India, April 17 -- The Government of India has issued a release:
The National Biodiversity Authority (NBA), in its 77th meeting held on 23rd March 2026 in Chennai, approved a series of measures to strengthen the implementation of the Biological Diversity Act, 2002, including streamlined procedures for utilisation of Access and Benefit Sharing (ABS) funds and revised guidelines for designated repositories.
The Access and Benefit Sharing (ABS) amount realised by the NBA must be channelled back to identified beneficiaries in accordance with Section 27 of the Biological Diversity Act, 2002. Where beneficiaries cannot be identified, these funds are to be utilised for the socio-economic development of areas where the biological resources origin...