Protect and strengthen KIIFB, says CPI(M)’s ‘counter’ White Paper, amid UDF govt.’s revamp plan
The CPI(M) has released a 'counter' White Paper defending the Kerala Infrastructure Investment Fund Board (KIIFB) against criticism from the UDF government. The document argues that KIIFB is a vital vehicle for public infrastructure development rather than a source of fiscal stress.
Why it matters
This reflects a significant political and economic policy dispute in Kerala regarding state debt management and infrastructure funding models.
While the Congress-led United Democratic Front (UDF) government in Kerala is moving ahead with plans to overhaul the Kerala Infrastructure Investment Fund Board (KIIFB), the ‘counter’ White Paper released by Leader of the Opposition Pinarayi Vijayan earlier this week calls for strengthening and protecting KIIFB, describing it as “Kerala’s own model.”
The UDF government’s White Paper on the State’s fiscal health, which recommends amendment of the KIIFB Act and ending the way loans are availed through it, sounds the death knell for the institution, says the ‘The White Paper of Facts’ drafted by the Communist Party of India (Marxist) [CPI(M)]-led AKG Centre for Research and Studies.
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