The division of the erstwhile Andhra Pradesh State Finance Corporation (APSFC) between the two Telugu States has hit a roadblock again with the Telangana Government reiterating that the State did not have adequate representation in the APSFC board that approved the division of the corporation.
The State Government faulted the AP Government for approaching the court regarding land dispute at Gajularamaram on which the court had ordered status quo. “AP Government claims time and again that there is representation of Telangana on the board. Let the Department of Financial Services convene a meeting of the board and verify the issue,” a senior official said. The issue was discussed elaborately during the recent virtual meeting convened by the Ministry of Home Affairs with representatives of the two States.
The Telangana Government asserted that it had cancelled the allotment of 277 acres land allotted as equity as it had not been utilised and lying vacant. The State asserted that the Act specified division of headquarters on the population ratio and the building at Nanakramguda currently being shared by the two States should not be treated as part of the head office.
