Kerala Infrastructure Investment Fund Board Borrowing Report

2 UPDATES · 1 DAY · 16 OCT 2026 — 16 OCT 2026

KeralaCPIPinarayi VijayanCongress

Latest · 16 Oct 2026

A committee led by Sudha Pillai and Tarun Bajaj recommended ending the Kerala Infrastructure Investment Fund Board's borrowing role after a report claimed the state lost Rs 13,104 crore.

What this timeline covers

This event covers the LDF government's decision to overrule the Finance Department to bypass the Council of Ministers for KIIFB borrowings, including its reactions, analyses, and follow-up developments. It excludes other actions by the LDF government, the Finance Department, or the individuals involved unless they are direct developments of this specific occurrence.

The full story, from the beginning

16Oct

STORY BEGINS — The Hindu

The Sudha Pillai committee report revealed that the LDF government overruled Finance Department decisions to deny guarantees for KIIFB borrowings across three fiscal years.

LATEST UPDATE — NDTV

A committee led by Sudha Pillai and Tarun Bajaj recommended ending the Kerala Infrastructure Investment Fund Board's borrowing role after a report claimed the state lost Rs 13,104 crore.

Awaiting next development