Anti-Counterfeiting should be strategy for economic well-being of India: ASPA
|
The industry association of authentication & traceability solutions providers in India had recommended Anti-Counterfeiting Strategy for economic well-being in country. In Financial year 2019-20, the Government of India is expected to witnessed a shortfall of Rs. 2 Trillion. At the same time counterfeiting, smuggling & illicit activities are resulting in loss of more than Rs. 1 Trillion loss of sale to industries & economy every year adding to the difficulty for businesses. According to reports, the estimated tax loss to the exchequer from counterfeiting products is approximately Rs 39,239 crores.
Considering these circumstances, plugging counterfeiting can help Government increase Tax Revenues, safeguard businesses & prevent social security frauds. Till now a few steps have been taken towards anti-counterfeiting, but no government has adopted it as a strategy for economic well-being of the country. space market will greatly simplify the complex regulatory and supply-chain landscape in the industry.
For more
click here
|
|
Russia plan's to make every good traceable
|
The USA, Singapore, United Kingdom, South Korea, and Japan are typically considered the top five most digitally advanced countries according to many metrics. Experts believe that these leaders of the digital economy have one thing in common – each of them has a comprehensive digital strategy of its own. Russia has come close to joining this digital power club in recent years as its citizens are becoming more tech-savvy and exposed to massive state and privately-operated digital ecosystems. The digital economy in Russia started with a nationwide transition to online fiscal cash registers in the retail sector followed by plans to digitize all industries. In 2018, Russia launched Chestny ZNAKTM, its first nationwide digital track and trace system, set to become the cornerstone of industrial digitalization. By 2024, the system is expected to cover most of the commodity and consumer goods traded throughout Russia. .
For more
click here
|
|
Qatar invited bid for pharma traceability
|
The Ministry of Public Health (MOPH), Qatar have invited to establish a comprehensive National system for tracking and tracing of pharmaceuticals throughout the entire pathway from manufacturer(s) / port of entry to the dispensing of the product to the patient; supporting the sector's strategic, regulatory, and patient safety objectives. Local, regional or international Consultancy firms and companies with extensive experience and specialist skills and knowledge in Designing, developing, and implementing pharmaceutical track and trace solution in a regional /national/ large scale setting; those with an IT healthcare, Data Management, pharmaceutical supply chain management and controlled substances management expertise are invited for the bid.
|
|
Kerala riding the blockchain wave in India
|
After
Telangana
, Kerala government is planning to leverage blockchain in the financial sector and human resources. In the next five years, the state plans to make its financial system more efficient and implement pilot government schemes by creating a talent pool of professionals in the area of blockchain. The Kerala government is looking at implementing blockchain-enabled pilot schemes in land records, managing workforce, immunisation programmes and organic food traceability among others.
For more
click here
|
|
Brands: How DIESEL fight counterfeiting?
|
Diesel has recently announced some new, important steps aimed at protecting its brand identity, as part of a radical decision, taken a few years ago, to revise and implement its distribution strategy while cutting wholesale accounts not in line with its own image and evolution aims. In 2019 the company seized and destroyed tens of thousands of fake goods worldwide also involving the digital space.
For more
click here
|
|
Horsemeat scam shows weak links in food chain: Traceability must be improved
|
Europol revealed details of arrests made in Spain this week over a fresh horsemeat scam. But rather than feeling reassured, observers suggest this is further evidence of systemic weaknesses in the food chain that are exploited by criminal elements. The gang had been actively selling unfit meat onto the market since 2015. The seized false documents confirmed that the organized crime group could have been responsible for introducing meat from hundreds of slaughtered animals onto the market, which failed to comply with national and European regulations, "Europol noted.
For more
click here
|
|
SICPA join OECD blockchain expert group
|
SICPA has joined the OECD blockchain expert group to provide advice on its work on blockchain and other distributed ledger technologies; this will include the development of high-level blockchain policy principles. The formation of the group follows the establishment of the OECD’s
Blockchain Policy Centre
in 2018. The Blockchain Policy Centre provides a global reference point for policy makers and supports the co-ordination of OECD work on blockchain and other distributed ledger technologies, work lead at the OECD by its Committee on Financial Markets (CMF) in cooperation with the Committee on Digital Economy Policy (CDEP).
