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By unreservedly wooing private capital, the Kerala budget has offered the first draft of the CPM plan to jettison Left ideals and embrace neoliberal thinking.
In October 2022, Justice VG Arun stayed further issuance of summons against KIIFB and Dr Thomas Issac for two months.
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.
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".
According to the agency, available evidence proved that money was diverted and spent in violation of rules.
According to her, the CAG ( Comptroller and Auditor General of India) was only criticising Kerala on notice of some non-transparent financial matters done by the Kerala government.
Over half a lakh crore of rupees is due under different department heads under the Kerala government
the Uralungal Labour Contract Cooperative Society has assets worth over Rs 4,000 crore and it is reportedly the largest labour contract society in Asia.