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Telangana, AP to expedite division of undivided corporations
More than two years after State bifurcation, there are still outstanding issues vis-à-vis division of assets and liabilities of certain corporations between Telangana and AP. In order to speed up the division of 91 corporations listed under the Ninth Schedule of the AP Reorganisation Act, a committee formed by the senior officials from both AP and Telangana intend to meet next week to resolve the
Hyderabad: More than two years after State bifurcation, there are still outstanding issues vis-à-vis division of assets and liabilities of certain corporations between Telangana and AP. In order to speed up the division of 91 corporations listed under the Ninth Schedule of the AP Reorganisation Act, a committee formed by the senior officials from both AP and Telangana intend to meet next week to resolve the pending issues.
As things stand today, it is learnt that the Sheela Bhide Committee, which was constituted by the Centre earlier to iron out differences between both Telangana and AP, has already disposed the matter pertaining to 61 corporations. What remains at stake before the State-level committee is division of remaining 30 corporations and employees of 91 corporations between two States.
Confirming the same, convenor of the State-level committee Sadhu Sundar said: “There are still 30 corporations which are yet to be divided. The net worth of these corporations is estimated as Rs 60,000 crore.” Among the 30 corporations are some key organisations such as: RTC, AP Foods, Dairy Development, AP Agro among others. According to Sundar, there are some corporations among the 30 that need the intervention of the Centre.
“There is pressure from the Telangana government for the early division of corporations. In spite of the pressure, we are studying each and every issue carefully to ensure that the process is completed without any need to relook at things once again,” he added.
