Float policy, hand over India’s mining wealth to locals with right to inheritance: Representation to President, PM

A high-level meeting of India’s top advocacy group, mines, minerals and People (mm&P), has decided to represent to President Pranab Kumar Mukherjee and Prime Minister Narendra Modi to implement the concept of “intergenerational equity” to make sure that the next generations are equal shareholders of the natural resources.
The controversial concept, which is directed against corporate houses and other business interests seeking to mine away the natural wealth, has been coined by Goa Foundation, a Goa-based voluntary organization. The concept states, those who depend on natural resources alone are their rightful owners.Read more