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of <h1>Green Ray Foundation Gains Approval for Conservation Projects under Section 35CCB of Income-tax Act, 1961</h1> The Green Ray Foundation in Goa has been approved under section 35CCB of the Income-tax Act, 1961, by the Ministry of Environment and Forests for specific conservation programs. These include afforestation of 3.5 hectares of denuded land, recovery of wasteland with suitable plant species, development of resource management strategies, and construction of an earthen dam for water conservation with a windmill. The approval is valid from April 1, 1997, to March 31, 2000, with conditions requiring separate accounts for donations, annual progress reports, and financial statements. Compliance with these conditions is mandatory, and approval may be withdrawn if necessary.
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