Former CAG Vinod Rai FTAC Chairman of Kerala

Former CAG Vinod Rai FTAC Chairman of Kerala: CPI-M led LDF government in Kerala has ropped in former Comptroller and Auditor General Vinod Rai as the Chairman of Fund Trustee Advisory Commission, which would ensure proper use of resources under the Kerala Infrastructure Investment Fund Board...

Excerpts:
"'Definitely the present decision is a strategic shift to attract private investments to boost infrastructure. Changes have taken place in the country. The objective is to tap the opportunities', Issac said in reply to a question.

The plan was to have investments to a tune of Rs.50,000 crore in various sectors in the next five years through KIIFB, he said.

Infrastructure Fund Management Corporation would be formed to work out details of products for raising funds from the market, he said."

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