Thiruvananthapuram, June 23 (IANS) A fresh political flashpoint is set to erupt in the Kerala Assembly with the CAG flagging the transfer of Rs 262.06 crore from the Chief Minister’s Distress Relief Fund (CMDRF) to the Consolidated Fund, raising questions over financial management during the previous Pinarayi Vijayan government.The 2024-25 economic review report of the Comptroller and Auditor General, tabled on Tuesday in the Assembly, said the transfer was carried out in an irregular manner a…
Latest Kerala Infrastructure Investment Fund Board News & Updates
Thiruvananthapuram, June 4 (IANS) The Kerala Infrastructure Investment Fund Board (KIIFB), once projected as the state’s alternative engine for infrastructure development, has come under sharp scrutiny in the White Paper on the state’s finances, with the document raising serious concerns over its debt burden, borrowing costs and project priorities.The White Paper, tabled in the Assembly by Chief Minister V.D. Satheesan, states that the KIIFB was created with the primary objective of mobilisi…
Thiruvananthapuram, June 1 (IANS) In one of the most significant administrative reforms undertaken by the newly elected UDF government, Chief Minister V.D. Satheesan has initiated a comprehensive restructuring of the Kerala Infrastructure Investment Fund Board (KIIFB), signalling a decisive shift in the functioning of the state’s premier infrastructure financing agency.Even though it’s just two weeks since taking over, he has held two special meetings on the working and functioning of KIIFB.Th…
Thiruvananthapuram, May 20 (IANS) In one of the most politically significant decisions taken within days of assuming office, the Cabinet led by Chief Minister, V.D. Satheesan, on Wednesday formally moved to dismantle the controversial Silver Line semi high-speed rail project, announcing the cancellation of all land acquisition notifications issued for the project across Kerala.Addressing the media after the second Cabinet meeting of his government, CM Satheesan declared that all proceedings rela…
Thiruvananthapuram, May 5 (IANS) A day after the CPI-M-led Left suffered its worst-ever electoral drubbing in Kerala, K. M. Abraham, widely regarded as a trusted aide of Chief Minister Pinarayi Vijayan, resigned as Chief Executive Officer of the Kerala Infrastructure Investment Fund Board, signalling the first major administrative fallout of the verdict.Abraham, a 1982 batch IAS officer who retired as Chief Secretary in 2017, had continued to wield significant influence in the state’s administ…
Thiruvananthapuram, Feb 17 (IANS) Congress Working Committee member and senior legislator Ramesh Chennithala on Tuesday intensified his criticism of the Kerala Infrastructure Investment Fund Board (KIIFB), alleging that crores of rupees were being diverted under the guise of advertisements to serve the government’s election campaign. Responding to a clarification issued by the KIIFB CEO after his earlier press conference, Chennithala dismissed the explanation as “misleading” and disconnect…
Thiruvananthapuram, Feb 16 (IANS) Congress Working Committee (CWC) member and party’s Campaign Committee Chairman, Ramesh Chennithala, said on Monday that Rahul Gandhi will play an active and decisive role in the United Democratic Front’s (UDF) campaign for the upcoming Kerala Assembly elections. The Election Commission officials from Delhi are reaching the state capital city and would be here for two days next week.Addressing the media at the Kerala Pradesh Congress Committee headquarters in Th…
Kozhikode Feb 12 ( IANS) Kerala’s Leader of the Opposition (LoP) V.D. Satheesan, on Thursday, unveiled a comprehensive health sector reform blueprint prepared by a commission appointed by the United Democratic Front (UDF), declaring that “Health Kerala is on a ventilator” and promising structural overhaul if the Congress-led front returns to power. Releasing the report of the Health Commission led by S.S. Lal, LoP Satheesan said it was the first time in Kerala’s history that a political front ha…