When ED goes after KIIFB - Explainer


Jishnu EN

1 min read
Read later
Print
Share

The enforcement directorate has triggered yet another controversy by sending a notice to former finance minister of Kerala, Dr TM Thomas Isaac. They want to question him regarding the funding of the Kerala Infrastructure Investment Fund Board, or the KIIFB, during the previous government.

The KIIFB Act was passed in 1999. In 2016, the first Pinarayi Vijayan government amended it to widen its scope. Dr Isaac relied heavily on KIIFB to build roads, bridges, government offices, and schools. The fund was also used for acquiring lands for prestigious projects of the government, such as widening the NH, SilverLine project and industrial corridors. As a result, the change in terms of road infrastructure and buildings is very much visible in the state.

How does KIIFB make all this money? They borrow it. And why can't the government borrow money directly instead of KIIFB? The video explains it all.

Add Comment
Related Topics

Get daily updates from Mathrubhumi.com

Newsletter
Youtube
Telegram
Disclaimer: Kindly avoid objectionable, derogatory, unlawful and lewd comments, while responding to reports. Such comments are punishable under cyber laws. Please keep away from personal attacks. The opinions expressed here are the personal opinions of readers and not that of Mathrubhumi.

IN CASE YOU MISSED IT
Representative Image | Photo: Canva

3 min

Retired bureaucrats and their insipid memoirs

Sep 27, 2023


crime

8 min

Chandrakant Jha : The Butcher of Delhi

Sep 26, 2023


ANI

3 min

Resisting Regression—II

Sep 6, 2023