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 …
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 …
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 …
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