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Articles for Kiifb, search results for fund

Economic growth project gets KIIFB nod
1 month ago

Economic growth project gets KIIFB nod

New Indian Express  

THIRUVANANTHAPURAM: The Kerala Infrastructure Investment Fund Board has given sanction for the economic triangle linking Vizhinjam, Kollam and Punalur. The initiative is aimed at creating an industrial corridor that would stimulate the state’s economic growth, said Finance Minister KN Balagopal. The minister was briefing the press after the 51st board meeting of the KIIFB chaired by Chief Minister Pinarayi Vijayan. …

Kiifb
Project to redevelop 10 bottlenecked junctions in Kochi at a standstill
5 months ago

Project to redevelop 10 bottlenecked junctions in Kochi at a standstill

The Hindu  

A project that was mulled a year ago to widen and redevelop 10 bottlenecked junctions in Kochi and its immediate suburbs has run into rough weather, thanks to non-allocation of funds. “With the State government not allotting funds even for doing the topographic survey, the project that would have ensured faster and streamlined movement of vehicles through these junctions that …

Kochi Kiifb Bottlenecked Junctions Natpac
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
[Masala Bonds Case] KIIFB Moves Kerala High Court Against Summons Issued By ED To Former Chief Secretary
11 months, 1 week ago

[Masala Bonds Case] KIIFB Moves Kerala High Court Against Summons Issued By ED To Former Chief Secretary

Live Law  

The Kerala Infrastructure Investment Fund Board has moved the Kerala High Court against the summons issued to Dr Kandathil Mathew Abraham, who was also the former Chief Secretary, by the Enforcement Directorate in relation to the masala bonds case. Senior Advocate Arvind Datar instructed by Advocate Harindranath for the KIIFB submitted before the Court that all the documents were already …

Court Summons Ramachandran Submitted Kiifb Masala Bonds Justice Ramachandran
Masala Bonds: A hot issue between the Enforcement Directorate and a former Kerala FM
11 months, 1 week ago

Masala Bonds: A hot issue between the Enforcement Directorate and a former Kerala FM

Hindustan Times  

Earlier this week, the Directorate of Enforcement sent yet another summons to CPI leader and former Kerala finance minister TM Thomas Isaac asking him to appear before it for questioning on January 12 as part of its probe into alleged violation of the Foreign Exchange Management Act, 1999 by the Kerala Infrastructure Investment Fund Board. KIIFB and issue of Masala …

Kerala Masala Fema Rbi Cag Bonds Isaac
Kerala High Court Directs ED To Furnish Verifiable Reasons For Investigating Ex-Minister Dr Thomas Issac & KIIFB In 'Masala Bonds' Case
1 year ago

Kerala High Court Directs ED To Furnish Verifiable Reasons For Investigating Ex-Minister Dr Thomas Issac & KIIFB In 'Masala Bonds' Case

Live Law  

The Kerala High Court today heard the arguments of counsels appearing for former Minister Dr Thomas Issac, Kerala Infrastructure Investment Fund Board and Enforcement Directorate, in the masala bonds case. Regarding the issuance of summons, the Court observed that an investigation can be conducted by the ED without issuing summons and no authorities could interrupt the investigation. The Court orally …

Investigation Court Issac Summons Kiifb Masala Bonds Issuance
KIIFB to enhance outlay for canal rejuvenation, STP projects in Kochi
1 year, 1 month ago

KIIFB to enhance outlay for canal rejuvenation, STP projects in Kochi

The Hindu  

A meeting convened by the Kerala Infrastructure Investment Fund Board on Wednesday decided to enhance the outlay for the Integrated Urban Regeneration and Water Transport System from ₹1,528.2 crore to ₹3,853.4 crore. Abraham and Kochi Metro Rail Limited managing director Lokanath Behera, according to a communication issued by the Mayor. Besides the rejuvenation of six once-navigable canals that are now …

Kmrl Canal Stp Perandoor Kiifb
Infrastructure projects worth ₹12,089.29 crore completed, according to KIIFB
1 year, 9 months ago

