A set of three statements regarding Intellectual Property Rights Policy launched in May 2016 are given below.  Read each statement and answer whether each statement is true or false? Statement 1: The time for examination of patents to come down to 3 years from 7 years by March 2018 Statement 2: The time for examination of trademarks to come down to 15 days from 13 months Statement 3: 721 additional technically competent Patent Examiners appointed

Intellectual Property Rights Policy launched in May 2016 is having salient features:  •Strong TRIPS compliant policy framework, Ease of Access using World-class IT enabled patent offices •Internationally acclaimed systems for International Searching and Preliminary Examination of patent applications •Augmentation of Manpower: 721 additional technically competent Patent Examiners appointed •Time for examination of patents to come down to 18 months from 7 years by March 2018 •Time for examination of trademarks to come down to 1 month from 13 months by March 2017