Doors seem to be closing on Telangana regarding its objection over the sharing of assets in AP Higher Education Council and other institutions under Section 10 of Andhra Pradesh Reorganization. On March 18th, Supreme Court delivered a verdict to share all the assets and liabilities in population ratio.
The court also asked the Center to intervene and solve the tussle if both the states fail to arrive at a consensus in two months. Accordingly, a committee was setup by the Center. But Telangana government had filed a review petition on April 18th asking the Apex court to review its decision on the issue.
Telangana government is trying to delay the things by not co-operating for the division, saying that the issue is in courts. Finally, the other day, Supreme Court rejected to accept the review petition. There is another petition pending from AP Higher Education Council which will taken up in the third week.
Legal experts are expecting that Supreme Court’s stance on the issue is unlikely to change and the division is inevitable. 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.
