https://www.taxtmi.com/news?id=33841 State borrowing limits and the fiscal treatment of KIIFB financing are contested after a 2022 policy change that included KIIFB within the state's borrowing cap. The government has filed a constitutional challenge under Article 131 and is pursuing recognition that revenue-generating KIIFB projects and their loans can be excluded from the borrowing limit. The administration stresses KIIFB's timely debt servicing and strong credit rating as reasons market lenders continue to finance its projects. en-us Wed, 12 Feb 2025 21:46:03 +0530 Wed, 12 Feb 2025 21:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33841 State borrowing limits and the fiscal treatment of KIIFB financing are contested after a 2022 policy change that included KIIFB within the state's borrowing cap. The government has filed a constitutional challenge under Article 131 and is pursuing recognition that revenue-generating KIIFB projects and their loans can be excluded from the borrowing limit. The administration stresses KIIFB's timely debt servicing and strong credit rating as reasons market lenders continue to finance its projects. News - Wed, 12 Feb 2025 21:46:03 +0530 https://www.taxtmi.com/news?id=33841