SNCN ACHARYULU
Due to the stubborn attitude of two Telugu states, thousands of crores of rupees are parked in the various banks since the last 10 years. The institutions listed in the 9th and 10th schedule of AP Reorganisation Act have not been bifurcated between Telangana and Andhra Pradesh states since the last 10 years. As a result, Rs 8,000 crore belonging to these institutions are parked in the banks and the State government can neither use these funds. Both Telugu states are starved of funds for development and for welfare activities. There are 91 institutions in the 9th schedule and 142 in the 10th schedule, including government departments, universities and others listed in the Act by the Central government at the time of the State’s bifurcation. Both governments resolved the bifurcation of some institutions which are not controversial. But both the governments are not ready to compromise or come to a consensus regarding big institutions which have a lot of funds.
Unless these institutions are bifurcated between both the states they cannot utilise the funds which are parked in the banks. In the Reorganisation Act, the Central government has laid down rules regarding bifurcation of assets, liabilities and the employees of these institutions. But both the State governments aver that these rules are contradictory and are using them to their advantage. According to sources, AP Genco is worth Rs 2,448 crore in the top 10 institutions of the 9th schedule. AP Genco has the highest amount and AP Marketing Federation has the lowest amount. In the top 10 institutions of the 10th schedule there are funds to the tune of Rs 2,994 crore. Around Rs 1,559 crore was divided between the two states.
