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Articles for Kiifb, search results for assembly

CAG finds fault with Kerala’s off-Budget borrowings again
10 months, 1 week ago

CAG finds fault with Kerala’s off-Budget borrowings again

The Hindu  

Off-Budget borrowings have yet again drawn the criticism of the Comptroller and Auditor General of India whose latest audit report was tabled in the Kerala Legislative Assembly on February 15. Apart from borrowings made by the Kerala Infrastructure Investment Fund Board and the Kerala Social Security Pension Ltd, the borrowings under a bill discounting system also have drawn flak this …

Kerala State Report Kiifb Borrowings Ksspl Cag Finds
State economy clocked 12.01% growth in 2021-22: Economic Review
1 year, 10 months ago

State economy clocked 12.01% growth in 2021-22: Economic Review

The Hindu  

The State economy posted a ‘‘strong recovery’‘ in 2021-22 with the Gross State Domestic product clocking a 12.01% growth at constant prices, the Economic Review 2022 published on Thursday said. The annual growth rate of public debt decreased from 14.34% to 10.16%, and the public debt-GSDP ratio from 25.90% to 24.26% in 2021-22 compared to the previous fiscal. State’s own …

Growth State Fiscal Revenue Expenditure Kiifb Public Debt Crore Revenue
[Masala Bonds Case] Kerala High Court To Pass Order On Oct 10 in Pleas Challenging ED Summons Against Dr Thomas Issac & KIIFB Officers
2 years, 2 months ago

[Masala Bonds Case] Kerala High Court To Pass Order On Oct 10 in Pleas Challenging ED Summons Against Dr Thomas Issac & KIIFB Officers

Live Law  

The Kerala High Court on Friday heard two petitions filed by Kerala Infrastructure Investment Fund Board and Former Finance Minister of Kerala Dr Thomas Issac challenging the summons issued by the Enforcement Directorate in connection with the investigation into the financial transactions of KIIFB. When the matter was taken up today, the Counsel appearing for KIIFB submitted before the Court …

Kerala Investigation Court Enforcement Kerala High Court Fema Cag
Explained | Kerala’s mounting public debt
2 years, 4 months ago

Explained | Kerala’s mounting public debt

The Hindu  

The story so far: Over the past few months, Kerala’s mounting debt liabilities have been brought into sharp focus with the Reserve Bank of India, the Comptroller and Auditor General, and the opposition Congress-led United Democratic Front flagging the issue. Kerala Infrastructure Investment Fund Board A body corporate constituted by the Government of Kerala to mobilise financial resources outside of …

Kerala Financial Tax States Debt Revenue State
KIIFB: debt-financed expenditure offering a lifeline during a difficult financial period
3 years, 1 month ago

KIIFB: debt-financed expenditure offering a lifeline during a difficult financial period

The Hindu  

The story so far: The Finance Minister of Kerala, K.N. Kerala Infrastructure Investment Fund Board is a body corporate constituted by the Government of Kerala to mobilise financial resources for infrastructure development of the State. In 2016, the then newly elected Left Front Government decided to considerably expand the scope of KIIFB’s operations, and to use this institution to speed …

Finance India Growth Social Kerala Infrastructure Financial
Kerala Assembly Elections 2021 | Is development taking a back seat in Kerala campaign?
3 years, 8 months ago

Kerala Assembly Elections 2021 | Is development taking a back seat in Kerala campaign?

The Hindu  

Braving the sultry weather of early summer, Rasagi, 46, is at her tarpaulin-covered shanty on the mini bypass at Thripunithura in suburban Ernakulam selling fresh juice. “The biggest problem now is the absence of employment guarantee which was exacerbated by COVID-19,” says Ms. Rasagi, the sandalwood paste smeared on her forehead damp in the scorching heat. “They have no answers …

Kerala State Sabarimala Lop Kiifb Rasagi
Kerala Assembly Passes Resolution against CAG Report despite Opposition from UDF
3 years, 11 months ago

Kerala Assembly Passes Resolution against CAG Report despite Opposition from UDF

News 18  

The Kerala Assembly on Friday passed a resolution against the Comptroller and Auditor General report despite strong opposition from the Congress-led UDF over removing parts of the report tabled in the House containing adverse references on the KIIFB. Moving the resolution, Chief Minister Pinarayi Vijayan said certain changes in the final report was made by the CAG without hearing the …

Resolution Constitutional State Kerala Assembly Udf Vijayan Cag Report
Kerala Finance Min Hits Out at ED Over Reported Probe Against KIIFB; Opposition Says He Has 'Something to Hide'
4 years, 1 month ago

Kerala Finance Min Hits Out at ED Over Reported Probe Against KIIFB; Opposition Says He Has 'Something to Hide'

News 18  

Kerala Finance Minister T M Thomas Isaac on Sunday lashed out at the Enforcement Directorate for its reported probe against the state-run KIIFB over borrowing from international markets, saying such 'tactics' would not scare them. In a Facebook post and also addressing reporters, the Minister said the ED had sent a message to the media houses that "The C and …

Finance Kerala Congress Masala Report Bjp Minister
CAG Report on KIIFB: Thomas Isaac Alleges Conspiracy Against Kerala
4 years, 1 month ago

CAG Report on KIIFB: Thomas Isaac Alleges Conspiracy Against Kerala

News 18  

Continuing to lock horns over the CAG report on KIIFB, Finance minister Thomas Isaac on Tuesday claimed a political conspiracy had been hatched to choke Kerala’s development projects, as the Congress and BJP demanded his resignation for violating norms by making public the contents before it was tabled in the assembly. Isaac, who had earlier stated that it was a …

Kerala State Report Cag Isaac Cag Report Kiifb
Kerala Finance Minister Hits Out at CAG for Faulting States Infra Investment Fund Board
4 years, 1 month ago

Kerala Finance Minister Hits Out at CAG for Faulting States Infra Investment Fund Board

News 18  

Kerala Finance Minister Thomas Isaac on Saturday lashed out at the CAG for its "findings" in its draft report that Kerala Infrastructure Investment Fund Board was raising loans "unconstitutionally." Dismissing the findings, Isaac told reporters here that the state government will not allow the Comptroller and Audit General to destroy KIIFB, the primary agency of the state government for financing …

Loans State Report Cag Isaac Kiifb