Whopping 36835 Cr For Division Between The Telugu States

The 142 institutions in Section 10 of Andhra Pradesh Reorganization Act are going to be divided between both the Telugu States, according to the Supreme Court’s directive. Reports are emerging that Telangana government has agreed to it and very soon Center will appoint a committee to ensure the division.

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Andhra Pradesh government is conducting an independent audit of all the assets of these institutions. They have managed to get the details of 132 institutions and their total assets value is going to be 36835 Crore which includes lands, buildings, bank deposits and others. This 36835 Crore if divided, Andhra Pradesh will get 21,364 Crore while Telangana will get 15,471 Crore in population ratio.

Out of the 36835 Crore, buildings and lands worth 28,046 Crore are in Telangana, more precisely in Hyderabad. The remaining 3650 Crore worth assets are in Andhra Pradesh. Remaining is in the form of bank deposits. Andhra Pradesh may have lost about 14000 Crore if Telangana’s argument of division on geographical basis stands.

Cash-strapped Andhra Pradesh is pushing for the division of these institutions as quickly as possible so that they can come to the rescue of its finances. But then Center just appointed a committee with no deadline and distanced itself from the issue and now Andhra Pradesh is worried that this process will be never ending. Telangana government even made sure that Andhra Pradesh government could not access the details of the assets of the institutions in its state.