... want to retain the right to abridge my work and to continue to publish it not just for one year, but till they decide to let it go out-of-print. ... And in the meanwhile, they are going to charge sub-licensing fees to any publisher who decides to publish the story again, including, hypothetically, my own anthology!Any publisher has of course the right to set their own terms, and a writer can elect to accept or refuse those terms.
If you are a new writer who needs the exposure and could benefit from getting your name out there (especially in an international anthology), you might be happy to accept such conditions, but if, like Damayanti, you see writing as a career path, are finding success elsewhere, and plan to compile your work into a book, this may not be the best deal for you.
I'd advise Damyanti to take her story elsewhere - what about you?
(This was the original call for submissions.)