Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Mining in India equals selling the family gold -Rahul Basu    </title>
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Treating mineral sale proceeds as revenue or income hides the real transaction &mdash; the sale of inherited wealth

The principle that the economy must be &ldquo;sustainable&rdquo; &mdash; we cannot compromise the ability of future generations to meet their needs &mdash;..."/>
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Treating mineral sale proceeds as revenue or income hides the real transaction &mdash; the sale of inherited wealth

The principle that the economy must be &ldquo;sustainable&rdquo; &mdash; we cannot compromise the ability of future generations to meet their needs &mdash;..." />
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Treating mineral sale proceeds as revenue or income hides the real transaction &mdash; the sale of inherited wealth</em></p><p style="text-align:justify">The principle that the economy must be &ldquo;sustainable&rdquo; &mdash; we cannot compromise the ability of future generations to meet their needs &mdash; is beyond question. Climate change and high levels of consumption already threaten to rob future generations of a planet that is liveable. The principle of Intergenerational Equity would make it imperative for us to ensure future generations inherit at least as much as we did.</p><p style="text-align:justify">If we are successful in abiding by intergenerational equity, our children will be at least as well off as we are. If we leave a bequest as well, they will be better off than us. To consume what we have inherited without a thought for generations to come will leave the whole world poorer; like an addict selling the family gold.</p><p style="text-align:justify"><em>How it is unsustainable</em></p><p style="text-align:justify">India&rsquo;s National Mineral Policy 2019 states: &ldquo;natural resources, including minerals, are a shared inheritance where the state is the trustee on behalf of the people to ensure that future generations receive the benefit of inheritance.&rdquo; (https://bit.ly/2Xy5wyd). The primary objective of a trustee/manager is to maintain the corpus of the trust, the shared inheritance of natural resources.</p><p style="text-align:justify">The extraction of oil, gas and minerals is effectively the sale of this inheritance, with royalties and other proceeds being the consideration paid in exchange for the mineral wealth extracted. Unfortunately, governments everywhere treat the mineral sale proceeds as revenue or income, a crucial error which hides the real transaction &mdash; a sale of inherited wealth.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/mining-in-india-equals-selling-the-family-gold/article33603635.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/mining-in-india-equals-selling-the-family-gold/article33603635.ece?homepage=true">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/mining-in-india-equals-selling-the-family-gold/article33603635.ece?homepage=true" class="re" target="_blank">The Hindu, 19 January, 2021, https://www.thehindu.com/opinion/op-ed/mining-in-india-equals-selling-the-family-gold/article33603635.ece?homepage=true</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Mining in India equals selling the family gold -Rahul Basu    </title>
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Treating mineral sale proceeds as revenue or income hides the real transaction &mdash; the sale of inherited wealth

The principle that the economy must be &ldquo;sustainable&rdquo; &mdash; we cannot compromise the ability of future generations to meet their needs &mdash;..."/>
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Treating mineral sale proceeds as revenue or income hides the real transaction &mdash; the sale of inherited wealth

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    <h1 class="cat-box-title">Mining in India equals selling the family gold -Rahul Basu</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Treating mineral sale proceeds as revenue or income hides the real transaction &mdash; the sale of inherited wealth</em></p><p style="text-align:justify">The principle that the economy must be &ldquo;sustainable&rdquo; &mdash; we cannot compromise the ability of future generations to meet their needs &mdash; is beyond question. Climate change and high levels of consumption already threaten to rob future generations of a planet that is liveable. The principle of Intergenerational Equity would make it imperative for us to ensure future generations inherit at least as much as we did.</p><p style="text-align:justify">If we are successful in abiding by intergenerational equity, our children will be at least as well off as we are. If we leave a bequest as well, they will be better off than us. To consume what we have inherited without a thought for generations to come will leave the whole world poorer; like an addict selling the family gold.</p><p style="text-align:justify"><em>How it is unsustainable</em></p><p style="text-align:justify">India&rsquo;s National Mineral Policy 2019 states: &ldquo;natural resources, including minerals, are a shared inheritance where the state is the trustee on behalf of the people to ensure that future generations receive the benefit of inheritance.&rdquo; (https://bit.ly/2Xy5wyd). The primary objective of a trustee/manager is to maintain the corpus of the trust, the shared inheritance of natural resources.</p><p style="text-align:justify">The extraction of oil, gas and minerals is effectively the sale of this inheritance, with royalties and other proceeds being the consideration paid in exchange for the mineral wealth extracted. Unfortunately, governments everywhere treat the mineral sale proceeds as revenue or income, a crucial error which hides the real transaction &mdash; a sale of inherited wealth.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/mining-in-india-equals-selling-the-family-gold/article33603635.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/mining-in-india-equals-selling-the-family-gold/article33603635.ece?homepage=true">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/mining-in-india-equals-selling-the-family-gold/article33603635.ece?homepage=true" class="re" target="_blank">The Hindu, 19 January, 2021, https://www.thehindu.com/opinion/op-ed/mining-in-india-equals-selling-the-family-gold/article33603635.ece?homepage=true</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Mining in India equals selling the family gold -Rahul Basu    </title>
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Treating mineral sale proceeds as revenue or income hides the real transaction &mdash; the sale of inherited wealth

