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PIB Summaries 03 April 2024

  1. Recognition of Matabari Pera and Pachra with GI Tags
  2. SKOCH ESG Award 2024


Context:

The Tripura Chief Minister announced that two traditional items from the state, Matabari Pera and Pachra, have been honoured with the Geographical Indication (GI) tag marking a significant milestone for local artisans and weavers.

Relevance:

GS III: Indian Economy

Dimensions of the Article:

  1. Recognition of Matabari Pera and Pachra with GI Tags
  2. Geographical Indications (GI) Tag

Recognition of Matabari Pera and Pachra with GI Tags

Matabari Pera:

  • A dairy-based confectionery traditionally served as prasad at the Tripurasundari temple.

Pachra:

  • A handwoven cloth used by Indigenous communities.

Significance of GI Tag:

  • Ensures legal protection against unauthorized imitation or misuse of the product.
  • Safeguards the product’s authenticity and preserves the cultural heritage it represents.

Benefits of GI Recognition:

  • Facilitates market access and promotion, both within India and internationally.
  • Creates economic opportunities for local communities engaged in the production of these products.

Previous GI Recognitions from Northeast:

  • Tripura’s queen pineapple and 13 other products from the Northeast have previously received the GI tag, underscoring the region’s diverse and unique offerings.

Geographical Indications (GI) Tag

Definition and Importance:
  • Geographical Indications of Goods indicate the country or place of origin of a product.
  • They assure consumers of the product’s quality and distinctiveness derived from its specific geographical locality.
  • GI tags are an essential component of intellectual property rights (IPRs) and are protected under international agreements like the Paris Convention and TRIPS.
Administration and Registration:
  • Geographical Indications registration in India is governed by the Geographical Indications of Goods (Registration and Protection) Act, 1999.
  • The registration and protection are administered by the Geographical Indication Registry under the Department of Industry Promotion and Internal Trade (DIPIT), Ministry of Commerce and Industry.
  • The registration is valid for 10 years, and it can be renewed for further periods of 10 years each.
Significance and Examples:
  • GI tags provide a unique identity and reputation to products based on their geographical origin.
  • The first product in India to receive a GI tag was Darjeeling tea.
  • Karnataka has the highest number of GI tags with 47 registered products, followed by Tamil Nadu with 39.
Ownership and Proprietorship:
  • Any association, organization, or authority established by law can be a registered proprietor of a GI tag.
  • The registered proprietor’s name is entered in the Register of Geographical Indication for the applied product.
  • Protection and Enforcement:
  • Geographical Indications protect the interests of producers and prevent unauthorized use of the product’s name or origin.
  • Enforcement of GI rights helps maintain the quality and reputation of the products associated with their specific geographical regions.
Location of the Geographical Indications Registry:
  • The Geographical Indications Registry is located in Chennai, India.


Context:

REC Limited won the SKOCH ESG Award 2024 for ‘Renewable Energy Financing’.

Relevance:

Facts for Prelims

Overview of REC (formerly Rural Electrification Corporation Limited)

Profile:

  • A ‘Maharatna’ Central Public Sector Enterprise under the Ministry of Power.
  • Registered with RBI as a Non-Banking Finance Company (NBFC) and Infrastructure Financing Company (IFC).

Scope of Funding:

  • Funds various infrastructure projects, both power and non-power.
  • Projects span from power generation to transportation and communication.
  • Supports sectors like renewables, electric vehicles, and green technologies.
SKOCH ESG Awards and Significance

Award Description:

  • SKOCH ESG Awards recognize organizations excelling in Environmental, Social, and Governance (ESG) practices.

Benchmark for Sustainable Business:

  • The Award and Assessment serve as a vital benchmark.
  • Highlights organizations’ commitment to India 2047 by emphasizing sustainable investments and processes for a sustainable business future.
About SKOCH Group
  • Established in 1997, the SKOCH Group is a leading Indian think tank.

Focus Areas:

  • Specializes in socio-economic issues.
  • Engages with a diverse spectrum of entities, ranging from Fortune 500 companies to community-based organizations.

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