Closing KIIFB Answers the Accounting Question, Not the Investment One
Kerala's expert panel on KIIFB has recommended ending its borrowing role, reopening the debate on states' use of off-budget borrowing and the Centre's limits on state finances. An economic analysis reviews an expert panel's recommendation to wind up the Kerala Infrastructure Investment Fund Board (KIIFB) following the Centre's crackdown on state off-budget borrowings. The controversy highlights the UPSC GS3 themes of fiscal…