Thiruvananthapuram: The appointment of 2007-batch IAS officer Ajit Patil as the Chief Executive Officer of the Kerala Infrastructure Investment Fund Board (KIIFB) with additional charge is being viewed as a move that could save the state treasury around ₹5 lakh every month.
Patil, who serves as the Finance Resources Secretary, has been entrusted with the additional responsibility of KIIFB CEO. Since the post is being handled as an additional charge by an existing senior government officer, the government can avoid the separate package associated with appointing a full-time CEO from outside the existing administrative structure.
Previous CEO drew ₹5 lakh monthly salary
Former KIIFB CEO K.M. Abraham was paid a monthly salary of ₹5 lakh. It has also been pointed out that Abraham was receiving pension benefits associated with his former position as Chief Secretary in addition to the KIIFB remuneration.
Against this backdrop, the decision to entrust the CEO responsibility to a serving IAS officer has financial implications for the state government. Based on the monthly remuneration of the previous CEO, the move could translate into savings of approximately ₹5 lakh a month.
