ANSWER: Compensatory Afforestation Fund Management and Planning Authority
Explanation:
Government has approved changes in the bill on afforestation, providing agreement for expeditious utilisation in a transparent manner of over INR 40,000 crore earmarked for forest land lying unspent. Official amendments in Compensatory Afforestation Fund Management and Planning Authority Bill involves fresh accrual of compensatory levies and interest on accumulated unspent balance, which will be of the order of approximately Rs 6,000 crore per annum.
- Apart from this, the bill will also utilise amounts in creation of productive assets and generation of huge employment opportunities in rural areas.
