Consider the following statements about the Compensatory Afforestation Fund Act, 2016:
- The Act provides for the establishment of National Compensatory Afforestation Fund under the Consolidated Fund of India
- National CAMPA will decide the allocation of fund to states
Which of the above statements is/are correct?
First statement is incorrect because the act provides for establishment of National Compensatory Afforestation Fund under the Public Account of India. Second statement is incorrect because National CAMPA will not decide allocations to states as funds sharing ratio is provided in the act as National (10% funds) and State Funds (90% funds).
This question is a part of GKToday's Integrated IAS General Studies Module