Home India Will resist move against KIIFB: Isaac

    Will resist move against KIIFB: Isaac


    Will resist relocation against KIIFB: Isaac

    ‘ Oppn. aim is to stall advancement projects using CAG’s draft report’.

    ‘ Oppn. objective is to stall advancement tasks using CAG’s draft report’.

    The Opposition United Democratic Front (UDF) should clarify whether it wishes to surrender the freedom of financial institutions such as Kerala Infrastructure Mutual Fund Board (KIIFB), Finance Minister T.M. Thomas Isaac has actually stated.

    Responding to the Opposition charges that the Financing Minister had actually committed breach of benefit of the Assembly by making a public declaration on the draft report of the Comptroller and Auditor General (CAG) of India on the KIIFB, Dr. Isaac stated the LDF government had in 1999 and the UDF government in 2003 raised funds by way of KIIFB and nobody raised these concerns then.

    The UDF was trying to stall development jobs worth50,000 crore that were being carried out in the State using KIIFB funds. This can not be permitted, he stated.

    The individuals had been delighting in the advantages of different infrastructure initiatives undertaken by the State federal government using KIIFB funds, he said.

    Tenders for tasks worth30,000 crore had actually been floated under the KIIFB and it can not be dropped midway. If the UDF was opposed to the KIIFB, it must create a response on how to take these projects forward, he stated.

    Numerous public sector companies such as National Highways Authority of India (NHAI) and the National Thermal Power Corporation (NTPC) had raised foreign funds, to which the CAG had no objections. The freedom offered to these agencies must also be encompassed the KIIFB, he stated.

    A nearly 100- page reply is being readied for the inquiries raised by the CAG. The Chief Secretary will forward the reply to the CAG, which will be shown individuals. The efforts of the UDF-BJP combine to stall the advancement projects by utilizing the draft report of the CAG would be prevented. Individuals, who had actually benefited by KIIFB jobs, would give a befitting reply to the false project, Dr. Isaac said.

    On the Opposition charges of breach of privilege, the Finance Minister stated such problems might be talked about in the Assembly as and when they show up. There were no allegations of corruption versus the KIIFB-supported jobs, which were being implemented in the State. At the exact same time, legislators of all political parties were pressing the government for using up more tasks in their constituencies, he said.

    ( the headline, this story has not been released by Important India News staff and is published from a syndicated feed.).


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