Q. 215.0( 1 Vote )

The Indian Govern

Answer :

The unethical practice adopted by MNC is Biopiracy. It refers to the use of bio-resources by multinational companies and other organizations’ without proper authorization from the countries and people concerned without compensatory payment. Turmeric is one of great value among Indian traditional herbal medicines. If we are not vigilant and if we did not oppose these patent applications, other countries may encash our rich legacy and we may not able to do anything about it.

Indian Parliament has recently cleared the second amendment of the Indian Patent Bills, including patent terms emergency provisions and research and development initiative. Thus preventing the exploitation of traditional knowledge and bio resources of the nation by multinational companies.

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