AP Governor Approves Fund to Meet 4-Month Expenditure of Seemandhra, Telangana; Software Firms Look at IT-Savvy Naidu for Sop

Andhra Pradesh Governor ESL Narasimhan on 18 May approved ₹61,111 to crore meet the four-month expenditure of Telangana and Seemandhra or residual Andhra Pradesh. The approved budget will be applicable till 1 October 2014.

Narasimhan on Sunday held a high-level official meeting to okay the budget and other bifurcation formalities. The Governor also approved a policy to continue with the existing common admission procedure in education for the next 10 years.

As per the approved fund, Seemandhra or residual Andhra Pradesh has been allotted ₹34,595 crore, which includes ₹28,626 crore og revenue budget and ₹3,882 crore of capital budgets. Meanwhile, Telangana has been allotted ₹26,516 crore as its share of budget, which includes ₹3,882 crore of revenue budget and ₹3,046 crore of capital budget.

While the total amount has been divided between the two states for now, it is being said that these states can have their own full-fledged budgets, once their legislative assemblies have been formed.

On the other hand, the elected Members of Parliament from Telugu Desam Party (TDP) and BJP in Andhra Pradesh were expecting an invitation to participate in the new government at the Centre.

TDP is an alliance partner in NDA and reports suggest that TDP MPs in AP were in a dilemma that whether the BJP would take them into the Union government or not, as the party (BJP) has secured comfortable majority on its own to form the next government at the Centre.

The AP chief minister-in-waiting N Chandrababu Naidu, who was on visit to Tirumala on Monday, was still to get a formal communication from BJP about his next meeting with the prime minister designate Narendra Modi to discuss matters pertaining to politics and administration.

Meanwhile, in Seemandhra, the IT industry is expecting a lot from the TDP chief Naidu, who is the main architect behind transforming Hyderabad into a global-level software hub. IT companies, especially in coastal Andhra's pockets like Vijayawada and Visakhapatnam hope that the Naidu-led state government to be formed in Seemandhra would set up IT-corridors and offer incentives for software companies.