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With reference to the 'National Intellectual Property Rights Policy', consider the following statements:
1. It reiterates India's commitment to the Doha Development Agenda and the TRIPS Agreement.
2. 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
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to the 'National Intellectual Property Rights Polic...
The Union Cabinet approved the National Intellectual Property Rights (IPR) Policy in 2016 that will lay the future roadmap for intellectual property in India. This policy shall weave in the strengths of the Government, research and development organizations, educational institutions, corporate entities including MSMEs, start-ups and other stakeholders in the creation of an innovation-conducive environment, which stimulates creativity and innovation across sectors, as also facilitates a stable, transparent and service-oriented IPR administration in the country. The Policy recognizes that India has a well-established TRIPScompliant legislative, administrative and judicial framework to safeguard IPRs, which meets its international obligations while utilizing the flexibilities provided in the international regime to address its developmental concerns. It reiterates India’s commitment to the Doha Development Agenda and the TRIPS agreement. Hence statement 1 is correct.
These objectives are sought to be achieved through detailed action points. The action by different Ministries/ Departments shall be monitored by DIPP which shall be the nodal department to coordinate, guide and oversee implementation and future development of IPRs in India. Hence statement 2 is correct.
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Most Upvoted Answer
With reference to the 'National Intellectual Property Rights Polic...
National Intellectual Property Rights Policy

The National Intellectual Property Rights Policy was released by the Government of India in 2016. It aims to promote innovation and creativity in the country and ensure that the intellectual property rights of the creators are protected.

Statement 1: It reiterates India's commitment to the Doha Development Agenda and the TRIPS Agreement.

- The Doha Development Agenda is a trade negotiation round under the World Trade Organization (WTO) which aims to address the needs of developing countries.
- The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is a WTO agreement that sets down minimum standards for intellectual property regulation by the member countries.
- The National Intellectual Property Rights Policy reiterates India's commitment to the Doha Development Agenda and the TRIPS Agreement, which reflects India's stand on the importance of intellectual property rights in the global trade scenario.
- Therefore, Statement 1 is correct.

Statement 2: Department of Industrial Policy and Promotion is the nodal agency for regulating intellectual property rights in India.

- The Department of Industrial Policy and Promotion (DIPP) is a part of the Ministry of Commerce and Industry, Government of India. It is responsible for formulating and implementing policies related to industrial development and promotion.
- The DIPP is also the nodal agency for regulating intellectual property rights in India. It administers the laws related to patents, trademarks, designs, and geographical indications.
- Therefore, Statement 2 is correct.

Conclusion

Both statements 1 and 2 are correct. The National Intellectual Property Rights Policy reiterates India's commitment to the Doha Development Agenda and the TRIPS Agreement, and the Department of Industrial Policy and Promotion is the nodal agency for regulating intellectual property rights in India.
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With reference to the 'National Intellectual Property Rights Policy', consider the following statements:1. It reiterates India's commitment to the Doha Development Agenda and the TRIPS Agreement.2. 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 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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