KIIFB masala bond unconstitutional: CAG
The report, against which state finance minister T M Thomas Isaac had whipped up a storm in November last year, has said the off-budget borrowings of KIIFB are not in accordance with the Constitution.
The report, against which state finance minister T M Thomas Isaac had whipped up a storm in November last year, has said the off-budget borrowings of KIIFB are not in accordance with the Constitution.
A controversy had erupted when state finance minister Thomas Isaac took the unprecedented step of attacking the CAG last November, alleging its conclusions were politically motivated.
