With reference to the National Intellectual Property Rights Policy, consider the following statements: It reiterates Indias commitment to the Doha Development Agenda and the TRIPS Agreement. Department of Industrial Policy and Promotion is the nodal agenc

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Q: 34 (IAS/2017)
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?

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,92,60,40,11,92,9

keywords: 

{'national intellectual property rights policy': [0, 0, 0, 1], 'intellectual property rights': [0, 0, 0, 1], 'industrial policy': [1, 0, 0, 3], 'doha development agenda': [0, 0, 0, 2], 'trips agreement': [0, 0, 1, 1], 'nodal agency': [0, 0, 0, 1], 'promotion': [1, 0, 5, 7], 'india': [8, 1, 7, 13]}

The correct answer is Option 3: Both 1 and 2.

Explanation:

1. The National Intellectual Property Rights (IPR) Policy was launched by the Government of India in May 2016. The policy aims to create a dynamic, vibrant, and balanced intellectual property rights system in India to foster innovation, creativity, and competitiveness. It reiterates India`s commitment to the Doha Development Agenda and the Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement.

The Doha Development Agenda is a trade agreement that was adopted by the World Trade Organization (WTO) in 2001. It includes provisions for developing countries like India to access affordable medicines by allowing them to produce generic versions of patented drugs. India has been a strong supporter of the Doha Development Agenda and has actively participated in the negotiations. The National IPR Policy reaffirms India`s commitment to this agreement.

The TRIPS Agreement is also a trade agreement that was adopted by the WTO in 1994. It sets out minimum standards for the protection and enforcement of intellectual property rights, including patents, trademarks, and copyrights. India is a signatory to this agreement and has implemented its provisions through the Patents Act, 1970, and other laws. The National IPR Policy reaffirms India`s commitment to the TRIPS Agreement.

2. The Department of Industrial Policy and Promotion (DIPP) is the nodal agency for regulating intellectual property rights in India. It is responsible for the formulation and implementation of policies relating to intellectual property rights, including patents, trademarks, copyrights, and geographical indications. The DIPP is also responsible for administering the various laws related to intellectual property rights and for granting and registering intellectual property rights in India.

In conclusion, both statements are correct. The National IPR Policy reaffirms India`s commitment to the Doha Development Agenda and the TRIPS Agreement, and the DIPP is the nodal agency for regulating intellectual property rights in India.