Is the Kerala Infrastructure Investment Fund Board (KIIFB) a bluff? If not Kerala Finance Minister Thomas Isaac should come up with a valid explanation.
Former Kerala Chief Minister Oommen Chandy came up with a comment that KIIFB is nothing but a bluff as the announcements made on the project and the reality do not match at all. Oommen Chandy also added that with only seven months of time for this government, all the announced projects will not even be able to obtain the administrative sanction. They were just gimmicks for the next election. “Where is the money going to come from?” Chandy asked.
It is estimated that Kerala's total public debt will exceed Rs three lakh crores when this government steps down. This means that each individual in the state will be a debtor in phase with Rs 1 lakh. Who allowed Pinarayi Inc. to make such an unnecessary expense to put every Keralite in a debt trap, is a big question.
K A Solaman
