Art & Culture Current Affairs 2018

BSE’s iconic Phiroze Jeejeebhoy Towers secures trademark

Stock exchange major Bombay Stock Exchange (BSE) has secured image trademark for its iconic building, Phiroze Jeejeebhoy Towers located on Dalal Street in Mumbai, Maharashtra under Trade Marks Act, 1999. With this, Phiroze Jeejeebhoy Towers joins elite club of distinguished structures around the world that have secured trademark rights.

Significance: Henceforth no one can use images of the  Phiroze Jeejeebhoy Towers for commercial purposes without consent from BSE or paying it licensing fee. Violators are liable to be prosecuted under Trade Marks Act, 1999.

Key Facts

BSE’s Phiroze Jeejeebhoy Towers serves as barometer of Indian economy. It is 28-floor building and was bulit almost 10 years, completed in 1980. At the time of its completion, it was the tallest building in India. Initially it was known as BSE Towers and was later renamed after late chairman of BSE, Sir Phiroze Jamshedji Jeejeebhoy. BSE was founded in 1875. It began as small group of brokers who functioned under a banyan tree on Dalal Street.

Trademark

Trademark refers to graphical representation of goods or services to make it distinguishable from others. It can be words, symbols, sound, colours, shape of goods, graphics representation or packaging etc. It protects owner against unfair competition, prevents damage to reputation of owner and consumer welfare.

In India, trademarks are governed under Trademarks Act, 1999 ( it deals with precise nature of rights one can acquire in respect of trademarks), under aegis of Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce. The implementing body is Controller General of Patents, Designs and Trademarks.

Mumbai’s Taj Mahal Palace hotel was first building in India to acquire image trademark under Trademark Act of 1999 in June 2017. Other iconic structures (builings) in the world that have received trademarks are Empire State Building, New York, USA; Eiffel Tower, Paris, France; Opera House, Sydney, Australia etc.

Month: Categories: Art & Culture Current Affairs 2018

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17th World Sanskrit Conference held in Vancouver, Canada

The 17th World Sanskrit Conference was held at Vancouver, Canada from 9th July to 13th July, 2018. It was inaugurated by Human Resource Development Minister Prakash Javadekar. The purpose of this conference was to promote, preserve and practice Sanskrit language all over world by the people.

Key Facts

The World Sanskrit Conference is being held in various countries across the globe once in every three years under the auspices of the International Association of Sanskrit Studies. So far it has been held thrice in India. This year, more than 500 scholars and delegates from over 40 countries participated in this conference and exchanged their knowledge by presenting papers on various subjects followed by discussions from amongst the members.

Special panel discussion were held on over dozen topics like History & Education of Women in Vedic Literature, Mimamsa Beyond the Yagasala, Sanskrit Buddhist Manuscripts, The Yuktidipika Forging Place for Sankhya, Research on Gargiyajyotisa and Introducing Bhagavata Purana Commentaries. Over 500 papers on various themes were presented during the 5-day conference.

Month: Categories: Art & Culture Current Affairs 2018

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