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 ....
Do You Want to Read More?
Subscribe Now

To get access to detailed content

Already a Member? Login here


Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.