India, Jan. 2 -- The Government of India has issued a release:
The National Biodiversity Authority (NBA) has continued its series of Access and Benefit Sharing (ABS) disbursements with the release of Rs.45 lakh (USD 50,000) to farmers of Andhra Pradesh through Andhra Pradesh State Biodiversity Board. With this disbursement, India's cumulative ABS releases now exceeds Rs.143.5 crore (USD 16 million).
This initiative underscores the economic opportunity available to Red Sanders cultivators, who derive dual income benefits: first, through the lawful sale of Red Sanders wood/logs cultivated; and second, through monetary benefits under the ABS mechanism mandated under the Biological Diversity Act, 2002. The ABS framework thus directly rewards ...