Raksha Mantri & UP Chief Minister inaugurate 'Nausena Shaurya Vatika' in Lucknow (See 'Corp Brief') A Highway bringing New Possibilities to Heart of Central India: Boregaon to Shahpur (See 'Corp Brief') IBC - Offences u/s 68 and 235A of Code can be prosecuted only before competent Special Court in manner prescribed u/s 236 of Code: NCLT (See 'Legal Desk') National Biodiversity Authority realises Rs. 21.26 Crore through Benefit Sharing Mechanism (See 'Corp Brief') Ayushman Bharat Digital Mission crosses Landmark Milestone of 90 Crore ABHA Accounts (See 'Corp Brief') SEBI - Assessee's request for inspection of documents cannot be allowed where these form part of SEBI's internal administrative process & are not necessary for replying to SCN: SAT (See 'Legal Desk') Govt notifies 2 New SEZs in Puducherry (See 'Corp Brief') Govt of Odisha, Intel and 3DGS ink MoU to bring substrate manufacturing technology to India (See 'Corp Brief') NITI Aayog releases 'Future of India's Semiconductor Industry' Roadmap (See 'Corp Brief') Goyal meets US industry leaders in NY (See 'Corp Brief') Govt hosts Roadshow for Promotion of Lignite Gasification Projects (See 'Corp Brief') Team Agriculture at Kharif Conclave; farming will get a new direction: Chouhan (See 'Corp Brief') A&C - Order of arbitral tribunal accepting objection that it lacks jurisdiction over party sought to be impleaded as non-signatory veritable party is appealable u/s 37(2)(a) of Arbitration Act: HC (See 'Legal Desk') Vaishnaw holds meeting with industry on Revamp of AI Curriculum (See 'Corp Brief') Khadse calls for Mission-Mode People's Movement Against Drug Abuse (See 'Corp Brief') Cooperative Sugar Sector to be strengthened through Circular Economy Model (See 'Corp Brief') IBC - Term loans are repayable through continuing instalment schedules, limitation for Section 7 proceedings is not exhausted merely because some earliest instalments may have become time-barred: NCLT (See 'Legal Desk') First Indigenous Hydrogen Train all set to start (See 'Corp Brief') NI Act - If directors are vicariously liable u/s 141 of NI Act and are themselves undergoing insolvency or bankruptcy, they are not entitled to benefit of moratorium in respect of their personal criminal liability u/s 138 of NI Act: SC (See 'Legal Desk') Ministry of Coal to Organize Roadshow on Surface Coal & Lignite Gasification Projects (See 'Corp Brief') IBC - Appeal without certified copy of impugned order, and without application for exemption from filing certified copy, is wholly incompetent appeal that does not satisfy essential requirements under NCLAT Rules: SC (See 'Legal Desk') DFS organises Credit Outreach Programme at Udaipur, Tripura (See 'Corp Brief') Competition Law - Competition Act did not confer any power on CCI to keep approval u/s 31(1) in respect of Amazon-Future coupon investment, in abeyance or compel fresh Form II filing after approval: SC (See 'Legal Desk') Experts deliberate on Standardised Coding System for Ayurveda under WHO-ICHI Initiative (See 'Corp Brief') IPR - Confusion at initial stage is sufficient to attract infringement: HC (See 'Legal Desk') DFS reviews Performance of North-East RRBs (See 'Corp Brief') IISc-led Semiconductor Training Initiative records Massive Growth in Tribal Youth Participation (See 'Corp Brief') CCI approves JV between Mercuria Energy & Tata International (See 'Corp Brief') CCI approves merger of Indovida India with and into EPL Limited (See 'Corp Brief') Union Minister launches PM-AJAY Portal & AJAY Mobile App to digitize SC welfare schemes (See 'Corp Brief') A&C - SpiceJet is directed to deposit outstanding amount immediately while also applying costs: HC (See 'Legal Desk') Gadkari reviews Monsoon Preparedness for Safer Highways (See 'Corp Brief') Skymap Pharmaceuticals approved as Strategic Buyer for disinvestment of IMPCL (See 'Corp Brief') PM-WANI Ecosystem undergoes Comprehensive Transformation to enable Inclusive Digital Connectivity (See 'Corp Brief') Sales of Khadi and Village Industry Products surpasses Rs 1.87 Lakh Crore-mark (See 'Corp Brief') SARFAESI - Suit's substantive reliefs concern specific performance and enforcement of agreements, plaint cannot be rejected at threshold under Order VII Rule 11 CPC merely because SARFAESI measures are also in background: HC (See 'Legal Desk') Reddy directs Agencies to Fast-Track Pending Mining & Exploration Projects (See 'Corp Brief') Meghalaya Minister discusses STI Hubs for Tribal Communities in Northeast with MoS (See 'Corp Brief') Govt strengthening Preventive Healthcare through Yoga and Naturopathy: Jadhav (See 'Corp Brief') Gadkari reviews NH Projects in Rajasthan and HP (See 'Corp Brief') Secretary reviews Progress of Mineral Block Auctions and Operationalisation (See 'Corp Brief') FERA - Receipt by person in India of Indian currency through cheque drawn on NRE account, even if that account had been funded by foreign currency deposits, does not by itself constitute contravention of Sec 8(1): HC (See 'Legal Desk') Parcel and Logistics Services register 70% growth; Revenue Potential pegged at Rs.10,000 Crore (See 'Corp Brief') Department of Consumer Affairs holds stakeholder meeting on Different Pack Sizes for Edible Oils (See 'Corp Brief') 'Spice and Heal' Initiative can Position India as Global Wellness Leader: Jadhav (See 'Corp Brief') Competition Act - Allegations relating to use of unlicensed/private vehicles & regulatory violations is not competition law issue u/s 3 and 4 of Competition Act: CCI (See 'Legal Desk') Moratorium under the IBC (See CORP EINSICHT) NMDC launches Summer Camp for 1700 Children in Dakshin Bastar (See 'Corp Brief') Benami Act - Confiscation under Benami Act is civil consequence and distinct from prosecution: SC (See 'Legal Desk') 'Janjati Samagam' will, in coming years, gain global recognition as Kumbh of tribal communities (See 'Corp Brief') At Siliguri's 19th employment fair, 82 young people receive appointment letters (See 'Corp Brief') IBC - During subsistence of moratorium u/s 14 IBC, lessor cannot terminate subsisting lease and recover possession of leased property occupied by corporate debtor by invoking contractual breach clauses: HC (See 'Legal Desk')

