New Paper on Goa’s mining

Intergenerational Equity Case Study: Iron-ore Mining in Goa is a new paper by our member, Rahul Basu. “The public trust doctrine makes natural resources a part of the commons, owned equally by all, and legally owned by the state. The resources and opportunities that the present generation have inherited must be available to future generations in perpetuity. In the Goa …

Goenchi Mati inputs used in the Economic Survey

The Economic Survey of India 2016-17 discusses permanent funds in the context of the Goenchi Mati Movement. It also acknowledges the input of our member, Rahul Basu. 

What can we learn from Alaska

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 …

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 …

Why a Citizen’s Dividend? Why only a Citizen’s Dividend?

We are often asked why we recommend only a Permanent Fund for investment / saving, and only a Citizen’s Dividend for distribution of income. Why not hand the money to the government, there are so many urgent needs? In an earlier post, we discussed why we insist that every paisa received from mining and minerals be deposited into the Permanent Fund.

The shocking truth about the theft of Goa’s mineral wealth

The five principles of the Goenchi Mati Movement What would you say if you were told that each and every member of your family had been unceremoniously and consistently robbed over an eight-year period to the tune of Rupees 3.7 Lakhs? A theft of inherited wealth, passed down through the generations, now almost beyond recovery and the perpetrators yet to …

Seed money for the All India Permanent Fund?

The CAG reports that some Rs. 9,307 crores is recoverable from Reliance on account of the KG basin operations. As the block is offshore, the minerals are owned by all the people of India. Our share is Rs. 74 each. But we must stop cheating our children and future generations. Let’s use this money to start off the All India Permanent Fund. Would anyone …

The Goa Guidelines on Intergenerational Equity

While Goa is setting new precedents in the implementation of Intergenerational Equity, it has a longer history with the idea. Intergenerational equity became a part of the discourse with the Brundtland Commission report “Our Common Future” in 1987. At the same time, Edith Brown Weiss headed a six member Advisory Group set up be the United Nations University. The six …

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 …