Indian Patents Bill is the step taken by the Government of India to cater to the requirement of patent terms and other emergency provisions in this regard. The Indian Patents Bill was introduced in 1995 and eventually passed in 2005, replacing the Indian Patents Act of 1970. The key provisions of the Indian Patents Bill are:

1. Product patents for all fields of technology: The Indian Patents Bill allows for the grant of product patents for all fields of technology, including pharmaceuticals and agrochemicals. This was a departure from the earlier provision of process patents, which allowed for the grant of patents for the process of manufacturing a particular product, but not the product itself.

2. Provision for compulsory licensing: The Indian Patents Bill provides for the grant of compulsory licenses in certain circumstances, such as in the case of a national emergency or for public non-commercial use. This provision is aimed at ensuring that patented medicines and other products remain affordable and accessible to the general public.

3. Prohibition of patenting of traditional knowledge: The Indian Patents Bill prohibits the patenting of traditional knowledge, which includes knowledge of indigenous communities and traditional medicinal practices. This provision is aimed at preventing biopiracy and ensuring that the benefits of traditional knowledge are shared with the communities that have developed it.

4. Protection of small-scale industries: The Indian Patents Bill provides for the protection of small-scale industries by allowing them to apply for patents without having to pay the full fees applicable to large-scale industries.

In conclusion, the Indian Patents Bill is an important step taken by the Government of India to cater to the requirement of patent terms and other emergency provisions in this regard. Its provisions are aimed at ensuring that patented products remain affordable and accessible, while also protecting traditional knowledge and small-scale industries.