Finance dept decision against guarantees for KIIFB borrowings in three fiscals overruled by LDF: Sudha Pillai panel
An expert panel chaired by Sudha Pillai found that the state’s finance department’s refusal to provide guarantees for Kerala Infrastructure Investment Fund Board loans across three fiscal years was overturned by the Left Democratic Front government. The panel labeled the reversal a serious breach of the State’s Rules of Business, calling for corrective action in the public sector.