Abstract:In terms of the Biological Diversity Act-2002, a biological resource is defined as "plants, animals and microorganisms or parts thereof, their genetic material and by products (excluding value added products) with actual or potential use or value, but does not include human genetic material". Going by this definition which is essentially, statutory in nature-many biological resources are assumed to have 'actual' or 'potential' use or value attached to them. These actual or potential values may extend to a vast… Show more
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