Politics
Speaker says new Kerala government sets KIIFB policy
Hindustan Times·
Keralam Assembly Speaker Thiruvanchoor Radhakrishnan said a new government can set its own KIIFB policies. A Sudha Pillai panel recommended ending KIIFB's role as a separate fund-raising body. Chief Minister V D Satheesan said the panel flagged financial irregularities and large liabilities. Leader of Opposition Pinarayi Vijayan said the UDF was trying to sabotage state development.
Prism
What It Means For You
- The Sudha Pillai panel report is before the Assembly as the government weighs next steps on KIIFB.
- Satheesan said the state will examine findings on irregularities before deciding further action.
- Borrowings once kept off the state's borrowing space are now counted against that space, the panel said.
What's Happening
- Speaker Thiruvanchoor Radhakrishnan defended the UDF stance that a new government can change KIIFB policy.
- The expert panel recommended ending KIIFB's separate fund-raising and project-financing role.
- Pinarayi Vijayan asked what was wrong with KIIFB funds being spent in Kannur.
The Political Fight Over KIIFB
- Satheesan alleged KIIFB functioned as a separate empire with large liabilities.
- He also alleged large land buys in Kannur at high rates that largely stayed unused.
- Vijayan alleged the UDF administration was trying to sabotage development in Keralam.
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