Q59.
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?
Answer
C
Explanation
The Union Cabinet approved the National Intellectual Property Rights (IPR) Policy in 2016. The Policy recognizes that India has a well-established TRIPS-compliant legislative, administrative and judicial framework. It reiterates India's commitment to the Doha Development Agenda and the TRIPS agreement. Hence statement 1 is correct. 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.