Sep 8, 2016

UBB Demands Rs 12 Cr From Baba Ramdev’s Firm For Using Natural Resources

News World India
September 8, 2016

Uttarakhand Biodiversity Board will charge Rs 12 crore from Baba Ramdev’s firms which include Rs 10 crore from Patanjali Yogpeeth and Rs 2 crore from its subsidiary Divya Pharmacy for using natural resources of the state for their products, according to TOI report.

Under The Biodiversity Act, the industries using natural resources for their commercial venture has to either give 5% of the cost of the resources they are using or 0.1 to 0.5% as per their turnover to the Board annually under Access and Benefit Sharing (ABS) clause of the Act.

Chairman of the Board, Rakesh Shah said, “There are some 3000 industries in the state. We have issued notice to some 600 so far to share their benefit with the board under ABS section of the Act.”

The finances generated from ABS are passed on by the board to the Biodiversity Management Committee (BMC) formed by local bodies at village level for the conservation and management of biological resources in their gram sabha.

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