https://www.taxtmi.com/article/detailed?id=8389 The Compensatory Afforestation Fund Act, 2016 establishes a National Compensatory Afforestation Fund, transfers monies from the ad hoc authority to that Fund, and channels most collections to State Funds while retaining a portion for national administrative, monitoring and scheme expenditures. It defines key terms including compensatory afforestation, net present value and penal compensatory afforestation; creates a National Authority with a Governing Body, Executive Committee and Monitoring Group to set policy, approve and execute plans, invest surplus funds, and conduct concurrent monitoring and audits; and requires budgetary procedures, C&AG audit and an annual report disclosing activities, schemes and financial accounts. en-us Fri, 22 Feb 2019 05:58:12 +0530 Fri, 11 Apr 2025 18:03:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8389 The Compensatory Afforestation Fund Act, 2016 establishes a National Compensatory Afforestation Fund, transfers monies from the ad hoc authority to that Fund, and channels most collections to State Funds while retaining a portion for national administrative, monitoring and scheme expenditures. It defines key terms including compensatory afforestation, net present value and penal compensatory afforestation; creates a National Authority with a Governing Body, Executive Committee and Monitoring Group to set policy, approve and execute plans, invest surplus funds, and conduct concurrent monitoring and audits; and requires budgetary procedures, C&AG audit and an annual report disclosing activities, schemes and financial accounts. Articles Environmental Law Fri, 22 Feb 2019 05:58:12 +0530 https://www.taxtmi.com/article/detailed?id=8389