The Compensatory Afforestation Fund Bill, 2015 proposes using of the fund to finance which of the following
Choose the correct code:
The Compensatory Afforestation Fund Bill, 2015 proposes using of the fund to finance which of the following
Choose the correct code:
The correct option is C Only 1,2 and 4
The Bill establishes the National Compensatory Afforestation Fund under the Public Account of India, and a State Compensatory Afforestation Fund under the Public Account of each state.
These Funds will receive payments for: (i) compensatory afforestation, (ii) net present value of forest (NPV), and (iii) other project specific payments. The National Fund will receive 10% of these funds, and the State Funds will receive the remaining 90%.
These Funds will be primarily spent on afforestation to compensate for loss of forest cover, regeneration of forest ecosystem, wildlife protection and infrastructure development.
The Bill also establishes the National and State Compensatory Afforestation Fund Management and Planning Authorities to manage the National and State Funds.
Recently, Union Government has launched an e-payment module to make the payment of compensatory levies into the Compensatory Afforestation Management Planning Authority (CAMPA) Funds. This will improve transparency and accountability in forest management.
Only 1,2 and 4
The Bill establishes the National Compensatory Afforestation Fund under the Public Account of India, and a State Compensatory Afforestation Fund under the Public Account of each state.
These Funds will receive payments for: (i) compensatory afforestation, (ii) net present value of forest (NPV), and (iii) other project specific payments. The National Fund will receive 10% of these funds, and the State Funds will receive the remaining 90%.
These Funds will be primarily spent on afforestation to compensate for loss of forest cover, regeneration of forest ecosystem, wildlife protection and infrastructure development.
The Bill also establishes the National and State Compensatory Afforestation Fund Management and Planning Authorities to manage the National and State Funds.
Recently, Union Government has launched an e-payment module to make the payment of compensatory levies into the Compensatory Afforestation Management Planning Authority (CAMPA) Funds. This will improve transparency and accountability in forest management.
