Q. Which of the following products has been termed as “Green Gold” in the Budget 2018?
Answer:
Bamboo
Notes: In Budget 2018, Bamboo has been termed as “Green Gold”. The Finance Minister announced a Re-structured National Bamboo Mission with corpus of Rs.1290 crore to promote bamboo sector. Taxonomically, bamboo is a grass. However, the Indian Forest Act, 1927 classifies Bamboo as tree as well as grass. While the bamboos produced in the forest area have been termed as tree, those produced in non-forest areas have been termed as grass. The recent change introduced in the Forest Act, 1927 has made Bamboo as one of the highest yielding renewable natural resource. The non-forest bamboo produce will now be used for artifacts and for infrastructure development.