Goans have lost Rs. 10 lakhs each as a result of the recent iron ore mining lease renewals. GMM has a strategy to recover this loss but the public are also needed to reinforce a unified action by lending individual support.
The Pew Charitable Trusts are doing a series of studies on the fiscal health of US states. Their paper, “From Volatile Severance Taxes to Sustained Revenue” discusses how money received from minerals is a significant cause of volatility in the state government budgets. They also discuss how minerals deplete and often they leave nothing once the minerals are exhausted. While they suggest greater …
Alaska is the global role model for a Citizen’s Dividend, and we have copied Alaska as well. However, there is another lesson to be learnt from Alaska: how much should we deposit into the Permanent Fund. We have argued in an earlier blog post that the only solution is to deposit 100% into the Permanent Fund. This avoids consumption of …
As was reported earlier, the US state of Louisiana was to vote on a constitutional amendment to set up a Revenue Stabilization Fund. This vote was on November 8, along with the US Presidential Elections. Voters approved the amendment to set up the fund, 53.6%:46.4%. Welcome to the club of natural resource funds Louisiana. #PermanentFund #NaturalResourceFund
Henry George was a journalist-economist-politician who is not well known today, but in the late 1800s, was one of the most popular and famous persons of the US. He had a number of interesting economic proposals that threatened the existing power structures through elegant solutions that were win-win for the vast majority. For instance he proposed a tax on land (but not …
Authors James Boyce and Peter Barnes discuss in a recent article how a universal income of $200 per month could be financed from fees charged for the commons. Peter Barnes is a long standing supporter of citizens dividends from the commons. #BasicIncome #CitizensDividend
The Goenchi Mati Movement today releases its Manifesto for the Goa Assembly Elections 2017. The movement asks all political parties to include it in their manifestos.
Dr. Madhav Gadgil writes a fascinating article in the Economic & Political Weekly (EPW) drawing extensively from his experience with the Western Ghats Ecology Expert Panel (WGEEP) and with mining in Goa. He recapitulates the horror experienced with mining in Goa, including the difficulties tribals have found in establishing a cooperative to undertake mining in their village.
Catch our full series of articles here as we explain the mining issue in depth.