The Compensatory Afforestation Fund Act, 2016.
CHAPTER II: ESTABLISHMENT, MANAGEMENT AND UTILISATION OF NATIONAL COMPENSATORY AFFORESTATION FUND AND STATE COMPENSATORY AFFORESTATION FUNDS
Section 3: Establishment Of National Fund
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Explanation using examples
Let's imagine a scenario where an Indian company, XYZ Industries, is granted permission to construct a factory on a piece of forest land. In return for the diversion of forest land, XYZ Industr