Prutha Goa discusses the Goenchi Mati proposal

Iris C F Gomes from Prutha Goa discusses the idea behind the Goenchi Mati campaign: “The example Rahul uses to explain intergenerational equity is that the iron ore is like inherited gold which brings no income. This would prompt one to sell the gold and traditionally buy land for agriculture from which you could derive income. This is something that could be …

Announcing the Goenchi Mati Creatathon

Kokum, a design non-profit, is hosting a Creatathon for the Goenchi Mati campaign. We are thrilled! Its all day on sat&sun, 16&17 July, 2016, at the Design Center, Porvorim. There is also a talk on thursday 7th July, 2016 at 6:30pm the same venue introducing the idea and updating everyone on the current status. Be creative & have some fun if …

Is Jay Hammond having the last laugh

Alaska’s Permanent Fund and the Permanent Fund Dividend was the brainchild of Jay Hammond. The origins of the idea was from the sharing of the income from salmon runs (a renewable resource) in the area he lived. It was extended to the creation of a Permanent Fund from the receipts from oil (a non-renewable). His intention was to keep the oil money …

P2P Foundation blogs on the Goenchi Mati campaign

David Bollier, author, activist, blogger and consultant on the commons, calls the Supreme Court order in the Goa mining case setting up the Permanent Fund as a bold precedent, “the first time that a court anywhere had ordered such a remedy, and it resulted in the first permanent fund in India.” Something Goa should be proud of!

Roundup of Basic Income pilots conducted

Here’s a short list of pilots of Universal Basic Income. The pilot in India by UNICEF & SEWA in Madhya Pradesh is presently considered the best study. Watch the video, read the executive summary, the full report, or buy the book. Bolsa Familia in Brazil is a conditional cash transfer, but probably one of the largest. We should not forget Scott Santens, who has a …

India Network for Basic Income

We are proposing that the real income from the Goenchi Mati Permanent Fund be distributed equally to all as a right of ownership over the commons, a Citizen’s Dividend. The Citizen’s Dividend is actually a form of Unconditional Basic Income. A group of concerned citizens have formed the India Network for Basic Income, to examine all varieties of Basic Income. Like …

Nauru’s Citizen’s Dividend

The tiny pacific island of Nauru is a cautionary tale for mineral royalties being saved in a Permanent Fund and paying out a Citizen’s Dividend. The island was covered by guano, a form of phosphate, a fertilizer. The royalties from phosphate mining resulted in Nauru having the highest per capita income in the world. The phosphate royalties were paid into the Nauru …

Goa’s debt burden is soaring

The Herald points out that the per capita public debt burden is around Rs. 100,000. While large, this is a fraction of the loss from mining estimated at Rs. 53,833 crores over the eight years of 2004-05 through 2011-12. Had this loss been captured, saved in the Permanent Fund and a Citizen’s Dividend paid, each of us would be receiving around Rs. 1,000 every …

Why did Alaska legislate the Permanent Fund and Dividend

Rachel Waldholz explains in the Alaska Public some of the reasoning behind the Permanent Fund and Dividend. Some quotes from Alaska Gov. Jay Hammond (who was responsible) “You’ve got to remove the money” “Put it behind a rope, where you cannot utilize it for flamboyant expenditures.” “I wanted to transform oil wells pumping oil for a finite period, into money wells pumping money for …

Citizen’s Dividend could reduce migration

This article in Down To Earth talks about abandoned villages in Uttarakhand. The experience with the dividend in Alaska was that rural urban migration reduced. However, there was greater expense on providing adequate quality public services on remote places.