National Biodiversity Authority realises Rs. 21.26 Crore through Benefit Sharing Mechanism

Published: Jun 01, 2026

By TIOLCorplaws News Service

NEW DELHI, JUN 01, 2026: THE National Biodiversity Authority (NBA) has realised Rs. 21.26 crore under the Access and Benefit Sharing (ABS) mechanism during the financial year 2025-26. The amount was generated from approvals granted for research, commercial utilisation, intellectual property rights, bio-survey and bio-utilisation of biological resources, reflecting growing industry participation in India's biodiversity governance framework.

During the period, the Seed sector emerged as the largest contributor, accounting for Rs. 11.75 crore, followed by the AYUSH sector with Rs. 5.56 crore. Other contributors included Nutraceuticals with Rs. 1.40 crore and Pharmaceuticals with Rs. 1.18 crore. Contributions were also received from the Biotechnology, Cosmetics, Chemical, Biofuel and Food & Beverage sectors.

Major contributors from the Seed sector included Nunhems India Pvt. Ltd., East West Seeds India Pvt. Ltd., Pioneer Overseas Corporation, Nongwoo Seed India Pvt. Ltd. and BASF India Pvt. Ltd. In the AYUSH sector, major contributors included Himalaya Wellness Company, Organic India Pvt. Ltd. and Natural Remedies.

The sectors utilised around 300 biological resources, including maize, rice, turmeric, amla, mustard, bitter gourd, kalmegh, elachi, tulsi, guggal gum, neem leaves, garcinia, ashwagandha, pepper and lavanga.

As on date, the National Biodiversity Authority has realised ABS funds amounting to Rs. 266 crore from users of biological resources and associated knowledge. Of this, Rs. 145 crore has already been disbursed to beneficiaries across the country.

The ABS mechanism, established under the Biological Diversity Act, ensures that benefits arising from the utilisation of biological resources are shared fairly and equitably with local communities, Biodiversity Management Committees, farmers and traditional knowledge holders. The funds generated contribute directly to biodiversity conservation, sustainable use of biological resources and livelihood enhancement at the grassroots level.

This achievement reinforces India's commitment to the objectives of the Convention on Biological Diversity, the Nagoya Protocol on Access and Benefit Sharing, and Target 13 of the National Biodiversity Strategy and Action 2024-2030. The growing contribution from industry demonstrates that economic development and biodiversity conservation can progress together, creating a more sustainable and inclusive future for the country.

TIOL CORP SEARCH

TIOL GROUP WEBSITES