Infrastructure projects worth ₹12,089.29 crore completed, according to KIIFB

The Hindu  

Infrastructure projects worth ₹ 12,089.29 crore undertaken with funding via Kerala Infrastructure Investment Fund Board have been completed. The highest spending is on public works-related infrastructure projects such as roads, ₹ 10,823 crore, followed by industries, water resources, general education, and power. The 45th board meeting of KIIFB held last week had added 64 more projects to the list of …

Infrastructure Projects State Crore Kiifb Projects Worth
DDC meet calls for steps to avoid delay in implementation of KIIFB projects in Ernakulam
2 years, 1 month ago

DDC meet calls for steps to avoid delay in implementation of KIIFB projects in Ernakulam

The Hindu  

The District Development Committee, which met here on Saturday, directed officials in charge to avoid delay in implementing Kerala Infrastructure Investment Fund Board projects in Ernakulam. The MLAs also demanded that the Periyar Valley Canal be readied for opening in the beginning of December considering shortage of water in various parts of the district. MLAs Mathew Kuzhalnadan and Antony John …

Mla Ernakulam District
Not Justified ‘Repeated’ Summons to Former Minister Thomas Issac in KIIFB Probe: Kerala High Court
2 years, 2 months ago

Not Justified ‘Repeated’ Summons to Former Minister Thomas Issac in KIIFB Probe: Kerala High Court

News 18  

The Kerala High Court has kept on hold issuing of further summons to former finance minister Thomas Issac for two months by the Enforcement Directorate. Former finance minister and senior CPM leader Thomas Issac had approached the high court challenging the summons issued by the ED for investigation into the alleged Foreign Exchange Management Act violation related to the Kerala …

Court Issac Thomas Issac
Masala Bonds Case: Kerala High Court Stays Further Summons Against Dr Thomas Issac & KIIFB Officers For 2 Months
2 years, 2 months ago

Masala Bonds Case: Kerala High Court Stays Further Summons Against Dr Thomas Issac & KIIFB Officers For 2 Months

Live Law  

The Kerala High Court has put on hold for two months the further issuance of summons against Kerala Infrastructure Investment Fund Board and Former Finance Minister of Kerala Dr Thomas Issac in connection with ED probe into alleged FEMA violations in the issuance of Masala Bonds in 2019.The development comes in the pleas challenging ED summons in connection with the …

Kerala Investigation Court Kerala High Court Masala Fema Two Months
[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
ED Singling Out Kerala; Protracted Investigation May Have Lasting Ramifications On State Infra, Foreign Banks Denying Funds: KIIFB To High Court
2 years, 3 months ago

ED Singling Out Kerala; Protracted Investigation May Have Lasting Ramifications On State Infra, Foreign Banks Denying Funds: KIIFB To High Court

Live Law  

The Kerala Infrastructure Investment Fund Board on Friday submitted before the High Court that the protracted investigation against it initiated by the Enforcement Directorate had detrimentally affected its borrowing plans, which would not only jeopardize the Board's functioning but would also have the effect of stalling various developmental projects in the State.Justice V. G. Arun. The Kerala Infrastructure Investment Fund …

Kerala High Court Board Investigation Court State Kiifb
Kerala High Court Questions Maintainability Of MLAs' PIL Against ED Probe Into KIIFB, Reserves Verdict
2 years, 4 months ago

Kerala High Court Questions Maintainability Of MLAs' PIL Against ED Probe Into KIIFB, Reserves Verdict

Live Law  

The Kerala High Court on Thursday reserved its verdict on a PIL moved by five MLAs against the ongoing Enforcement Directorate probe into the financial transactions of the Kerala Infrastructure Investment Fund Board. A Division Bench of Chief Justice S Manikumar and Justice Shaji P Chaly doubted the maintainability of the plea on the grounds that it may not qualify …

Kerala High Court Verdict State Pil Kiifb Its Verdict
'He Has Right To Privacy': Kerala HC Asks ED Why Thomas Issac Should Produce Documents Of His Assets At First Instance
2 years, 4 months ago

'He Has Right To Privacy': Kerala HC Asks ED Why Thomas Issac Should Produce Documents Of His Assets At First Instance

