BJP state president Rajeev Chandrasekhar on Tuesday questioned why Kerala Chief Minister Pinarayi Vijayan borrowed money at a higher interest rate from abroad through Masala Bonds, when low-interest loans were available in India.
In a Facebook post, Chandrasekhar posed several questions to Vijayan, including on why Rs 2,100 crore was borrowed from abroad via Masala Bonds at an interest rate of 9.5 per cent and why he did not try to obtain the loan from the Indian market at lower interest rates.
Chandrasekhar also alleged Rs 21 crore was paid as commission to an intermediary and asked who that was. He also questioned whether the required permission under the Foreign Exchange Management Act (FEMA) was sought.
The BJP state chief contended that these were “relevant questions” and if the Kerala government was “honest”, it should have answered them by now. He also contended that all other states in the country raise money from within India through bonds.
Chandrasekhar claimed that the .​BJP state president Rajeev Chandrasekhar on Tuesday questioned why Kerala Chief Minister Pinarayi Vijayan borrowed money at a higher interest rate from abroad through Masala Bonds, when low-interest loans were available in India.
In a Facebook post, Chandrasekhar posed several questions to Vijayan, including on why Rs 2,100 crore was borrowed from abroad via Masala Bonds at an interest rate of 9.5 per cent and why he did not try to obtain the loan from the Indian market at lower interest rates.
Chandrasekhar also alleged Rs 21 crore was paid as commission to an intermediary and asked who that was. He also questioned whether the required permission under the Foreign Exchange Management Act (FEMA) was sought.
The BJP state chief contended that these were “relevant questions” and if the Kerala government was “honest”, it should have answered them by now. He also contended that all other states in the country raise money from within India through bonds.
Chandrasekhar claimed that the . ​Latest News [ SOBAN NEWS: International and National ]
