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 …

Curse hits deviants

The Resource Curse applies to whom? Those who deviate from the 5 principles of the Goenchi Mati Movement. Here’s a short video explanation. Ask more questions or clarifications in the comments.

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. 

Government accounting & the Resource Curse

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 minerals as “windfall revenues” rather than “capital receipts on …

How mining corrodes governance

Ramachandra Guha writes in The Telegraph about mining and governance. The Goenchi Mati proposal including zero-loss mining, save all into a Permanent Fund, and distribute real income as a Citizen’s Dividend is intended to reverse most of these ill effects. What do you think, will it work? How can we make it better?

How a oil fund helps a district in Indonesia avoid the resource curse

Bojonegoro, a district in East Java, Indonesia, seems to be avoiding the worst impacts of the Resource Curse, by using an oil fund, akin to our proposed Goenchi Mati Permanent Fund. Hasrul Hanif and Emanuel Bria opine in The Jakarta Post.

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 …

Sub-national Resource Curse

The Natural Resource Governance Institute has published an interesting paper examining the evidence for the sub-national resource curse, and finds mixed results. The paper identifies six main mechanisms for the sub-national resource curse – “mismanagement and corruption, conflicts, local price distortions, shifts in employment away from agriculture and manufactures, socio-environmental damages and degradation, and, finally, migration of workers in the extractive sector. …