intellectual property rights in India Current Affairs, GK & News
In order to promote indigenous & Geographical Identification (GI) tagged products, first consignment of GI tagged sweet dish Mihidana from West Bengal was exported to Bahrain. Highlights GI tagged Mihidana was sourced from Bardhaman, West Bengal. Consignment of the sweet dish Mihidana was exported by APEDA registered M/S DM Enterprises, Kolkata. It was imported by Aljazira Group, Bahrain. It ..
In the second week of May 2016, the Union Cabinet has approved a new National Intellectual Rights Policy to outline the future roadmap for IPR in India. Vision Statement This policy has been released with a vision statement that envisages an India where – creativity and innovation are stimulated by IP for benefit of all; ..
Patents refer to enforceable exclusive rights granted to the inventor in exchange for his/her making their invention public. In India, an invention pertaining to a new product/process, involving an inventive step and capable of industrial application can be patented. Patents are a form of intellectual property. An inventor can also appoint an assignee who acts ..
The section 3 (d) of the Indian Patent Act, which was introduced in 2005, states that, for a new form of an existing substance to be patentable, it should show an ‘enhanced efficacy’. This section prevents pharmaceutical companies from evergreening and monopolising their drugs by merely making physico-chemical changes in their patented drug formulae without ..
Today, India is one of the leading players in the global generic drug market with Indian pharmaceutical companies ranked third in terms of volume of drugs sold globally. Though it has a modest 1-2% market share in global pharmaceutical market, the industry is growing at a remarkable rate of 10% annually. Until 2005, the Indian ..
A US lawmaker recently accused India of undermining intellectual property rights (IPR) of US pharma companies and of “rampant piracy and counterfeiting” by generic companies. These remarks were made in front of US Chamber of Commerce which released a report ranking India at the bottom of 25 countries in protection of intellectual property rights. However, ..