City
Epaper

Kerala: Oppn boycotts investor meet; accuses CM of fudging facts

By IANS | Updated: January 21, 2023 14:50 IST

Kochi, Jan 21 The opposition in Kerala boycotted the investor meet on Saturday and accused Chief Minister Pinarayi ...

Open in App

Kochi, Jan 21 The opposition in Kerala boycotted the investor meet on Saturday and accused Chief Minister Pinarayi Vijayan and State Industries Minister P.Rajeev of misleading the people regarding the growth of the state's industrial sector.

Leader of Opposition V.D.Satheesan alleged that the state government was "blatantly" lying about the progress made in the state.

"It's in contrast to the figures put out by the Reserve Bank of India in its latest report. Here claims are being made that in the past one year, one lakh new units started functioning and two lakhs new jobs were created.

"According to the RBI report, Kerala lags behind other South Indian states. While in Tamil Nadu Rs 4.5 lakh crore capital investment took place in the industrial sector, in Kerala it was just Rs 0.76 lakh crore. Likewise, in numerous units in Tamil Nadu, 26 lakh jobs were there, in Kerala it stands at 3.34 lakh. Surprisingly, this government has added to the list even those units which were started by the people who took loans from banks," said Satheesan.

"The Vijayan government has miserably failed in making any progress in the industrial sector and they are sitting tight doing nothing. The only thing that happens is the airing of statements which are nothing but 'bluffs'. We skipped the investor meeting only to protest that," he added.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: State industriesPinarayi VijayanReserve Bank Of IndiaThe finance ministry of indiaMonetary policy committee of the rbiCentral board of reserve bank of indiaReserve bank of india governorFinance ministry and reserve bank of indiaNew india strategyReserve bank of india's boardDeputy governor of reserve bank of india
Open in App

Related Stories

BusinessWhat is Universal Banking? RBI Grants This License to a Bank for the First Time in 11 Years

NationalRBI Repo Rate: What is This ‘Repo Rate’ Everyone’s Talking About? And Why Does Your EMI Go Up Because of It?

LifestyleBank Holidays in August 2025: Banks to Remain Closed For 8 Days This Month; Check Dates

MaharashtraMaharashtra: RBI Imposes Rs 6 Lakh Penalty on Motiram Agrawal Jalna Merchants Cooperative (MAJMC) Bank

MumbaiBomb Threat at Bombay Stock Exchange: BSE Gets Threatening Email Saying 4RDX IED In Mumbai Office

International Realted Stories

InternationalIndia is cozying up to Xi Jinping, Kremlin's laundromat, claims White House Trade Adviser Peter Navarro

InternationalIndia-China trade route via Lipulekh heats Nepal parliament, brings opposition, ruling parties together

InternationalNetanyahu to approve military takeover of Gaza, orders immediate talks to "release all hostages"

InternationalPM Modi discusses peace efforts in Ukraine, West Asia with French President Macron

InternationalRussia's Indian Ocean presence not significant, limited to exercises: MEA in Parliament