with 7,247 products. Even middle-income countries such as the Republic of Moldova, Bosnia, Herzegovina and Georgia boast of over 4,000 GI tags. In contrast, India had just 330 GI tags in force as of 2018," Srutanjay noted. "Though Tamil Nadu has potential for over 100 such tags, the associations, producers and artisans here are not aware of the registration process, or the scheme and subsidies they can avail of after securing the recognition," he said.Solution
Darjeeling tea was the first Indian product that was awarded the GI tag in 2004. Geographical indications are intellectual property rights which gives a sign to particular product from definite geographical origin and assure about its exclusive quality. It distinguishes the original product from other products in the market which helps in fetching premium price especially from the developed countries. The GI tags are of great significance as they boost exports and promote economic prosperity of the producer thereby leading to sustainable development. It is a mark of authenticity and ensures that registered authorized users or at least those residing inside the geographic territory are allowed to use the popular product names.
A shopkeeper marks up the price of an article by 40% on its cost price. He then offers a discount of 10% on the marked price. If the shopkeeper still ma...
A shop owner bought merchandise for Rs. 'u'. He then marked the price up by Rs. 2,800 above the purchase price and sold it after applying two sequential...
By selling an article for 2640, a person loses 15% of its selling price. At what price (in RS) should he sell it to gain 15% on its cost price?
A and B started a partnership business investing in the ratio of 3 : 8. C joined them after 4 months with an amount equal to 3/4th of B. What was their...
Ravi purchased an article and marked it 75% above the cost price and sold it after giving a discount of 25% for Rs. 1575. What will be the selling price...
A shopkeeper gives 2 article free on the purchase of every 7 article he also allows a discount of 10% to customer and still earns 26% profit. Find the r...
Selling price of an article after a discount of 25% is Rs 450. If cost price is Rs 320 then marked price is what percent more than cost price of article?
The selling price of an article is 30% more than its cost price. Given that the ratio of the marked price to the cost price is 26:15, determine the appr...
Anita bought 80 pencils for Rs. 96 and she sold them in such a manner so that selling price of 40 pencils is Rs. 72. Find the value of 2(P + 10) if the ...
'P' sold an item to 'Q' at 12.5% profit, 'Q' sold it to 'R' at 33(1/3)% loss. If 'R' paid Rs. 1,800, then find the price at which 'P' bought the item.