With reference to the 'National Intellectual Property Rights Policy', consider the following statements:1. It reiterates India's commitment to the Doha Development Agenda and the TRIPS Agreement.2. Department of Industrial Policy and Promotion of the nodal agency for regulating intellectual property rights in India.Which of the above statements is/are correct?

The correct answer is Both 1 and 2.National Intellectual Property Rights Policy:It aims to establish an ecosystem in the COUNTRY conducive to innovation and creativity in terms of IP awareness and creation, commercialization, and ENFORCEMENT. The Department of INDUSTRIAL Policy and Promotion (DIPP) has been nominated as the nodal department. So statement 2 is correct.This policy was introduced as India's commitment to the Doha Development Agenda and the TRIPS Agreement. So statement 1 is correct.National Intellectual Property Rights Policy encompasses and brings to a single platform all IPRs.It aims to incorporate and adapt global best practices to the Indian scenario.TRIPS Agreement:It's an agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).It is an international legal agreement between all the member nations of the World Trade Organization (WTO).It came into effect on 1 January 1995.