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KIIFB borrowings bypass limits for State, have no constitutional nod: CAG report ANI | Updated: Jan 19, 2021 06:08 IST
Thiruvananthapuram (Kerala) [India], January 19 (ANI): The Comptroller Auditor General (CAG) rapped the State government over Kerala Infrastructure Investment Fund Board (KIIFB), which it termed is not adhering to constitutional provision and bypass the limits set on Government borrowings under Article 293 of the Constitution of India .
The State Finance Audit Report by the CAG was tabled in Kerala Assembly by Finance Minister Thomas Isaac here on Monday, who had criticised the report in public earlier and shared details for which he is facing an inquiry by Assembly Privilege and Ethics Committee.