Thomas Isaac

The ED has served notices to Isaac and officials of the Kerala Infrastructure Investment Fund Board for allegedly violating Foreign Exchange Management Act norms by raising Rs 2,150 crore through masala bonds.

Ex-Kerala Minister Thomas Isaac terms ED notices to him as harassment

Confirming that summons have been sent to him again by the agency to appear before it on August 11, Isaac said that this time round ED has sought from him details in the last 10 years regarding his bank accounts, assets, foreign remittances, the companies he is a director in, etc.

Not yet received ED notice: Ex-Kerala FM Thomas Isaac

Official sources had on Sunday said that the ED has summoned the former Finance Minister in connection with the probe into alleged violations in the financial dealings of KIIFB during the previous LDF government in Kerala.

Former Kerala FM Thomas Isaac summoned by ED over probe against KIIFB

Kerala Infrastructure Investment Fund Board (KIIFB) is the primary agency of the state government for financing large and critical infrastructure projects.

Economic package measures 'deeply disappointing', says Kerala FM Thomas Isaac

During an elaborate press conference today, FM Sitharaman announced six postulates to infuse liquidity into the MSME sector.

Union govt 'strangulating' Kerala by denying funds: Thomas Isaac

Presenting the 2020-21 budget of the Pinarayi Vijayan led-LDF government, he alleged the centre has been "helping" corporates rather that the common man.

Financial crunch due to Centre's failure to release GST dues to Kerala: Thomas Isaac

Replying to a notice seeking leave for adjournment motion in the state assembly, Isaac said fears expressed by the opposition that the state was undergoing a severe financial crisis was unfounded.

100 crore central aid inadequate, says Kerala FM Thomas Isaac; K J Alphons terms remark 'political'

This comes a day after Home Minister Rajnath Singh sanctioned a grant of Rs 100 crore to flood ravaged Kerala where 39 people have lost their lives in unprecedented rainfall, with the state pegging its damages at Rs 8,316 crore.

GST impact: Textile industry seeks rate revision

Textile industry raises fresh concerns; claims goods and services tax (GST) regime makes imports more viable. CNBC-TV18’s Timsy Jaipuria has exclusive details. Also, watch Thomas Isaac, Finance Minister of Kerala and Member of GST Council endorsing the fears of textile industry.

GST Council meets to fit rates, states come up with wish-list

The two-day meeting of the Council, headed by Union Finance Minister Arun Jaitley and comprising representatives of all states, is working on fitting most of the items in the 5, 12, 18 and 28 per cent template.

Kerala govt expecting additional revenue of Rs 3,000 cr post GST   

As part of its initiative to meet the currency shortage in the state treasuries, government had deposited collections totalling about Rs 74.12 crore from beverages corporation, Rs 339.66 crore from KSEB and Rs 102.80 crore from lottery department till Apr 28 last, he said.

Skeptical about GST passage in Winter Session: Thomas Isaac

Two days ahead of the crucial GST Council meeting, Kerala Finance Minister Thomas Isaac is skeptical about the passage of Goods and Services Tax Bill during the ongoing Winter Session of the Parliament. The GST deadlock raises questions over the April 1, 2017 rollout of the new tax regime.

Deadlock on GST dual control continues; fingers crossed: Jaitley

Consensus on dual control eluded the second day of the GST Council meeting as states and the Centre failed to stitch together a deal. The Council, headed by Finance Minister Arun Jaitley, will now meet on December 11 and 12 to try and hammer out an agreeable model.

Centre failed to address hardship of public, says Kerala FM

"The Union government has literally failed in mitigating the hardship faced by the public following the demonetisation of Rs 500 and Rs 1,000 currency notes," Isaac said, during his visit to the Kerala pavilion at the India International Trade Fair at Pragati Maidan, here.

Black money measures causing hardship, says Kerala's FM

The Kerala Finance Minister, Thomas Isaac tells CNBC-TV18 that the government should have taken a few measures in advance that would have prevented a lot of hardship to the public.

Rate structure needs a lot of fine-tuning: Thomas Isaac

Thomas Isaac, Finance Minister, Kerala, said that two days were not enough to reach a consensus on rates.

GST Council has compromised for less on threshold limit, says EY

The fact that the Centre will only govern GST on services is a good move as it will take time to train the states, till then it makes sense for the Centre to administer GST on services, says Harishanker Subramaniam of EY.

Problem with GST council- centre and states not equal: Kerala FM

In this week's edition on Indianomics, Finance Minister of Kerala, Thomas Isaac told CNBC-TV18 that states and centre are not equal, which is the problem with the GST council.

Some clauses in GST Bill depart from Committee decision:Isaac

In a letter to Union Finance Minister Arun Jaitley, State Finance Minister T M Thomas Isaac claimed the proposed amendment to clause 10 of the bill of the 122nd amendment was not discussed at the Empowered Committee meeting.

GST at 18% is too low, not revenue neutral: Kerala FinMin

Kerala's Finance Minister Thomas Isaac said that even if the tax imposed is 20-24 percent, there will be a significant reduction in the burden of tax. Capping the tax at 18 percent is too low and it isn't revenue neutral, he added.

Cabinet approves GST Constitutional Amendment Bill

The Bill will also mention that dispute resolution will be decided by the GST council. The government has also included five years compensation clause for state governments for any loss that they may incur.

Kerala CPI-M wooed US investment: WikiLeaks

CPI-M in Kerala today admitted that its leaders and ministers had wooed US investment for Kerala when in power but played down the matter saying the party was not blindly opposed to foreign ivestment.