Alleging that the Model Code of Conduct was violated by Union Finance Minister Nirmala Sitharaman during her visit to Kerala, state Chief Minister Pinarayi Vijayan on Thursday said the former is 'attempting to attack' his government by using Enforcement Directorate (ED).
No violation of Foreign Exchange Act at KIIFB, says Kerala Finance Minister ANI | Updated: Mar 04, 2021 06:41 IST
Kochi (Kerala) [India], March 4 (ANI): Kerala Finance MinisterThomas Isaac on Wednesday said that there was no violation of the Foreign Exchange Management Act (FEMA) in alleged case of external borrowings of Kerala Infrastructure Investment Fund Board (KIIFB) through Masala Bonds. There is absolutely no violation of FEMA as we have received No Objection Certificate (NOC) from Reserve Bank of India (RBI), said Thomas Isaac while speaking to ANI.
The Finance Minister further said: There is a guideline that authorizes any body corporate to seek their permission to borrow through Masala bonds. KIIFB is body corporate.
Thiruvananthapuram (Kerala) [India], March 4 (ANI): Kerala Chief Minister Pinarayi Vijayan accused Enforcement Directorate (ED) of summoning Kerala Infrastructure Investment Fund Board (KIIFB) officials and said it is violating the Model Code of Conduct.
Thiruvananthapuram (Kerala) [India], March 4 (ANI): Alleging that the Model Code of Conduct was violated by Union Finance Minister Nirmala Sitharaman during her visit to Kerala, state Chief Minister Pinarayi Vijayan on Thursday said the former is 'attempting to attack' his government by using Enforcement Directorate (ED).'
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