Explanation:

• It is a specialised body set up under the National Green Tribunal Act (2010) for effective and expeditious disposal of cases relating to environmental protection and conservation of forests and other natural resources.  
• NGT is mandated to make disposal of applications or appeals finally within 6 months of filing of the same.  
• Recently, The Supreme Court has empowered the National Green Tribunal (NGT) with suo motu(on its own) power to initiate proceedings on its own in case of environmental exigencies. 

Hence both statements 1&2 are correct.