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!
Tag: Goa
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 …