Stories
New Govt Will Have Its Own Policies: Keralam Speaker On KIIFB Issue
- •Keralam Legislative Assembly Speaker Thiruvanchoor Radhakrishnan defended the UDF administration's stance on KIIFB, stating that a new government may have different policies from its predecessor.
- •His remarks came in response to an expert panel report recommending an end to KIIFB's role as a separate fund-raising and project-financing body.
- •The committee, headed by retired IAS officer Sudha Pillai, stated that KIIFB's original rationale of raising funds outside the state borrowing space has lost its relevance.
- •Chief Minister V D Satheesan alleged that the panel flagged serious financial irregularities and huge liabilities, describing KIIFB as functioning like a separate empire.
- •Leader of Opposition Pinarayi Vijayan hit back, defending the spending in Kannur and accusing the current administration of trying to sabotage state development.
Key Questions Answered
An expert panel headed by retired IAS officer Sudha Pillai recommended ending KIIFB's role as a separate fund-raising and project-financing body. The committee stated that KIIFB's original rationale had lost its relevance because its borrowings are now counted against the state's borrowing space.
Chief Minister V D Satheesan stated that the expert panel flagged serious financial irregularities, rule violations, and massive financial liabilities associated with KIIFB. He also alleged that large amounts of funds were used to acquire expensive land in Kannur that mostly remains unutilised.
Assembly Speaker Thiruvanchoor Radhakrishnan defended the administration by noting that incoming governments often implement policies that differ from those of their predecessors. He emphasized that a new administration cannot be expected to blindly follow the steps of the previous one.
