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August 10, 2026
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Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
August 10, 2026
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GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
August 10, 2026
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Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
August 10, 2026
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UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
August 10, 2026
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Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
August 10, 2026
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Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
August 9, 2026
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Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
August 9, 2026
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GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
August 9, 2026
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Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
August 9, 2026
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Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
August 8, 2026
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Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
August 8, 2026
Show AI Summary
Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
August 8, 2026
Show AI Summary
Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
August 8, 2026
Show AI Summary
Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
August 8, 2026
Show AI Summary
Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
August 8, 2026
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Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
August 8, 2026
Show AI Summary
Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
August 8, 2026
Show AI Summary
Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
August 7, 2026
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Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
August 7, 2026
Show AI Summary
Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.

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News and Press Release

India Witnesses 44% Surge in IP Filings Over Five Years, Driven by Key Policy Reforms and Digitization

July 22, 2025

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Geographical Indications See 380% Growth; Government Strengthens Protection of Indigenous Products

Startups, MSMEs, and Educational Institutions Benefit from Major IP Fee Concessions and Expedited Services

95% of IP Filings Now Online as Ministry Modernizes and Digitizes IP Ecosystem

NIPAM Reaches Over 25 Lakh Students; Ministry Deepens IP Awareness Across All States and UTs

Details of the total number of IP applications filed in India over the last five years by Indian citizens are provided in the table below:-

IP/ FY

Patents

Designs

Trade Marks

Copyright

GI

SICLD

2020-21

24,326

10,594

4,18,594

23,957

57

5

2021-22

29,508

19,245

4,34,084

30,748

116

2

2022-23

43,301

18,170

4,53,325

29,439

210

8

2023-24

51,574

26,536

4,63,108

36,710

134

2

2024-25

68,176

38,804

5,38,665

44,066

274

6

IP filings in the last five years have increased by44%, rising from 4,77,533 in 2020–21 to 6,89,991 in 2024–25. The highest growth was observed in Geographical Indications (GI) with a 380% increase, followed by Designs (266%), Patents (180%), Copyright (83%), Trademarks (28%), and Semiconductor Integrated Circuits Layout-Designs (SICLD) with a 20% rise.

The Government has undertaken several initiatives to enhance intellectual property (IP) activities and foster innovation and boost IP filing in India. Details of the major steps are as follows:

IP laws and rules have been amended to streamline and simplify the processing of IP applications, eliminate irregularities and bottlenecks, enhance the use of IT and digital technologies:

Patents

  • Timelines have been fixed and streamlined
  • Electronic submission of documents by patent agents has been mandatory. 
  • 10% less fees for online filing of application and documents
  • Requirements for filing priority documents and Form 27 (statement on the working of patents) have been simplified.
  • The time to submit request for examination has been reduced to 31 months from 48 months to fast-track the patent examination process.
  • ·Frequency to file ‘working statements of patents’ has been reduced from once in a year to once in every three years to lessen the administrative burden and compliance costs on the applicants.
  • The requirements and timelines for providing foreign filing details have been streamlined to simplify the patent application process, further reducing processing requirements and costs.
  • The procedure for filing and resolving pre-grant representations has been amended to curb frivolous opposition filings and promote genuine submissions. The amended pre-grant opposition procedure now requires a prima facie case for the opposition to proceed. Provisions for expedited examination are extended to applications with pre-grant opposition(s) to compensate for delays arising from pre-grant proceedings and ensure faster resolution of such cases.
  • Provisions for claiming benefits of Grace Period have been streamlined by incorporating a new form to make it easier for applicants to claim benefits of the grace period.
  • ‘Certificate of Inventorship’ has been introduced to enhance patenting ecosystem in India by formally recognizing efforts of the inventors in the patented inventions.
  • 10% reduction in the official fee for patent renewal is available if the fees for at least four years are paid in advance through electronic mode.

Trade Marks

  • Processing of Trade Mark applications has been simplified and streamlined.
  • 74 forms have been replaced with 8 consolidated forms.
  • Process for determination of well-known mark has been laid out.
  • Express provision for filing applications for sound marks has been provided.
  • Procedures relating to registration as Registered User of trademarks have been simplified.

Designs

  • Processing of design applications has been streamlined.
  • International classification under Locarno Agreement has been adopted.

Copyright

  • Compliance requirements for the registration of software have been reduced.
  • Functioning of copyright societies has been made more accountable and transparent.

 Geographical Indications

  •  Procedure for registration of Authorized User has been simplified.

