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 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 …
The Budget was one that was based on optimism and hope. While major thrust was on the health sector in the previous budget, this year’s State Budget focusses on knowledge economy, skill development and infrastructure development in order to spur economic growth. Knowledge economy and skill development - The government started the Knowledge Economy Mission for providing 20 lakh employment …
