The much anticipated financial budget of 2016 was presented before the houses of the Parliament on February 29th, 2016. While the budget is being looked at as a good budget overall; the realm of Intellectual Property has found a few reasons to cheer. Mr. Jaitley, Finance Minister of the GoI has observed that “Research is a driver of innovation and innovation provides a thrust to economic growth”. In this light the Minister has proposed a special patent regime with 10…