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The committee will scrutinise KIIFB's resource mobilisation strategies
The CAG has disputed Kerala's claim that KIIFB borrowings are contingent liabilities, stating they are effectively state debt as they're repaid from the Consolidated Fund, necessitating their inclusion in budgets and deficit calculations.
Junking certain LDF promises can also free budgetary funds.
Kerala's fiscal health report is a valuable assessment of its challenges, recommending expenditure management and tax reforms, though it overlooks cooperative sector issues and contextually presents debt.
A White Paper criticises KIIFB's functioning, citing skewed project allocations and structural irregularities, arguing its core premise is undermined.
The new government faces implementing five election promises, including free bus travel for women and higher welfare pensions. They must also address policy issues surrounding KIIFB and gold revenue, which may be detailed in a 'revision budget'.
K M Abraham has resigned as Chief Executive Officer of the Kerala Infrastructure Investment Fund Board (KIIFB).
Suspended IAS officer B Ashok alleged a retired officer, K M Abraham, formed a 'caucus' using KIIFB funds for the ruling party's publicity, thereby disrupting bureaucracy and silencing dissent.
The UDF plans to denotify land acquired for the SilverLine project and review schemes like LIFE Mission, Kerala Bank, and KIIFB if they win the 2026 Assembly elections.
The court raised concern about whether it would be appropriate to challenge the order when it has expired.
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