For more
click here
|
|
Counterfeit goods costing UK economy £13.6bn
|
The global trade in fake goods, from cosmetics to car parts, is costing the UK economy billions of dollars a year in forgone company sales, overpriced products and tax revenues, and was behind more than 86,000 lost jobs in 2016, according to a new OECD report.
For more
click here
|
|
Thailand trials blockchain for rice traceability
|
Thailand
cementing its position as a blockchain adopter, with several government agencies launching projects to test the feasibility of the distributed ledger technology. Now, Thailand’s Trade Policy and Strategy Office (TPSO) has announced that it will launch a blockchain traceability solution for agricultural products, starting with a pilot for organic rice, reported
Nation Thailand
. Rice tops Thailand’s agricultural commodity exports, according to data from the Ministry of Commerce. TPSO director-general Pimchanok Vonkorpon said the project would launch as soon as the department receives the operational budget for fiscal 2020.
For more
click here
|
|
Oranco China, launches Anti-Counterfeiting Laser Technology for Liquor & Imported Wines
|
Chinese alchohol wholesaler Oranco has launches blockchain-based anti-counterfeiting laser recognition proprietary technology. Headquartered in Fenyang City, China, Oranco promotes premium alcoholic beverages to China’s population. It currently focuses its business on the sale of Chinese Fenjiu liquor and imported wines.
For more
click here
|
|
Tanzania Revenue Authority records 34% increased revenues on Liquor
|
TANZANIA Revenue Authority (TRA) has recorded an increase of 34 per cent in excise duty on local and imported spirits and wines between February and October, this year, thanks to the rolling out of the two phases of Electronic Tax Stamp (ETS) management system. According to TRA's Deputy Commissioner General, Mr Msafiri Mbibo, the authority collected 77.8bn/- during the period under review compared to 58.2bn/-which was recorded during the same period last year, translating to an increase of 19.6 per cent.
For more
click here
|
|
HP's anti-fraud program seizes goods worth ₹800 million
|
India:
HP Inc
.'s Anti-Counterfeiting and Fraud (ACF) program has seized counterfeit products worth ₹800 Million in India in the past one year with Delhi-National Capital Region (NCR) leading the chart with products worth ₹330.5 Million.
Read more,
click here
|
|
Holography Trade Body Looks Forward to ‘New Growth and Opportunity’ in 2020
|
Rising global demand for ID and packaging security and authentication devices will strengthen the market for holography in 2020, according to the sector’s international trade body. The International Hologram Manufacturers Association (IHMA) sees continued integration of holograms alongside other authentication and track and trace technologies driving growth in the next 12 months, underpinning moves to support overt and covert protection strategies.
Read More
|
|
Dotz raises $3M to market tracing and anti-counterfeiting solutions
|
Dotz Nano has raised $2 million through a share placement to venture capital fund Southern Israel Bridging Fund, sophisticated investors and shareholders. Additionally, a total of $1 million has been secured through a deferred share placement with the Southern Israel Bridging Fund (SIBF). "SIBF specialises in assisting companies with unique potential and breakthrough technologies to scale up and reach the next stage of commercialisation," Dotz CEO Uzi Breier said. The funds raised will enable the tracing technology company to execute its commercialisation strategy and target manufacturers and end-customers in the anti-counterfeiting, oil and gas, and product liability sectors.
Read More
|
|
New Survey: Pharma Companies are looking to technology and digitalization, but will this be enough?
|
Pharmaceutical supply chains regularly underperform their counterparts in other industries. Pharma companies require more lead time for manufacturing, utilize less of their production capacity, and carry an unsustainable amount of inventory. By every measure, pharma supply chains could improve—and industry decision-makers have noticed. But driving changes goes beyond the standard call to simply digitize everything. The future of pharma companies depends on their ability to sense potential problems or changing demands in the supply chain and adapt their response.
Read More
|
|
Manipur plans to legalise cannabis for ‘medicinal and industries’ purposes: Biren Singh :
Read more
To Eliminate Fake Cannabis, Solo Science Launches New Authentication System:
Read more
|
|
Counterfeit Incidents from Counterfeit News Repository
|
|
Organisation Name: The Ministry of Public Health (MOPH)
Country: Qatar
Description: Tender are Invited to Qatar Pharmaceutical Track and Trace Systems
Deadline: 23 February 2020
Organization Name: Mobile County
Country: United States
Description: Tenders are invited for 25 million tax stamps
Deadline: 12 February 2020
|
|
|
|
|
|
|
