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 …

AAP : what about the lease renewals scam?

Arvind Kejriwal, AAP conveynor, recently mentioned in Goa that AAP will initiate action against those implicated by the Shah Commission in the mining scam. This is welcome. While many investigations have commenced, not one person has been convicted so far. We hope that Arvind Kejriwal will also raise the issue of the much larger Goa’s mining lease renewal scam, which …

Goa’s District Mineral Foundations – a solution or problem

The District Mineral Foundation (“DMF”) was created by the MMDR Act amendment in early 2015. The DMF is for the benefit of mining affected people and areas. Goa has set up the North Goa and South Goa DMFs. Conservative estimates are that Rs. 180 crores would be annually available to Goa’s DMFs. Unfortunately, the rules of Goa’s DMFs do not follow the law, …

Collection of reports on Goa mining

We’ve collated a set of reports on mining in Goa. These include the reports from the SC appointed expert committee on intergenerational equity, monitoring committee for e-auctions, Shah commission, CEC, PAC, EAC of MoEF, CEE / Gadgil, ISM Dhanbad, ERC India, Regional plan 2021, WGEEP (Gadgil), HLWG (Kasturirangan), Karnataka Lokayukta, NCAER and more.

Scroll : Goa mining judgement is a first

A beautiful, albeit dated, summary by Mridula Chari of the unprecedented nature of the Goa mining judgement for we the people, our children, and our future generations. “Observing that natural resources belonged to the state, which is a trustee of its citizens, the court ordered that a part of the profits from the sale of iron ore be set aside for a permanent …

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!

Avoid resource curse through Permanent Funds – Brookings

The Brookings Institute has recommended that US states Pennsylvania and Ohio establish Permanent Funds from their taxes from oil & gas fracking. This is similar to our proposal relating to the Goenchi Mati Permanent Fund. Devashree Saha & Mark Muro in their report titled “Permanent trust funds: Funding economic change with fracking revenues” advance five elements of good fund governance and management …

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 …

Iron ore mining in Goa

The Navhind Times carried a couple of interesting articles by Dr. Nandkumar Kamat titled “How Goa missed the bus in iron ore exports”. His articles show clearly how Goa lost out during the mining stoppage. This new article titled “Mining of past 8 years was a total loss for our future generations” published by Navhind elaborates on Dr. Kamat’s articles. You can …