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Monday, Jun 30, 2025
Kerala Infrastructure Investment Fund Board, in the form that it has been known till now, has been buried. Its epitaph was written by finance minister K N Balagopal in his budget speech on Friday, February 7. The unique non-revenue funding model conceptualised by his predecessor, Thomas Isaac, has been laid to rest. Under Isaac, it was the product of a socialist fantasy.
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.
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.
A panel of experts discusses if there is any merit in Kerala's argument that the Centre was undermining the autonomy of states and wilfully pushing states into a deep fiscal crisis or is it well within its rights to impose fiscal discipline.
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