National Watershed Conference Begins in Guntur (See 'Corp Brief') DG, IICA, underscores convergence between India Inc. & armed forces (See 'Corp Brief') RERA - Real Estate Regulatory Authority is, for all intents and purposes, 'Court' for purposes of transfer jurisdiction, and High Court has jurisdiction to order transfer unless bias is shown to exist: HC (See 'Legal Desk') RM inaugurates state-of-the-art DPSU Bhavan (See 'Corp Brief') Millet reflects Odisha's heritage and future: CM (See 'Corp Brief') NI Act - Legal notice sent to cheque drawer over dishonor of the instrument, must specifically demand payment of 'cheque amount', in absence of which preconditions to institute proceedings u/s 138 do not stand fulfilled: HC (See 'Legal Desk') TRAI releases paper on Interconnection matters (See 'Corp Brief') IPR - Order Registrar of Trade Marks failing to comply with Rule 100 of Trade Marks Rules, 2017, which mandates a minimum notice period before initiating suo moto cancellation proceedings, cannot be sustained: HC (See 'Legal Desk') Rijiju visits Saudi Arabia to fix Haj quota for 2026 (See 'Corp Brief') IBC - All dues, including statutory dues owed to Central Govt., any State Govt., or any local authority, if not included in Resolution Plan, shall stand extinguished: HC (See 'Legal Desk') Chouhan to participate in 'Mandia Dibasa' to promote millets (See 'Corp Brief') A&C - Justice must be advanced on merits of case rather than defeated by technical or procedural lapses, particularly when such lapses are attributable to institutional processes beyond control of appellant: HC (See 'Legal Desk') India welcomes Brazil's initiative to establish Tropical Forests Forever Facility (See 'Corp Brief') Prevention of Corruption Act, 1988 - purpose of imposing conditions while granting bail is to secure presence of accused during trial & not to curtail personal or professional liberty: HC (See 'Legal Desk') IWAI hands over Kalughat Intermodal Terminal to PPP Operator (See 'Corp Brief') IPR - Unfair advantage of reputation and goodwill amassed by plaintiff's marks, calls for passing off against defendant: HC (See 'Legal Desk') Chouhan addresses conference of 20,000 farmers in Maharashtra (See 'Corp Brief') FERA - If exporter chose to realise export proceeds in the Indian Currency, then he had to ensure that export is made within bilateral framework of trade: SAFEMA (See 'Legal Desk') India, Bhutan unite in Prayer: Buddha Relics for Global Healing at Thimpu Festival (See 'Corp Brief') Benami - Even if there are cash infusions into bank accounts of alleged benamidar, no provisional attachment can be made in absence of evidence to show that such infusions are made by beneficial owner: SAFEMA (See 'Legal Desk') NPG evaluates projects from Ministries of Road, Highways & Railways (See 'Corp Brief') IPR - Refusal of registration is contingent upon existence of 'likelihood of confusion': HC (See 'Legal Desk') Competition Law - Dominance alone does not constitute abuse u/s 4 and competition law will intervene in digital platforms only where market-wide harm, exclusionary conduct, or unfair leveraging is evident: CCI (See 'Legal Desk') Government intervention and Corporate governance (See CORP EINSICHT)

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India, UK ready to deepen trade relations post Brexit: Goyal

Published: Jul 16, 2019

By TIOLCORPLAWS News Service

NEW DELHI, JULY 16, 2019: THE Union Minister of Commerce & Industry, Mr Piyush Goyal, yesterday stated that the Indian Government is looking for ideas from all sides to strengthen and to give confidence to international investors, with the best of technologies, to come to India and invest. Interacting with the Indian diaspora in London last night, he stated that the Indian community has made India proud by their contributions to the economies of India and the United Kingdom and have also strengthened relations between the two countries. During his hour long interaction with the Indian Diaspora the Commerce Minister explained the strategy and focus of the newly elected Government. During its first term, the stress was on meeting the basic necessities of common citizens like, housing, electricity, cooking gas and financial inclusion, which has made a huge impact and difference to the lives of the citizens down to the last mile.

Mr Goyal termed the India Day event, which he would address on July 15, evening, where think tanks and finance companies would come together, as very important, because he would be able to highlight the package of incentives for financial companies, announced by the Finance Minister, Ms Nirmala Sitharaman, in the Union Budget 2019-20. He stated that he would showcase India's financial sector, in particular, the Gujarat International Finance Tec-City near Gandhi Nagar in Gujarat.

Mr Goyal further said that the FTAs entered into by India in 2009-10 had not been good deals and some of them are causing agony which is why India is looking at the United States to put that baggage behind and move forward. He informed that he is meeting with leaders of the Government and bureaucracy, during his three-day visit to the United Kingdom, to understand in which direction and time frame the UK is looking at for the BREXIT to happen. India is also in discussions to take the next step for deeper engagement with the UK. It is important the process is fast tracked now so that both nations are ready to work together speedily once BREXIT comes into effect, he mentioned.

Regarding the ongoing RCEP negotiations, Mr Goyal said that India is working for a fair deal which protects the country's interests and does not allow unfair market access. From now no agreement or trade pact on commerce would be at the cost of Indian interests, the country's sovereign requirements and interests of the citizens, said Mr Goyal. He informed that the Ministry is now trying to speed up the entire process and streamline the patent office. There was a 7-year backlog in 2014. He informed that from now on all patent applications would be in the public domain and transparency would be maintained. In respect of IPR enforcement, Mr Goyal mentioned that India has a long way to go as the process itself is very slow at the moment. The entire framework around IPR has to be strengthened in order to give confidence to international investors, with best of technologies, to come to India and invest.

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