Biopiracy in the field of medicine is on the rise with Europe and the US being granted 2,000 patents every year for drugs based on Indian traditional systems of medicine. These patents are being granted by the US Patent and Trademark Office (USPTP), the European Patent Office (EPO) and other overseas patent offices. This startling claim was made by forests and environment minister Jairam Ramesh on Monday. It is to reverse...

The head of the United Nations World Intellectual Property Organization (WIPO) today wrapped up a five-day visit to India, during which a major focus of discussions was protecting traditional knowledge, genetic resources and folklore. Director General Francis Gurry lauded India as a “pioneer” in dealing with questions related to these three issues, according to a news release issued by the Geneva-based agency. In particular, he highlighted the publicly available Traditional...

Output and Growth     According to the [inside]Economic Survey 2017-18, Volume-2[/inside] (please click here to access): • The growth rates of agriculture & allied sectors have been fluctuating at 1.5 per cent in 2012-13, 5.6 per cent in 2013-14, (-) 0.2 per cent in 2014-15, 0.7 per cent in 2015-16 and 4.9 per cent in 2016-17. • The Gross Capital Formation (GCF) in Agriculture and Allied Sectors relative to Gross Value Added (GVA) in...