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Deficiencies in knowledge and application Lugal 3 nid institutional Systoms thal promoto un sustain3 ble exploitation. loss of specius and genotic diversity presents a sanours threat to the goal of sustainable agriculturu. Species and genetic diversity provide sources of pest resistance and control, now domesticates and the genetic raw malcrial for plant breeding and genclit engineering. After an exicnsive and intensive unsultation process involving thc stakeholders, Central Govermimet ut has brough Biological Diversily Act, 2002, with the following EtufSÉ.: To regulate access to biological resources of the country with thu purpose of securing cquitable share in bonefits arising out of the use us biological resource and associated traditional knowledge relating to biological resources. To conservc and sustainable use of Blouiversity and Biological fEEOLITLOS. To respcct and protect traditional knowludge of local communities relating Biodiversity. To secure sharing of benefits with local poople as conservors of bioresources and holdur of knowledge and information relating to the use of bioresources. Consorvation and development of areas nf importance from the status of biological diversity by declaring them as biological diversity hentage säte protection and refugbilitation of threatenced species, involvement of institutions and State Governments in the broad scheme of the implementation of the Biological Diversity Act through constitution of State Biodiversity Boards (SBB) and Biodiversity Managcriment Committees (BMC). It is Very important to protect und conservu the Biodiversity for he welfare of the humanbeings and awaroness on the importance of Biodiversity and its economic values as well as threats to biodiversity among the common people, elite citizens, L0LLLCLSSS LLTLLLLLLLLS LLLLLLMMMLLLLLLLLCS LLLLCS LLLL C LLLLLL LLLLLMLLLLLL LLLLLL to beccatodto savu our Naturaiwealth of Biodivcrsity. ~ יה) -- Date : 25.12.2005 Place : Chennai Prof S. KANNAYAN