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The Hindu
The Hindu
National
The Hindu Bureau

Satheesan rules out joint agitation with LDF for fiscal federalism

LDF VD Satheesan UDF United Democratic Front Democratic Party

Leader of the Opposition V.D. Satheesan said the United Democratic Front’s (UDF) fight to fend off the Centre’s trespasses on fiscal federalism would be independent of the Communist Party of India (Marxist) [CPI(M)].

He said reckless borrowing by the Kerala Infrastructure Investment Fund Board (KIIFB) and Kerala Social Security Pensions Limited (KSSPL) from the open financial market had exacerbated the State’s fiscal deficit.

Mr. Satheesan said the UDF had repeatedly warned the Left Democratic Front (LDF) that the Centre would only deem the borrowings by State-owned special purpose vehicles within Budget borrowings.

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