Compensatory Afforestation Amendment Fund Bill, 2016
① The compensatory Afforestation Fund Bill, 2016 was passed on Ju1y 29, 2016 by the Parliament.
② The bill provides establishment of funds under the public accounts of the centre and state levels for compensatory afforestation.
③ The Bill has ended the long era of ad-hocism and will help the Centre and State Governments to utilise these amounts in a planned manner. It will facilitate make available more than Rs. 6,000 crores per annum to the States/UTs for conservation, protection, improvement and expansion of forest and wildlife resources of the country.