Live Law  

The Kerala High Court on Thursday asked the Enforcement Directorate to explain why former Finance Minister of Kerala Dr Thomas Issac was asked to produce private information regarding his assets at this preliminary stage of the case, particularly when he was not even an accused or suspect yet.Justice V G Arun raised the question while hearing the plea filed by …

Kerala Asked Produce His Role Issac Summons His Assets
KMRL gets green nod for canal projects
2 years, 9 months ago

KMRL gets green nod for canal projects

The Hindu  

The ₹1,500-crore Integrated Urban Regeneration and Water Transport System project to widen, clean and develop six once-navigable canals in the city has got a shot in the arm with the Union Ministry of Environment, Forests and Climate Change approving the project. Kochi Metro Rail Limited, which would implement the project, had received the ‘consent to establish’ from the Pollution Control …

Land Acquisition Project Metro Kmrl Canal Kiifb Water Metro
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
The Kerala Model at the crossroads
3 years, 8 months ago

The Kerala Model at the crossroads

The Hindu  

Will the CPI-led Left Democratic Front be re-elected in the upcoming polls in Kerala, or will the Congress-led United Democratic Front return to lead the government? But a fundamental change occurred by the late 1980s — Kerala’s economic growth picked up. Apart from schools and hospitals, KIIFB funding is being used to build economic infrastructure such as roads, bridges, industrial …

Growth Kerala Infrastructure Economic Growth Economic Schools State
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 CM Writes to Election Commission on ED's Actions After Sitharaman’s Speech Against KIIFB
3 years, 9 months ago

Kerala CM Writes to Election Commission on ED's Actions After Sitharaman’s Speech Against KIIFB

News 18  

Kerala Chief Minister Pinarayi Vijayan shot off a letter to the Chief Election Commissioner stating that enforcement directorate is violating the model code of conduct in the State just before the Assembly elections due on April 6. The Chief Minister wrote, “The Enforcement Directorate has recently been repeatedly calling officials of KIIFB, a body corporate fully owned by the Government …

Kerala Election Commission State Fema Officials Minister Kiifb
'Joint Agenda to Sabotage Kerala's Development': Finance Minister Slams Congress, BJP Over KIIFB Row
4 years, 1 month ago

'Joint Agenda to Sabotage Kerala's Development': Finance Minister Slams Congress, BJP Over KIIFB Row

News 18  

Kerala Finance Minister T M Thomas Isaac on Monday hit out at the Congress and the BJP over the Kerala Infrastructure Investment Fund Board row and said it was a “joint agenda” to destroy the investment body and sabotage Kerala’s growth. The ruling Left and the Opposition parties have been locked in a war of words over the last two …

Kerala Congress Bjp Minister Kiifb Kuzhalnadan Rss Conspiracy
Kerala Govt, Oppn Trade Barbs Over Draft CAG Report on State Infra Investment Fund Board
4 years, 1 month ago

Kerala Govt, Oppn Trade Barbs Over Draft CAG Report on State Infra Investment Fund Board

News 18  

Kerala's ruling CPI and the opposition on Sunday continued to trade barbs over the draft CAG report on Kerala Infrastructure Investment Fund Board, with Finance Minister Thomas Isaac terming the unpublished document as "absurd" and senior Congress leader Ramesh Chennithala alleging corruption in some of the board-funded government projects. Attacking CAG over the draft report, which said KIIFB was raising …

Finance Corruption Kerala Congress Projects State Fund
After Slamming Central Probe Bodies, Kerala CPM Attacks CAG Over Draft Report on Infra Fund Board
4 years, 1 month ago

After Slamming Central Probe Bodies, Kerala CPM Attacks CAG Over Draft Report on Infra Fund Board

News 18  

Caught in a tight spot, the Kerala CPI’s strategy now is ‘attack is the best defence’ and after hitting out at the national probe agencies, it is the CAG that came under its ire on Sunday. Since July 5, when the gold smuggling scam surfaced and also the impropriety in Vijayan’s pet project-Life Mission surfaced, the NIA, Customs, CBI, ED …

Bengaluru Kerala State Report Centre Cag Vijayan
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