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Cabinet approves proposal to align with global trademark system
The Union Cabinet has approved the proposal for accession of India to the Nice, Vienna and Locarno Agreements, that would harmonize the classification systems for examination of trademark and design applications, in line with the systems followed globally. The accession is expected to instill confidence in foreign investors in relation to protection of IPs in India.
Cabinet approves Measures to promote Hydro Power Sector
In order to boost hydro power generation, the government has approved a slew of measures including providing renewable energy status for large hydel projects and new funding provisions. With the government's decision, hydro projects above 25 MW will be considered as renewables and eligible for various incentives like financial assistance and cheaper credit (as per existing practice, only hydropower projects less than 25MW are categorized as Renewable Energy).
Union Cabinet approved new National Electronics Policy (NEP) 2019
The Cabinet has approved National Policy on Electronics 2019 in February 2019, which was proposed by Ministry of Electronics and Information Technology (MEITY) in 2018. The Policy aims to position India as a global hub for Electronics System Design and Manufacturing (ESDM) by encouraging and driving capabilities in the country for developing core components, including chipsets, and creating an enabling environment for the industry to compete globally. NEP 2019 replaces NEP 2012.
Cabinet approved setting up of firm to market ISRO’s Research and Development (R&D) work
Union Cabinet has given its approval to the Setting up of a new company under Department of Space (DoS), to commercially exploit R&D work carried out by Indian Space Research Organization (ISRO) Centers and constituent units of DOS. The cabinet decision will definitely encourage the private sector to indulge more in production of launchers and satellites.