Boosted by a landmark Supreme Court ruling that division of assets of autonomous institutions between states should be according to population, Andhra Pradesh is now hoping to get a 58 per cent share in 142 institutions of Telangana built during the non-bifurcated Andhra Pradesh.
This is what the apex court said:
Since Andhra Pradesh, governed by Chief Minister N Chandrababu Naidu, has 58 per cent of the population of combined Andhra and Telangana, it can lay claim to that much share in the institutions.
Andhra had lost the same case in the Telangana High Court following which it knocked on SC’s doors.
Share in the institutions translates to wealth. The worth of these institutions, which includes land, buildings, and bank deposits, runs into thousands of crores.
Since all commercial activity was centered in and around Hyderabad, Andhra Pradesh was the loser due to the bifurcation in June 2014, which was attained in a very violent manner by an agitation spearheaded by K Chandrasekhar Rao of the Telangana Rashtra Samiti (TRS).
Rao became the first chief minister of the newly formed state. It was decided that Hyderabad will serve as the joint capital of both Telangana and Andhra Pradesh till 2024.
Despite the bifurcation bitterness between Rao and Naidu continues including on the issue of water sharing. But this SC verdict has just given a great ammo to Naidu.
Telangana is now planning to find ways to challenge the decision of the Supreme Court.