Significant Fee Concessions have been given to Startups, MSMEs, and Educational Institutions

·         80% Fee Reduction in Patents for Startups, MSMEs, and Educational Institutions;

·         75% Fee Reduction in Designs for Startups, and MSMEs;

·         50% Fees Reduction for Trade Marks filing for Startups and MSMEs

Provisions for Expedited Examination have been introduced

  • Provision of Expedited Examination of Patent application has been introduced for Startups, MSMEs, Female Applicants, and Government Institutions/ Departments/ PSUs, applicants electing India an authority for international applications etc. under Rule 24(C) of Patents rules, 2003 (as amended).
  • Provision of Expedited Examination of Trade Mark applications is applicable to all category of the applicants

The ‘Certificate of Inventorship’ has been introduced in Patents to formally recognize the contributions of inventors in patented inventions and to incentivize innovation.

Modernization of IP Offices

IP Offices have been digitized and made online to make the system more compact, time bound, transparent and easier to use by applicants as well as Examiners and Registrars/ Controllers. Comprehensive E-Filing System has been introduced for the online filing and submission of Patent, Design, and Trade Mark applications and documents . Applicants no longer need to visit the IP office for filling and processing of their applications, with more than 95% of Patent and Trademark applications now filed online.

  • General features of Online Filing & Processing System:
  •  24x7 accessibility
  • Secure and user-friendly interface for filing IP applications
  • Availability of both e-Sign and Digital Signature Certificate (DSC) options 
  • Real-time status tracking of applications
  • All major communications are made through auto generated e-mails
  • Certificates of grant of patents are delivered online and can also be downloaded online.
  • Applicants can attend hearing via video conferencing, thereby avoiding physical appearance before the officers handling their applications.
  •  Examination of the applications in the office is also handled via an e- processing system
  • SMS Alert Facility

The IP Office website has been redesigned to improve contents and ease of access and make it more interactive, informative and easy to navigate. IP data on real-time basis has been made available on the website in respect of filing and processing of IP applications. The website provides login-free Search facility for hassle-free dissemination of IP information to stakeholders.

IP Dashboard Access and Features

A publicly accessible IP Dashboard has been introduced to provide real- time comprehensive data on various categories of Intellectual Property applications, including Patents, Designs, Trade Marks, Copyrights, and Geographical Indications. The dashboard can be accessed via the official website at ipindia.gov.in/dashboard. A quick-access link to the dashboard is also available on the website's homepage for user convenience.

AI-powered Trademark Search Technology: Artificial Intelligence (AI) and Machine Learning (ML) based Trademark Search Technology has been introduced for a more efficient and accurate examination and faster disposal of Trade Mark applications.

 IP Sarthi Chatbot: A digital assistant has been designed to provide instant support and guidance to users navigating the IP registration processes. Indian small businesses can get instant help regarding IPR by asking answers of the questions on the Chatbot.

“WIPO IP Diagnostics – Indian Adaptation”, a self-assessment tool, has been designed to enable small businesses to conduct a self-assessment of their intellectual property (IP) assets, providing guidance tailored to the Indian IP laws and procedures and enriched with local examples. By answering targeted questions, Indian small businesses can generate customized reports that offer insights into how India's IP system can support their strategic business objectives. For wider coverage, the tool has been made available multiple languages, English, Bengali, Hindi, Tamil, and Urdu.

National Intellectual Property Awareness Mission (NIPAM) – The Office of the Controller General of Patents, Designs & Trade Marks (CGPDTM) implements the National Intellectual Property Awareness Mission (NIPAM) to conduct IP awareness programs in educational institutions. Launched in 2021, the mission aimed to educate 1 million students as part of the Azadi Ka Amrit Mahotsav, celebrating 75 years of India's Independence. So far, about 9500 IP awareness programs have been conducted across all 28 states and 8 Union Territories, reaching over 25 lakh students and faculty.

National Intellectual Property (IP) Awards are conferred every year to recognize and reward the top achievers comprising individuals, institutions, organizations and enterprises, for their IP creations and commercialization, in order to encourage creativity and innovation in the country.

IPR Internship Programme

With the aim of contributing to the fulfillment of the objectives outlined in the National IPR Policy, the Office of the Controller General of Patents, Designs and Trade Marks (CGPDTM) has recently started four week IPR Internship Programme for students, research scholars, and professionals.

SIPP Scheme: SIPP Scheme: The Start-Ups Intellectual Property Protection (SIPP) scheme was launched in 2016 to provide pro bono facilitation to startups for the filing and processing of patent, trademark, and design applications. Under this scheme, the Office of the Controller General of Patents, Designs & Trade Marks (CGPDTM) bears the professional fees payable to facilitators. Its scope was also expanded to benefit Indian educational institutions using TISC services. Additionally, it now covers the filing of international patent applications filed in India.

