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The Biological Diversity Act, 2002 provides for conservation of biological diversity, sustainable use of its components and fair and equitable sharing of the benefits arising out of the use of biological resources, knowledge and for matters connected therewith or incidental thereto. The Paper would provide a brief overview of the recent loss of biodiversity in India and review the current status of implementation of the provisions of the Biodiversity Act, 2002 in India and seek to bring forth the reason for the non-implementation of the Provision of the Act. The Paper would highlight the richness of biodiversity in India before and after the passage of the Act of 2002 so as to measure the effectiveness of the Legislation. Further, the paper would also analyze the International Legal Framework i.e., The Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable sharing of benefits arising from their utilization to the Convention on Biological Diversity to highlight the international trend in the protection against Biodiversity Loss.
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