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Former finance minister reiterates he won't appear before central agency.
The minutes revealed that the then Chief Secretary Tom Jose and Finance Secretary Manoj Joshi had opposed the KIIFB's move to issue Masala bonds to raise funds at a higher interest rate.
The Kerala Cabinet, led by Chief Minister Pinarayi Vijayan, will assemble at Jantar Mantar in New Delhi on February 8 and shout slogans against the Centre's moves that the LDF believes is crippling both the state's finances and federalism. Even while conceding that the Centre is incrementally
Masala bonds are rupee-denominated bonds issued by Indian entities to source funds from a foreign market for infrastructure development.
In its affidavit, ED said the petitioners did not approach the court with "clean hands, clean mind and clean intent".
Isaac said that it was a politically motivated move in view of the approaching Lok Sabha elections.
As per the report, e-buses have made a profit of Rs 2.88 crore between April and December 2023.
Former Finance Minister Dr Thomas Isaac and expert commentator on banking and finance S Adikesavan join News Brake to discuss the future prospects Kerala Infrastructure Investment Fund Board (KIIFB).
Former Finance Minister Dr Thomas Isaac and expert commentator on banking and finance S Adikesavan join Onmanorama Budget Conversations to discuss KIIFB and the possibilities of the project in light of the Centre's restrictions.
KIIFB model has allowed Kerala to step up both is capital and social welfare spending in the last few years.