Organisations and Events Dates

An Act of the Parliament of India for the preservation of biological diversity in India was passed in 2002 known as the Biodiversity Act of India. This act provides methods for the sharing of benefits in an equitable manner arising out of the use of traditional biological resources and its knowledge. The function of this act includes: Regulation of acts prohibited under the Act, Advise the Government on the conservation of biodiversity, etc. Any offense under this Act is non-bailable and cognizable.

The Earth Summit of Rio de Janeiro, also known as the United Nations Conference on Environment and Development (UNCED), was held in Rio de Janeiro from 3 to 14 June 1992. It resulted in the Convention on Biodiversity, a multilateral treaty. Three major goals were addressed in this convention which included: conservation of biodiversity; sustainable use of its components; and the fair and equitable sharing of benefits arising from the genetic resources. India became a party to this convention in 1994.

The Earth's Summit was held at Rio de Janeiro in Brazil in 1992. Earth summit at Rio, Brazil, promoted 'Convention on Biological Diversity' (CBD), which was signed by 152 nations. Its recommendations came into effect on 29$^{th}$ Dec, 1993. India became a party to this 'Convention on Biological Diversity' in May 1994.

India's New Economic Policy of 1991 was a neoliberal Structural Adjustment Program that allowed India to qualify for aid from the World Bank and IMF. In 1990, India faced an economic crisis and was "on the brink of default" on its debts.

The new economic policy included the policies of Liberalisation, Privatisation and Globalisation.

The Wildlife Protection Act, 1972 is an Act enacted for protection of plants and animal species.

The Wildlife Protection Act, 1972 is an Act of the Parliament of India enacted for protection of plants and animal species. The Act provides for the protection of wild animals, birds and plants.

Facing high inflationary pressures and large government deficits the rupee was devalued in 1966 for the first time.

The Export-Import Bank of India was established by the Export-Import Bank of India Act, 1981, and commenced operations in 1982.

NSE launched the capital market segment in November 1994. In NSE, the trading rights are with the trading members who offer their services to the investors. NSE is managed by professionals, who do not directly or indirectly trade on the exchange- this is a true statement. Meeting international benchmarks and standards is one of the objectives of NSE. NSE ensures equal access for investors all over the country with the help of appropriate communication network. The NSE was established by financial institutions, insurance companies and banks. NSE launched the futures and options segment in June 2000 for various derivative instruments.

OTC Exchange of India was incorporated in 1990. OTCEI was set up to provide small and medium companies an access to capital market for raising finance.  OCTCEI is advantageous to the company because it provides methods of raising funds through capital market instruments which are priced fairly.

The SEBI was given a statutory status in the year 1992.  It was set up to regulate the functions of securities market. SEBI is a body corporate having a separate legal existence and perpetual succession. SEBI promotes orderly and healthy development in the stock exchange market.

The Securities and Exchange Board of India is the regulator for the securities market in India. It was established in the year 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992.

'The Environmental protection Act', 1986, is the most comprehensive law meant for prevention and control of environmental pollution by laying down emission norms and setting up of central and state pollution control boards.