The principle that the economy must be &ldquo;sustainable&rdquo; &mdash; we cannot compromise the ability of future generations to meet their needs &mdash;..."/>
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Treating mineral sale proceeds as revenue or income hides the real transaction &mdash; the sale of inherited wealth

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    <h1 class="cat-box-title">Mining in India equals selling the family gold -Rahul Basu</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Treating mineral sale proceeds as revenue or income hides the real transaction &mdash; the sale of inherited wealth</em></p><p style="text-align:justify">The principle that the economy must be &ldquo;sustainable&rdquo; &mdash; we cannot compromise the ability of future generations to meet their needs &mdash; is beyond question. Climate change and high levels of consumption already threaten to rob future generations of a planet that is liveable. The principle of Intergenerational Equity would make it imperative for us to ensure future generations inherit at least as much as we did.</p><p style="text-align:justify">If we are successful in abiding by intergenerational equity, our children will be at least as well off as we are. If we leave a bequest as well, they will be better off than us. To consume what we have inherited without a thought for generations to come will leave the whole world poorer; like an addict selling the family gold.</p><p style="text-align:justify"><em>How it is unsustainable</em></p><p style="text-align:justify">India&rsquo;s National Mineral Policy 2019 states: &ldquo;natural resources, including minerals, are a shared inheritance where the state is the trustee on behalf of the people to ensure that future generations receive the benefit of inheritance.&rdquo; (https://bit.ly/2Xy5wyd). The primary objective of a trustee/manager is to maintain the corpus of the trust, the shared inheritance of natural resources.</p><p style="text-align:justify">The extraction of oil, gas and minerals is effectively the sale of this inheritance, with royalties and other proceeds being the consideration paid in exchange for the mineral wealth extracted. Unfortunately, governments everywhere treat the mineral sale proceeds as revenue or income, a crucial error which hides the real transaction &mdash; a sale of inherited wealth.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/mining-in-india-equals-selling-the-family-gold/article33603635.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/mining-in-india-equals-selling-the-family-gold/article33603635.ece?homepage=true">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/mining-in-india-equals-selling-the-family-gold/article33603635.ece?homepage=true" class="re" target="_blank">The Hindu, 19 January, 2021, https://www.thehindu.com/opinion/op-ed/mining-in-india-equals-selling-the-family-gold/article33603635.ece?homepage=true</a><div class="clear"></div>
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Mining in India equals selling the family gold -Rahul Basu

Published on Jan 19, 2021   Modified on Jan 19, 2021

-The Hindu Treating mineral sale proceeds as revenue or income hides the real transaction — the sale of inherited wealth The principle that the economy must be “sustainable” — we cannot compromise the ability of future generations to meet their needs — is beyond question. Climate change and high levels of consumption already threaten to rob future generations of a planet that is liveable. The principle of Intergenerational Equity would make it imperative for us to ensure future generations inherit at least as much as we did. If we are successful in abiding by intergenerational equity, our children will be at least as well off as we are. If we leave a bequest as well, they will be better off than us. To consume what we have inherited without a thought for generations to come will leave the whole world poorer; like an addict selling the family gold. How it is unsustainable India’s National Mineral Policy 2019 states: “natural resources, including minerals, are a shared inheritance where the state is the trustee on behalf of the people to ensure that future generations receive the benefit of inheritance.” (https://bit.ly/2Xy5wyd). The primary objective of a trustee/manager is to maintain the corpus of the trust, the shared inheritance of natural resources. The extraction of oil, gas and minerals is effectively the sale of this inheritance, with royalties and other proceeds being the consideration paid in exchange for the mineral wealth extracted. Unfortunately, governments everywhere treat the mineral sale proceeds as revenue or income, a crucial error which hides the real transaction — a sale of inherited wealth. Please click here to read more.

The Hindu, 19 January, 2021, https://www.thehindu.com/opinion/op-ed/mining-in-india-equals-selling-the-family-gold/article33603635.ece?homepage=true

Tagged with: Mining National Mineral Policy 2019 Intergenerational Equity Sustainable Development Mineral Extraction Goa

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