Compensatory Afforestation Fund Bill

The Compensatory Afforestation Fund (CAF) Bill, introduced in the Parliament in 2015, has been passed in the Monsoon Session of 2016. The enabling provisions for releasing and making use of the funds to the tune of Rs 42,000 crores, which were lying unused with the Central Government for a long time, made this Bill a much-awaited Bill.

The bill to establish national and state compensatory afforestation fund, which may lead to unlocking of over Rs 40,000 crore from the Centre, was passed by parliament today.

A day after Prime Minister Narendra Modi rued that Rajya Sabha failed to pass the Compensatory Afforestation Fund Bill, Congress today hit out at the government for not accepting the amendments proposed by opposition parties.

The Compensatory Afforestation Fund (CAF) Bill, introduced in the Parliament in 2015, has been passed in the Monsoon Session of 2016. The enabling provisions for releasing and making use of the funds to the tune of Rs 42,000 crores, which were lying unused with the Central Government for a long time, made this Bill a much-awaited Bill.

The bill to establish national and state compensatory afforestation fund, which may lead to unlocking of over Rs 40,000 crore from the Centre, was passed by parliament today.

A day after Prime Minister Narendra Modi rued that Rajya Sabha failed to pass the Compensatory Afforestation Fund Bill, Congress today hit out at the government for not accepting the amendments proposed by opposition parties.