Natural Resource Accounting
The Government Accounting Standards Advisory Board (GASAB) has come up with a Natural Resource Accounting (NRA) for tracking and maintaining the natural resources of India.
- GASAB has developed standard operating procedures to ensure automated collection and compilation of data from 2022-23.
- India is a signatory to the 2016 UN General Assembly Resolution —“Transforming the World, the 2030 agenda for Sustainable Development” which requires the preparation of Natural Resource Accounts (NRA).
About Natural Resource Accounting (NRA)
- It is the compilation of data relating to natural resources within an accounting framework. NRA is an accounting system that deals with stocks and stock changes of ....
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