The Indian parliament has recently cleared the ____ amendment of the Indian patents Bill that takes such issues into consideration, including patent terms emergency provisions and research and development initiative :-

Options

A. First
B. Third
C. Second
D. Fifth

Answer

**Step-by-Step Text Solution:**

1. **Understanding the Context**: The question refers to a recent amendment in the Indian Patents Bill that addresses issues related to patent terms, emergency provisions, and research and development initiatives.

2. **Identifying the Options**: The options provided are 1st, 2nd, 3rd, and 5th amendments.

3. **Analyzing the Issue**: The Indian Parliament's action is in response to concerns about multinational companies obtaining patents on products or services that are part of traditional knowledge in developing countries, including India. This raises issues of exploitation and inadequate compensation for indigenous people.

4. **Finding the Correct Amendment**: The transcript indicates that the Indian Parliament cleared the 2nd Amendment of the Indian Patents Bill, which addresses these concerns.

5. **Conclusion**: Therefore, the correct answer to the question is the 2nd Amendment of the Indian Patents Bill.

**Final Answer**: The Indian Parliament has recently cleared the 2nd Amendment of the Indian Patents Bill.

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