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Friday, Jun 13, 2025
Masala bonds are rupee-denominated bonds issued by Indian entities to source funds from a foreign market for infrastructure development.
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.
Kerala Government initially sanctioned Rs 1,028.20 crore for K-FON but approved a Rs 1,531.68 crore bid by Bharat Electronics-SRIT conglomerate.
The decision was taken at an executive meeting of the KIIFB, presided by Kerala Chief Minister Pinarayi Vijayan.
On Friday, Kerala's Finance Minister KN Balagopal will present his third budget.
Last fiscal, the state's own revenue had increased by Rs 17,000 crore.
This is because the Central Government has considered the KIIFB loans as part of borrowings availed by the State Government and capped the loan ceiling of the state accordingly.
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