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If seen the way AP and Telangana governments are crossing swords with each other, they appears will never be able to co-ordinate with on any issue emerging out of bifurcation. Each other day find one issue or the other to cross swords. Though AP government is willing to sit for negotiations, Telangana Government is very much reluctant and always seen aggressive towards AP government, probably because of their strained relations as political parties. The latest issue they picks up is sharing of common revenue.
The revenue generated from VAT, excise, stamps and registrations for the years of 2013-14 that ends with 2014 March 31 was Rs.72,443 crore. The revenue earned from April 2014 to June 2nd is approx. Rs.6 000 crore. All this cash is lying in AP government account in Reserve Bank of India. Hence, naturally AP government has some upper hand over Telangana in this regard.
According to AP state reorganization Act 2014, the cash balnaces and public account held with RBI and SBI shall be apportioned between the successor governments of AP and Telangana states on the basis of population ratio, which is 58:42.
So, Telangana government is demanding for its due share in this revenue, but AP government is arguing that before sharing the revenue, the expenditure is also to be taken into account. It also argues that since AP has lost Hyderabad to Telangana, all the amount should be given to AP state only. However, Telangana Government also has its own kind of arguments. It argues that since major revenue was from Hyderabad only, 75 percent of the amount should be handed over to Telangana. Finance Ministers of both governments are crossing swords over this issue and once again ready to knock Centre’s doors for justice.
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