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Leaders lock horns during discussion regarding the CAG’s adverse findings on KIIFB borrowings, masala bonds Share Via Email | A+A A- By Express News Service THIRUVANANTHAPURAM: Finance Minister Thomas Isaac on Wednesday challenged Congress leader VD Satheesan to submit evidence on his allegation that the CAG had sent the minutes of the exit meeting to the state government. The leaders locked horns during the discussion on the adjournment motion moved by Satheesan regarding the CAG’s adverse findings on the borrowings of the Kerala Infrastructure Investment Board (KIIFB). The CAG, in its State Finance Audit Report that was tabled in the House on January 18, had observed that the borrowings were unconstitutional. ....
Finance Minister T.M. Thomas Isaac has said the adverse comments made by the Comptroller and Auditor General (CAG) on the State Finance Audit Report was aimed at tarnishing the image of State governme ....
Isaac gets clean chit Updated: Updated: Share Article AAA The Privileges and Ethics Committee of the Assembly headed by A. Pradeep Kumar has give a clean chit to Finance Minister T.M. Thomas Isaac in connection with the breach of privilege notice moved by Congress legislator V.D. Satheesan. Mr. Satheesan had alleged that Dr. Isaac had infringed on the rights of the House by disclosing the contents of the Comptroller and Auditor General’s State Finance Audit Report for the year ending March 2019 at a press conference before tabling in the Assembly. After seeking a reply from Dr. Isaac, Speaker P. Sreeramakrishnan had referred the privilege notice to the committee for scrutiny and report. ....
Thomas Isaac has objected to CAG’s references of the Kerala Industrial Infrastructure Fund Board (KIIFB) claiming that procedures had been flouted in preparation of the report. ....
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. ....