The Centre has agreed to release Rs 400 crore immediately to Orissa from the Compensatory Afforestation Management and Planning Authority (CAMPA) fund.

Though the state government had deposited over Rs 1350 crore in the account since 2004-05, no money was released to the state from this kitty till date.

Also Read   Related Stories News Now - NIFT in 3 months - ADAG's ad campaign aimed at pre-judging subjudice issues: RIL - Minimum wages for domestic help on anvil - Naveen demands for NID - Govt not interested in ADAG's ad campaign: Moily - PM wants fresh thinking from states on environment

Also Read   Related Stories News Now - Markets end flat - IFC plans to invest in Malaysia's Khazanah healthcare arm - Cong leaders must work together for winning elections: Scindia - Hotel Leelaventure redeems outstanding bonds worth $41.6 mn - Ex-Galleon portfolio manager testifies against Rajat Gupta More

The state government recently opened a separate account to maintain the funds under the CAMPA scheme, thus paving the way for release of the fund.

The issue was raised by chief minister Naveen Patnaik in the recently held national conference of state ministers of environment and forests, chaired by the Prime minister, in New Delhi.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end flat - IFC plans to invest in Malaysia's Khazanah healthcare arm - Cong leaders must work together for winning elections: Scindia - Hotel Leelaventure redeems outstanding bonds worth $41.6 mn - Ex-Galleon portfolio manager testifies against Rajat Gupta

Tags : CAMPA | Naveen Patnaik |   Read Business news in  Advertisements -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Journey on, We are by Your Side. Click here to know more -  2 Lac Apartments, 1 Lac House / Plots. Click here -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  Learn How One City is Running on FOOD SCRAPS. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More