August 29, 2026 07:50 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
‘Clean my shoes’: Greater Noida woman detained after alleged abuse, assault of security guards | 21-year-old model stabbed to death in Delhi; gym trainer arrested after encounter | Abhishek Banerjee, Derek O'Brien, other TMC leaders booked after Camac Street clash with Kolkata Police | Kanpur plane crash: Training aircraft crashes near Ganges, two pilots killed | Big IT boost for Bengal: LTM opens global delivery & AI centre in Kolkata's New Town | 21-year-old Delhi model found stabbed at Delhi home, gym trainer accused of killing her | ‘Who is stopping her from wearing what she wants?’: Kangana Ranaut hits back at Kriti Sanon over Raksha Bandhan ad | 300 Indians missing in Nepal flash floods, 160 dead: Foreign Minister reveals grim toll | Supreme Court directs Tarun Tejpal to surrender within two weeks | Supreme Court notice to 20 rebel TMC MPs in disqualification plea

Amendments in the Compensatory Afforestation Fund Bill 2015

| | Apr 20, 2016, at 08:27 pm
New Delhi, Apr 20 (IBNS) The Union Cabinet chaired by Prime Minister Narendra Modi gave its approval on Wednesday to move official amendments in the Compensatory Afforestation Fund Bill, 2015.
 
The legislation will ensure expeditious utilization, in a transparent manner, of accumulated unspent amounts available with the ad hoc Compensatory Afforestation Fund Management and Planning Authority (CAMPA).
 
CAMPA presently has Rs.40,000 crore available in unspent amount, and is expected to see fresh accrual of compensatory levies and interest on accumulated unspent balance, of nearly Rs. 6,000 crore per annum.
 
According to the Cabinet, utilization of these amounts will facilitate timely execution of appropriate measures to mitigate impact of diversion of forest land, for which these amounts have been realised. Apart from mitigating the impact of diversion of forest land, utilisation of these amounts will result in creation of productive assets and generation of huge employment opportunities in the rural areas, especially the backward tribal areas. 
 
The amendments do not involve any additional expenditure. The legislation will extend to the whole of India except the state of Jammu and Kashmir. 
 
The Central Government introduced the Compensatory Afforestation Fund Bill, 2015 in the Lok Sabha on May 8, 2015.
 
On May 13, 2015, the  Lok Sabha referred the Bill to the Department-related Parliamentary Standing Committee on Science & Technology, Environment & Forests. On February, 26, 2016, the Committee submitted its report to the Parliament. The Central Government after examination of the report of the Department-related Parliamentary Committee proposed to move official amendments in the Bill. 
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.