The Compensatory Afforestation Fund aims at:
- imposing Cess and Surcharge on conversion of forest land to non-forest land
- reducing the net carbon emission by mitigating deforestation activities
Which of the above statements is/are correct?
Both are incorrect statements
Compensatory Afforestation involves undertaking Afforestation to compensate for loss of forest cover. The Fund that is collected through payments for diversion of forest land for non-forest purposes (like industrial or infrastructure projects) will be bifurcated as 10% of the monies to the National Fund, and 90% to the State Funds.
This question is a part of GKToday's Integrated IAS General Studies Module