Tagging system Flashcards
1
Q
Which state recently came up with Tagging system related to biodiversity zones ?
A
GOA state Biodiversity Board (GSBB)
2
Q
What does this system aim to provide ?
A
Ensures communities residing within the biodiversity zone get Access Benefit Share (ABS) from their profits
3
Q
What does the tag indicate ?
A
It shows tht the ingredients used are sourced from nature
4
Q
How is it advantageous ?
A
The sellers are supposed to pay 0.01% of their annual profit to the GSSB and the board will then use this amount to protect the habitat from where the ingredients are
