BJP led Central Government has shocked Andhra Pradesh big time. Center has decided that the assets of institutions under Section 9 and 10 should be divided on the basis of their geographical location. This move will benefit Telangana big time as most of them are surrounded in and around Hyderabad.
The center has asked both the sides to divide the available funds in population ratio. There are 142 institutions under this Section 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 will have to lose about 14000 Crore due to this geographical basis stand.
Andhra Pradesh government is shell shocked with this decision and is contemplating to move to Supreme Court once again. Earlier AP has got a favourble judgement from the Supreme in Higher Education Council case and the state government is expecting the same for all the institutions as well.Follow Mirchi9 on Google NewsThis Week Releases on OTT – Check ‘Rating’ Filter
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