The Future We Need
Across the world, there are many intergenerational funds whose corpus is invested in perpetuity to safeguard the principal and then generate real returns. The country’s 28 states and eight Union territories could set up such funds.
GoG’s new draft GIOPF scheme, CEC’s report with two suggestions, and Goa Foundation’s reservation.
Goa’s first Mineral Resource Accounts paints a horrific picture of no controls over mining by the state. Now we know. As mining restarts, things must change
We Do Not Inherit the Earth from Our Ancestors; We Borrow It from Our Children The intergenerational equity principle offers a criteria to judge whether we have been good ancestors to our children and the countless future generations to follow. The principle of Intergenerational Equity (IE) is, at its heart, quite simple. It is our duty to ensure future generations …
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 …
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.
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 …
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.
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 …
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.