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The number of forms to file a trademark application has been reduced to 8 from 74 as the Narendra Modi government continues to look at ways to ease rules for businesses.
India ranks behind its BRICS peers (Brazil, Russia, China, South Africa) at 130 on World Bank’s Ease of Doing Business Index as multiple clearances and a maze of rules make it difficult to start and run businesses. The Modi government has been trying to streamline processes and cut paperwork to boost India’s rankings.
The commerce ministry’s statement said fee for individuals, startups and small enterprises to file a trademark application has been kept at Rs 4,500, lower than the Rs 8,000 proposed in draft norms. The new rules also lay out modalities for determining ‘well-known’ trademarks, the statement said without giving details.
While trademark filings jumped 35 percent in 2015-16 over the previous financial year, the ministry said the time to examine an application has been brought down from 13 to one month.
( The article was originally published at BloombergQuint.)
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