Telangana News

The deadlock on sharing Rs 40,000 crore worth assets of around 142 institutions listed under X Schedule of AP Reorganisation Act to continue with both AP and Telangana sticking to their respective stands.

While the Telangana government opines that, division of the fixed assets of the institutions listed in X Scheduled is not possible, AP is strict about sharing the assets. It is to be noted that out of 142 institutions, 128 are located in Telangana and 14 in AP. “If division of fixed assets were done as demanded by AP,  it, will cause a major loss to TS,” an Telangana official said.

Sources say, the Supreme Court in its verdict on the assets of the State Council of Higher Education, sought to resolve the matter as per the AP Reorganisation Act. But as there is no clarity in the act, both the Telugu states are raising the objections according to their convenience.