Reading Time: 7 mins Creativity and innovation are the energy source that fuels the growth and development of any knowledge economy. The 21st century, particularly, belongs to the knowledge era and is driven by the knowledge economy. With rapid globalization and liberalization of trade, there has been an emergence of “Intellectual Capital” as a key wealth generator resulting in Intellectual property rights becoming an irreplaceable element.
Reading Time: 5 mins
PepsiCo, a multi-million dollar conglomerate, has sued Gujarati farmers asking them to pay ₹1.05 crore each for alleged violation of Intellectual Property Rights (IPR).
The company claimed that farmers violated its patent rights by cultivating the potato variety used in its chips product named Lays.
However, after facing boycott calls by potato farmers and the government’s pressure, PepsiCo has offered to withdraw the case if the farmers stop growing the registered potato variety used in its Lays chips.
This issue highlights the importance of seed sovereignty and the role played by the Protection of Plant Varieties and Farmers’ Rights (PPV&FR) Act, 2001 in protecting the rights of the farmers and prevent seed monopoly.
This article explains the following in an analytical manner with a mindmap for quick revision:
- What is the issue?
- What is PepsiCo’s perspective?
- What is the farmers’ perspective?
- What is contract farming?
- What is seed sovereignty?
- What are the salient features of Protection of Plant Varieties and Farmers’ Rights (PPV&FR) Act, 2001?
- Why is the PPV&FR Act significant?
- What is the way forward?
Reading Time: 5 mins The Ministry of Chemicals & Fertilizers has recently released the Drugs (Prices Control) Amendment Order, 2019 which prescribes that the drugmaker who has brought in an innovative patented drug will be exempt from the price control rules for 5 years from the date of marketing. It is meant to strike the right balance between consumer and producer interests. However, it falls short of addressing certain concerns regarding the drug pricing regulation in India.