Pursuant to the ratification of Convention on Biological Diversity, In

Pursuant to the ratification of Convention on Biological Diversity, India legislated Biodiversity Act in the year:

1992
1994
2002
2014
This question was previously asked in
UPSC Geoscientist – 2020
India ratified the Convention on Biological Diversity (CBD) in 1993. Following its commitments under the CBD, India enacted its own national legislation, the Biological Diversity Act, in the year 2002.
– The Biological Diversity Act, 2002, aims to conserve biological diversity, ensure sustainable use of its components, and facilitate fair and equitable sharing of benefits arising from the use of biological resources and associated knowledge.
– It established a three-tier structure: the National Biodiversity Authority (NBA) at the national level, State Biodiversity Boards (SBBs) at the state level, and Biodiversity Management Committees (BMCs) at the local level.
– The Act regulates access to biological resources and traditional knowledge by foreign nationals, companies, and Indian entities.
– The Convention on Biological Diversity (CBD) was opened for signature at the Earth Summit in Rio de Janeiro in 1992 and entered into force in December 1993.
– The Act reflects India’s sovereign rights over its biological resources and the principles of the CBD regarding conservation, sustainable use, and benefit-sharing.
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