RS passes Compensatory Afforestation Fund Bill
The Rajya Sabha on Thursday passed the Compensatory Afforestation Fund Bill, 2015, which seeks to unlock over ₹41,000 crore earmarked for afforestation projects. Passed by the Lok Sabha in May, the bill envisages the establishment of National and State Compensatory Afforestation Funds. In the absence of these authorities, the allocated amount has been lying unspent for the last four years.