Kochi (Kerala) [India], March 4 (ANI): Kerala Finance Minister Thomas Isaac on Wednesday said that there was no violation of the Foreign Exchange Management Act (FEMA) in alleged case of external borrowings of Kerala Infrastructure Investment Fund Board (KIIFB) through Masala Bonds.
Kochi (Kerala) [India], March 3 (ANI): Enforcement Directorate has registered a case against Kerala Infrastructure Investment Fund Board (KIIFB) for external borrowings through Masala Bonds without the permission of the union government.