Forest diversion becomes costly

Government introduces new guidelines for diversion of forest land, which will make any project involving such diversions more costly

has introduced new guidelines concerning the diversion of forest land, which will likely make any project involving such diversion more costly. The guidelines add 30 per cent of the net present value (NPV) of forests to the diversion FRVW DV WKH kFRVW IRU SRVVHVVLRQ RI IRUHVW ODQGy NPV is the amount paid by the project proponent for diverting land for non-forest use to compensate the loss in ecosystem services. An additional 50 per cent of NPV will be DGGHG DV kKDELWDW IUDJPHQWDWLRQ FRVWy ZKLOH DQRWKHU SHU FHQW RI NPV will be added as compensation for the loss of animal husbandry and productivity of the soil.