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Auction of AP Govt Assets soon!
By: Tupaki Desk | 17 Aug 2016 1:15 PM GMT
AP Government is mulling to auction the assets of its share in Hyderabad as the enumeration process between the Telugu States has comes to an end.
In a recent report forwarded to the Union Government, State Government has clearly mentioned about its willingness to auction these assets to overcome the cash crunch. While the total assets stood at around Rs 45,000 crore including the fixed deposits of Rs 4,5000.
Going by the Supreme Court verdict, Centre needs to wrap up the division of assets and liabilities between the Telugu States within two months. Already, The two-months period has elapsed but the process is yet to be completed.
Chief Minister Chandrababu Naidu brought this matter to the notice of PM Narendra Modi during his recent meeting in New Delhi. Following which, PM directed Home Minister Rajnath Singh to appoint a committee headed by a Senior Officer to speeden up the distribution process.
In a recent report forwarded to the Union Government, State Government has clearly mentioned about its willingness to auction these assets to overcome the cash crunch. While the total assets stood at around Rs 45,000 crore including the fixed deposits of Rs 4,5000.
Going by the Supreme Court verdict, Centre needs to wrap up the division of assets and liabilities between the Telugu States within two months. Already, The two-months period has elapsed but the process is yet to be completed.
Chief Minister Chandrababu Naidu brought this matter to the notice of PM Narendra Modi during his recent meeting in New Delhi. Following which, PM directed Home Minister Rajnath Singh to appoint a committee headed by a Senior Officer to speeden up the distribution process.
