more-inThe Finance Department will publish a special document on the status and progress of the projects announced in the previous two budgets, Finance Minister T.M. He was speaking at Budget Talk, an event organised by The Hindu and Asianet News on Friday. In a spirited defence of the reliance on Kerala Infrastructure Investment Fund Board (KIIFB) for major projects, he said it was a financial innovation to bypass the Fiscal Responsibility and Budget Management (FRMB) Act. If the government funds these projects, it will take more than 25 years. In the higher education sector, the government would provide funds for any purpose to all universities.

Source: The Hindu February 02, 2018 18:11 UTC