Calling all parties to protect our children’s inheritance

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. 

The Great Goan Mining Heist: Implications of the 2014 Supreme Court Judgement Ruling

Over the last ten years mining losses have been variously reported and unsubstantiated estimates touted. In among all of this, one thing is certain: the trend is consistently upwards. Amounts have been quoted from Rs. 3,500 crores due to non-payment of royalty (PAC Report) to Rs. 35,000 crores due to mining outside lease areas (Shah Commission). However the latest official …

Goa’s Inglorious Past: The Great Mining Swindle

Zero loss mining and intergenerational equity A loss amounting to twice the cumulative state revenues was uncovered following an investigation into mining activities by Goa Foundation. This money represents the value of minerals mined and exported during the period 2004 to 2012 from Goa. The amount represents a Rs. 3.7 Lakhs loss of mineral assets for each and every Goan; …

Government accounting & the Resource Curse

A simple change that will save countless lives In most sovereign nations, sub-soil minerals are owned by the state. The minerals are a part of the “commons” – assets owned ultimately by the citizens. The problem we face is that the standards set for IMF, UN & IPSASB (International Public Sector Accounting Standards Board) standards for government accounting, statistics and disclosure treat receipts from …

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 …

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 …