In a letter written to the Chief Election Commissioner, the Chief Minister said that the ED summoned KIIFB officials as per the political interests of Union Finance Minister Nirmala Sitharaman.
With just weeks to go for the Assembly polls, Kerala Finance Minister Thomas Isaac has hit out at the centre over the Enforcement Directorate filing a case against the KIIFB claiming violation of FEMA Act, for "alleged attempts to subvert elections"
Kerala’s travails with soaring public debt continue
January 29, 2021
Could breach ₹ 3-lakh cr this year, says expert
“Irrespective of who rules the state, the debt will double” is how Kerala Finance Minister Thomas Isaac put it on the floor of the legislature recently while referring to the state’s public debt that has doubled almost every five years. For instance, from ₹ 26,259 crore to ₹ 47,883 crore by end-March, 2006: ₹ 83,963 crore in end-March, 2011; and ₹ 1,62,272 crore by end-March 2016.
“It would not be a surprise if the debt should breach the ₹3- lakh crore by end-March this year. As sobering a thought abounding with far-reaching implications for the economy, this does not seem to have set off the alarm bells ringing just yet,” says Jose Sebastian, public finance expert and former faculty at think-tank Gulati Institute of Finance and Taxation, Thiruvananthapuram.
Kerala Assembly passes motion to reject C&AG report on KIIFB ANI | Updated: Jan 22, 2021 15:53 IST
Thiruvananthapuram (Kerala) [India], January 22 (ANI): Amidst strong opposition from United Democratic Front (UDF), an unprecedented resolution presented by Kerala Chief Minister Pinarayi Vijayan against Comptroller & Auditor General s (C&AG) report was passed by Kerala Assembly here on Friday through the vote on account.
Moving the resolution under Rule 118 in the Kerala Assembly, the Chief Minister said, There are rules and regulations in place to conduct C&AGaudit. What happens if you consciously override the procedures that have been in place for ages?
The resolution rejected the remarks regarding Kerala Infrastructure Investment Fund Board (KIIFB) from Page no 41 to 43 of the state financial audit report of the C&AG.
More was expected from Dr Thomas Isaac the economist in terms of proposals to stabilise the ailing economy and set it on the path of recovery and growth.