Q34. With reference to the ‘National Intellectual Property Rights Policy’, consider the following statements:
- It reiterates India’s commitment to the Doha Development Agenda and the TRIPS
Agreement. - Department of Industrial Policy and Promotion is the nodal agency for regulating intellectual
property rights in India.
Which of the above statements is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
The correct answer is Both 1 and 2.
- National Intellectual Property Rights Policy:
- The National Intellectual Property Rights Policy aims to create a country-wide ecosystem that fosters innovation and creativity in terms of IP awareness and creation, commercialization, and enforcement.
- The nodal department has been designated as the Department of Industrial Policy and Promotion (DIPP). Hence, statement 2 is correct.
- India introduced this policy as part of its commitment to the Doha Development Agenda and the TRIPS Agreement. Hence, statement 1 is correct.
- The National Intellectual Property Rights Policy encompasses and unifies all IPRs on a single platform.
- It intends to incorporate and adapt global best practises to the Indian context.
- TRIPS Agreement:
- TRIPS is an acronym for Trade-Related Aspects of Intellectual Property Rights. It is an international legal agreement between all World Trade Organization (WTO) member countries. It went into effect on January 1, 1995.
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