Monday, 21 March 2016

AP To Get Rs.70,000 Crore As Its Share

In its recent judgment the supreme court of India has given guidelines over sharing of assets that belongs to the Education departments of two Telugu states. As per this judgment AP.

will gets its rightful share in all the 120 institutions as per the Reorganization Act, 2014.
The SC has also ruled that the money should be shared on 58:42 ratios for fixed deposit of Rs.115.88 crore and bank balance Rs.18.41 crore which are left with AP State Council of Higher Education during undivided AP.

                              

After the bifurcation the goverment of Telangana has guaranteed the responsibility for organizations which are situated in Hyderabad according to the Section 75 on the geological area premise. However, the Supreme Court has requested that the advantages should be shared just on the premise of Section 47 of AP Reogranisation Act, 2014. Furthermore, the SC has likewise guided that the debate between the two Telugu states in respects with resources and liabilities of United AP ought to be determined through shared assention.



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