AP ready to auction its assets in Telangana
The central government has decided to appoint a high-powerd committee to resolve disputes between AP and Telangana over sharing of assets belonging to the institutions listed in the Schedule X of the AP Reorganization Act.
The committee will be headed by an additional secretary in the Union ministry of home affairs and will have two representatives each from Telangana and Andhra Pradesh. The Centre has asked the AP and Telangana governments to recommend two names for nomination to the panel. Andhra Pradesh government said it will nominate two members to the committee. The Centre is yet to hear from Telangana.
The Supreme Court refused to review its earlier judge ment on the sharing of assets and asked the Centre to set up a committee to over see the distribution of properties and liabilities in the ratio of 58:42 between AP and Telangana.However, the Telangana government is reportedly planning to move a curative petition requesting the apex court to examine the issue once again. “We have received information that the Telangana government is moving a curative petition on the sharing of assets and liabilities of the joint institutions. We will oppose the same in Supreme Court,“ said a senior official in the AP government.
Meanwhile, the AP government sent a report to the Union home ministry detailing the assets to be distributed between the two states. As per the report, the total assets to be shared are pegged at Rs 40,000 crore. These include Rs 4,500 crore fixed deposits. The AP government also informed the Union home ministry its readiness to auction its share of land and buildings if they are located in Telangana.
“The enumeration of assets and liabilities is complete and we have arrived at a final figure. The same has been informed to the Centre. As per the Supreme Court judgement, the Union home ministry should complete the distribution of assets in the ratio of population within two months. If it is reckoned from the first judgement, the two-month deadline had elapsed,“ said S Balasubramanyam, member of the committee appointed by AP government on sharing of assets and liabilities.
AP chief minister Chandrababu Naidu, during his recent meeting with Prime Minister Narendra Modi, pleaded for early decision on the division of assets.Based on Naidu’s representation, Modi is learnt to have asked Union home minister Rajnath Singh to depute a senior officer to head the committee to expedite the distribution of assets.
eenadu news paper 17-08-2016: http://epaper.eenadu.net