News Headline
Govt to lose Rs.10,000 cr royalty annually for non-compliance to notified ABS guidelines
Source
PharmaBiz
Publication Date
2015-06-10
Even as the Access and Benefit Sharing (ABS) Guidelines prepared by National Biodiversity Authority (NBA) have royalty slabs for domestic and foreign companies towards sustainable use of bio- resource and has been notified on November 21, 2014, an official associated with the development says that guidelines if not implemented would lead to a revenue loss to the respective boards to the tune of Rs.10,000 crore annually and even more.
Content
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