Hello
322results for ""
A panel of experts (Jose Sebastian, S Adikesavan, Dr Shaijumon CS, Dr Christabell PJ) discusses if the Centre's tough stance has sounded the death-knell of KIIFB, Kerala's biggest ever instrument to boost infra growth.
KIIFB raised its objection while the court considered its plea that ED has no authority to investigate the alleged FEMA violations.
The summons were issued as part of its probe into alleged violations in the financial dealings of KIIFB when he was the state Finance Minister in the previous LDF government.
Isaac has sought the quashing of the two summons issued in connection with the dealings of KIIFB.
The State government rarely hesitates to shell out money for causes dear to the ruling party, the CPM.
Last month, announcing his decision to not appear before the ED, the former finance minister of Kerala had called the central agency a political tool of BJP.
The Comptroller and Auditor General has started a special audit on Kerala Urban and Rural Development Finance Corporation that funds the LIFE Mission.
The company will take up basic infrastructure development projects and allied technical aspects in various sectors, both in and outside India.
The Centre had earlier rejected Kerala’s claims that the Rs 14,000 crore borrowings under KIIFB and KSSPL are not direct debt for the State.
The strict order came on June 13 as the banks did not follow the initial directive given to them in April. With this, many entities under the State Government will have to face obstacles in availing of loans.