Question
Which Category of Products account for the highest
number of GIs globally? 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
GIs in force relating to wines and spirits accounted for 56.6 percent of the global, followed by agriculture products and foodstuffs (34.2%). Handicraft accounted for 3.5% of the total.
India INX, an IFSC-based exchange, signed a cooperation agreement with Luxembourg Stock Exchange with an aim of ______________.
Funds flow statement is prepared to :
With respect to the Expenditure Budget, which of the following does not come under the Umbrella of Centers’ Expenditure there sub-classification?
The RBI has allowed international trade settlement in rupees for which AD banks need to open ____________, in terms of Regulation 7(1) of Foreign Exchan...
What is the minimum net worth of PFRDA for pension fund managers?
In 2008, India launched the National Action Plan on Climate Change (NAPCC), establishing _________ National Missions, covering several initiatives and a...
With respect to the Finance Bill, consider the following statements:
I. Imposition
II. Amendment
III. Remission
IV. Alterati...
The risk that the bank will not receive funds from its counter-parties on the due date is called
Which of the following categories of borrowers are eligible for housing loans from Urban Cooperative Banks (UCBs)?
How many Infrastructure Investment Trusts (InvITs) were registered at the end of the period 2023-24, as per SEBI Annual Report 2023-24? Â