Thiruvananthapuram, May 20 -- A day after being sworn into office, the UDF government in Kerala on Tuesday formed an expert committee to study the state's finances and prepare a white paper within 10 days.

Chief minister VD Satheesan chaired the first meeting of the special committee on Tuesday, said an official familiar with the matter. Former vice-chairperson of the State Planning Board KR Jyothilal will head the committee, which will also include KR Jyothilal, additional chief secretary (finance), D Narayana, former director of Gulati Institute of Finance and Taxation and C Veeramani, director of the Centre for Development Studies in Thiruvananthapuram.

The "white paper" will help the state government in finding new avenues to bolste...