Finance dept decision against guarantees for KIIFB borrowings in three fiscals overruled by LDF: Sudha Pillai panel
A report by the Sudha Pillai panel found that the Kerala government overruled the Finance Department's objections regarding guarantees for KIIFB borrowings. The findings suggest a potential violation of state business rules and concerns over fiscal transparency.
Why it matters
This highlights governance and fiscal management issues within state-level infrastructure funding, raising questions about accountability and debt sustainability.
Finance dept decision against guarantees for KIIFB borrowings in three fiscals overruled by LDF: Sudha Pillai panel left The report, tabled in the Keralam Assembly, also indicates how the Finance Department was practically kept in the dark about transactions that had a direct bearing on State finances. The Hindu The Hindu https://th-i.thgim.com/public/news/national/kerala/aiqhll/article71591533.ece/alternates/FREE_1200/KIIFB%201.jpg Panel report says this amounts to serious violation of Rules of Business of the State THIRUVANANTHAPURAM A Finance Department decision not to provide guarantees for the borrowings of the Kerala Infrastructure Investment Fund Board (KIIFB) in three consecutive fiscals had been overruled during Left Democratic Front (LDF) rule, amounting to a serious violation of the Rules of Business of the State. The finding is part of the 96-page report of the expert committee headed by former Finance Commission member secretary Sudha Pillai which conducted a review of KIIFB.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in