What is the significance of the second amendment of the Indian Patents Bill?

What is the significance of the second amendment of the Indian Patents Bill?
  1. It authorizes the exploitation of bio-resources and traditional knowledge.
  2. It prevents the exploitation of bio-resources and traditional knowledge.
  3. It provides compensation for the exploitation of bio-resources and traditional knowledge.
  4. It takes into consideration issues related to patent terms, emergency provisions, and research and development initiatives.

Solution

The Indian Parliament has recently cleared the second amendment of the Indian Patents Bill, which takes into consideration issues related to patent terms, emergency provisions, and research and development initiatives.

Asked in: NCERT

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