States to get 5,000 Crore aid for not cutting trees

Monday, 29 November 2010, 18:20 Hrs
Printer Print Email Email
New Delhi: State governments will get 5,000 crore grants over the next five years for not cutting trees and maintaining ecological balance, Minister of State for Environment and Forests Jairam Ramesh said Monday.

"States suffer loss of revenues because of ban on felling of trees due to ecological and environmental reasons," Ramesh said in a written reply in the Lok Sabha.

"To compensate such losses of revenue to various state/Union Territories governments, the 13th Finance Commission has provided grants-in-aid of 5,000 crore for a period of five years from 2010-11 to 2014-15," he said.

With 727.84 crore grants-in-aid in the next five years, Arunachal Pradesh will be the biggest beneficiary of the scheme, followed by Madhya Pradesh, with 490.32 crore and Chhattisgarh, with 411.12 crore aid.

The grants-in-aid will be spread out over the next five years. During the current fiscal the total grants for this purpose will be 625 crore, followed by the same amount in 2011-12.

Annual grants-in-aid totalling 1,250 crore will be provided for the remaining three years -- 2012-13, 2013-14 and 2014-15.
Source: IANS
SPOTLIGHT
Gadgets
Chipset-making giant Qualcomm has listed chipsets such as Snapdragon 855, 845, 710, 675 and 67..
Startup City
India Accelerator, a GAN partnered, mentorship-driven, acceleration program hosted ‘The Inner Ci..
Enterprise IT
PayByPhone, the global leader in mobile parking payments, today announced that it will appoint And..
Finance
The Department of Telecommunications (DoT) in consultation with the Finance Ministry plans to spli..
Entertainment
First things first. "Made In Heaven" is the sexiest webseries India has produced, no doubt about i..
US Indian
An Indian-American teenager has been conferred with the 2019 National STEM (Science, Technolog..
Career
IIT Roorkee organized an MoU exchanging ceremony between the Govt. of India Department of Scie..
Technology
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suffere..
Business
Hinduja Global Solutions here on Monday said it has set up a centre of excellence to train disable..