Goa has a Permanent Fund, why doesn’t the UK?

Rahul Basu and Deepak Narayanan write at the Citizen’s Income Trust website about what the UK can learn from our Goenchi Mati Movement. The UK recovered around GBP 400 billion less that Norway from a similar amount of North Sea oil. A huge loss to the people, roughly GBP 6,000 a head. As UK starts fracking, instituting our principles of zero loss …

Areas reserved for Public Sector mining

The simplest way to achieve zero loss mining is to mine through the public sector. The Mines & Minerals (Development & Regulation) Act has a provisio permitting states to reserve areas (or even the entire state) for public sector mining. Here’s the official list from the Indian Bureau of Mines (IBM) of areas reserved in this manner. Gujarat, in 2009 under …

Would you like Rs. 9,000 every year?

From the amount recoverable for the mining illegalities, Karan Bhagat estimates that Rs. 9,000 can be paid out each year to every man, woman and child in Goa as a Citizen’s Dividend. Would you like to receive such a Citizen’s Dividend?

California’s Senate: Carbon tax & Dividend

The California Senate has called for a tax on fossil fuels, and for the receipts to be paid out as a dividend. This is what our sister movement, Our Children’s Trust, is calling for.  As a tax at the point of consumption, it would be highly progressive. In an ideal situation, the tax would be saved in a Permanent Fund for future generations. With this …

Mining illegalities have recommenced

Mining in Goa came to a screeching halt in 2012 with the Shah Commission Report. One of the key findings was widespread illegalities. “It is pertinent to state here that such illegal act can’t happen without connivance of the politicians, bureaucrats and lessees. There is a complete collapse of the system.” It would seem that the industry hasn’t learnt. A number of illegalities have …

How mining corrodes governance

Ramachandra Guha writes in The Telegraph about mining and governance. The Goenchi Mati proposal including zero-loss mining, save all into a Permanent Fund, and distribute real income as a Citizen’s Dividend is intended to reverse most of these ill effects. What do you think, will it work? How can we make it better?

Talk at TISS Mumbai on Aug 26

TISS Mumbai will host Rahul Basu from the Goenchi Mati Movement for a talk on Aug 26 on the Goenchi Mati Movement proposal. The talk is at 4pm at the Bhabha Hall, Academic Building 2, Naoroji Campus, TISS, Mumbai. This talk will focus more on the development aspects of the Goenchi Mati proposal. The talk is titled “Beyond the Resource Curse: Resource dependence, inter-generational equity and …

Capture economic rent and pay a Citizen’s dividend

Here’s a fascinating article in Evonomics about how the commons and economic rent generally can be captured by governments and redistributed through a dividend. Our ask for capturing the value of minerals (economic rent), saving it and distributing the income is merely a single case in what is possible. The cap-and-dividend proposal by Our Children’s Trust is also merely a single …

Talk at JNU on Aug 22

JNU will host Rahul Basu from the Goenchi Mati Movement for a talk on Aug 22 on the Goenchi Mati Movement proposal. The talk will be hosted by the Centre for Comparative Politics and Political Theory, School of International Studies, and will take place at 2pm at the Kunzru Committee Room, SIS (Room No. 203). This talk will focus more on the political economy aspects …

Talk at TERI University on Aug 24

Rahul Basu from the Goenchi Mati Movement will be talking at TERI University, New Delhi on August 24. Its at 1:15 pm at L001. Do attend if you get a chance. Details are here.