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Lok Sabha passed the Compensatory Afforestation Fund Bill, 2015

On 3 May 2016 Lok Sabha passed the Compensatory Afforestation Fund bill, 2015.
It is intended to establish setting up of a National Compensatory Afforestation Fund and also a State Compensatory Afforestation Fund.
•    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: (a) compensatory afforestation, (b) net present value of forest (NPV), and (c) other project specific payments. 
•    These Funds will be primarily spent on afforestation to compensate for loss of forest cover
•    The Bill establishes the National and State Compensatory Afforestation Fund Management and Planning Authorities to manage the National and State Funds.
A High Level Committee on Environment Laws said that quality of forest cover has declined between 1951 and 2014, with poor quality of compensatory afforestation plantations being one of the reasons behind the decline.

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