India, Nov. 28 -- The National Biodiversity Authority (NBA), in a series of important steps towards empowering local communities and promoting fair and equitable benefit sharing, has released Rs.5.34 crore to around 85 Biodiversity Management Committees (BMC). TheseBMCs fall under various Nagar and Gram Panchayats in Wada Tehsil, Palghar District, and Brihanmumbai Municipal CorporationofMaharashtra. The funds will be disbursed through the Maharashtra State Biodiversity Board.
This release follows a case in which a company accessed soil microorganisms - bacteria of theBacillusgenus - and used them to develop probiotic products. Notably, around 15% of the ABS applications are for accessing microorganisms, underscoring an important fact -'mic...