Manpower Augmentation

Manpower in IP Office has been augmented multiple times to ensure timely and quality service to the stakeholder.

Sanctioned strength of the Patent Office has increased by 233%, from 431 in 2014 to 1,433 in 2024. Similarly, the working manpower has grown by 196%, from 281 in 2014 to 833 in 2024.

Similarly, 200 additional posts have been sanctioned in 2025 in Trade Marks, GI, and Copyright, making a 74% increase in the sanctioned strength.

Robust Grievance Redressal Mechanism: The IP Office has robust Redressal Mechanism which has been further strengthened to ensure the prompt, fair, and transparent resolution of complaints and concerns. Daily Open House Conference has been started to enable direct daily communication of stakeholders with senior officers to provide timely solutions to their problems and Open House IT Helpdesk has been created as a single- window platform to swiftly address queries and grievances across all key areas of Intellectual Property.

From 2004 to 2025, the registration of Geographical Indication (GI) applications in India exhibited a gradual increase, with domestic applications constituting the majority. Initial years showed a low registration trend, followed by steady growth and stabilization between 2010 and 2019, averaging around 20–30 applications annually. The COVID-19 pandemic led to a sharp decline in GI registrations during 2020–21. However, this was promptly followed by a significant surge in applications from 2022 onwards, peaking 160 applications in 2023–24 the highest recorded in a year.

This overall trend reflects growing awareness and emphasis on protecting local products through GI registration. The increasing domestic engagement with GI protections is likely driven by government initiatives and greater recognition of the economic and cultural value of GIs.

Total Geographical Indications Registered as on Date: 697

State-wise Number of GI tags issued till date: List attached as Annexure.

This information was given by the Minister of State for Ministry of Commerce & Industry, Shri Jitin Prasada, in a written reply in the Lok Sabha today.

ANNEXURE

ANNEXURE REFERRED TO IN REPLY PART (d) OF THE LOK SABHA UNSTARRED QUESTION NO. 293 FOR ANSWER ON 22ND  JULY, 2025.

Year wise Registered GI Applications as on date

Financial

Years

Indian

Applications

Foreign

Applications

No of

Applications

2004 – 2005

03

00

03

2005 – 2006

24

00

24

2006 – 2007

03

00

03

2007 – 2008

31

00

31

2008 – 2009

45

00

45

2009 – 2010

13

01

14

2010 – 2011

25

04

29

2011 – 2012

20

03

23

2012 – 2013

20

01

21

2013 – 2014

22

00

22

2014 – 2015

20

00

20

2015 – 2016

26

00

26

2016 – 2017

31

02

33

2017 – 2018

24

02

26

2018 – 2019

22

01

23

2019 – 2020

21

01

22

2020 – 2021

05

00

05

2021 – 2022

36

14

50

2022 – 2023

50

05

55

2023 – 2024

157

03

160

2024 - 2025

60

02

62

Totals

658

39

697

Goods wise Registered GI Applications as on date

SL.

No

Goods

No of

Applications

1

Handicraft

366

2

Agricultural

218

3

Manufactured

54

4

Food Stuff

56

5

Natural

03

Totals

697

Goods wise Registered GI Applications Indian & Foreign as on date

SLo

Goods

Indian

Applications

Foreign

Applications

Total

Applications

1

Handicraft

365

01

366

2

Agricultural

218

00

218

3

Manufactured

22

32

54

4

Food Stuff

50

06

56

5

Natural

03

00

03

 

Totals

658

39

697

State wise - Details of GI Applications Registered as on date

SL No.

State

Registered

1

Andaman & Nicobar (UT)

7

2

Andhra Pradesh

19

3

Arunachal Pradesh

19

4

Assam

40

5

Bihar

16

6

Chandigarh

0

7

Chattisgarh

7

8

Goa

10

9

Gujarat

28

10

Haryana

0

11

Himachal Pradesh

10

12

Jammu & Kashmir

24

13

Jharkhand

1

14

Karnataka

45

15

Kerala

37

16

Ladakh (UT)

4

17

Lakshadweep (UT)

0

18

Madhya Pradesh

21

19

Maharashtra

52

20

Manipur

6

21

Meghalaya

8

22

Mizoram

7

23

Nagaland

4

24

Odisha

26

25

Pondicherry

2

26

Punjab

0

27

Rajasthan

20

28

Sikkim

1

29

Tamil Nadu

69

30

Telangana

18

31

Tripura

4

32

Uttar Pradesh

76

33

Uttarakhand

26

34

West Bengal

34

35

Dadra and Nagar Haveli

0

36

India (In Multiple States)

17

37

Foreign

39

 

Totals

697


(Release ID: 2146928)

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