Rs 11,000 crore lost in woods

Value of diverted forestland not recovered completely. Where is the money?
Rs 11,000 crore lost in woods
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The drama over Indian forests from a price fix in 2002 to being shortchanged of Rs 11, 000 crore in 2009
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How Rs 11,000 crore?
  • Rs 20,416,1010,000 Minimum value of forest diverted between 2003 and July 14, 2009. Down To Earth calculated this using minimum NPV of Rs 5.8 lakh per hectare (ha) from 2003-07; and Rs 4.38 ha for 2008-09, as per apex court
  • Rs 10,427,3811,962 Money with CAMPA, without interest, till July 31, 2009
  • Rs 9,384,6430,766 npv money received by CAMPA. CAMPA fund includes NPV (90 per cent); funds for compensatory afforestation and catchment area treatment (both, 10 per cent), said a ministry official
  • Rs 11,031,4579,234 The minimum value of forest diverted and not paid for
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