The Chairman of the house of NPC, C.V.K.Sivagnnam said that, he had pointed out to the Governor Palihakara that, there exists a need for the NPC , to have a structure to receive foreign fund and utilize them. The naming of the structure is not a problem. The Governor had been requested to grant permission for this and that the governor had replied that he will discuss with the President regarding this.
A statute for the Chief Ministers Fund was formulated last year the former Governor refused to approve it. The discussion for the approvals were initiated by the Chairman of the House and was told the name “CM’s fund” could not be adopted due to legal snags.