The interview is about:
Akriti Bhatia of Jan Ki Baat interviewed the Director of MSME Development Institute, Dr. R K Panigrahi regarding the urgent, conceptual need of IPR in India. Panigrahi defines IPR as the end result of a series of processes, from thinking of an idea, to incubating it and then finally, obtaining ownership of that idea and the resultant product.
Ownership of a house and a bar of gold is different because the former is a property while the latter, an asset. Properties, physical or intellectual, can be patented by registering it in the creators name which serves as an adequate justification of his ownership over the property. Patents, copyrights and trademarks are important components that IPR is made out of. Panigrahi differentiates between the three: patents are the results of thought process and intellectual activity; copyrights, too, are protective shields, but of a different kind that allows the original creator to keep getting money from whoever uses his/her idea. Trademarks function as geographical indicator of products origin despite the change in manufacturing sites.
The issues surrounding IPR, whats a copy and whats the original, is gray and remains to be discussed as essentially the problems are about what is tangible and what isnt. The idea of a cashless system and IPR is linked due to the dangers that possession of cash poses; loss cash also means loss of its ownership whereas a cashless transaction, in nature, is an IP. Demystification of the notion of the fear associated with being cashless is important for it to successfully float.