Kerala Infrastructure Investment Fund Board Current Affairs, GK & News
On May 17, Kerala became the first sub-sovereign entity in the country to access the international market by listing masala bonds issued through its off-budget mechanism – the Kerala Infrastructure Investment Fund Board (KIIFB). Chief Minister Pinarayi Vijayan has become the debutant head of state in the country to open trading at the London Stock ..
The state-owned Kerala Infrastructure Investment Fund Board (KIIFB) debuted its ‘masala bond’ issue of Rs 2,150 crore at the London Stock Exchange. With the issue, Kerala has become the first Indian state to tap into masala bond market. The proceeds from the bond issue are slated to be used to part-finance the rebuilding of infrastructure ..
The government of Kerala has launched ‘Pravasi Dividend Pension Scheme. The governor of Kerala P. Sathasivam made this announcement in the address to the state assembly. About the Scheme The scheme has been introduced by the government of Kerala as part of welfare measures towards Pravasi Malayalis. Under the scheme, a regular pension would be ..
Kerala Infrastructure Investment Fund Board to issue masala bonds worth Rs 5,000 crore for development works
Kerala Infrastructure Investment Fund Board (KIIFB) is going to issue masala bonds worth Rs. 5,000 crore to mobilise funds for various development works. KIIFB has appointed Standard & Poor’s and Fitch Ratings for rating the masala bonds issue. The bonds will be listed in London and Singapore stock exchanges. The funds will be raised in ..