Andhra Pradesh wants 58 percent  RTC assets, moots voting, Telangana says no

 The stalemate continues over sharing of assets between APSRTC and TSRTC as the RTC Board meeting held at the RTC House here on Friday ended without making any headway.

Published: 16th September 2017 03:06 AM  |   Last Updated: 16th September 2017 08:37 AM   |  A+A-

By Express News Service

VIJAYAWADA: The stalemate continues over sharing of assets between APSRTC and TSRTC as the RTC Board meeting held at the RTC House here on Friday ended without making any headway.
According to APSRTC officials, the corporation demanded 58 per cent share in the 14 joint assets, however TSRTC officials refused to the proposal and assured to provide construction value in the Bus Bhavan located in RTC Cross Roads, Hyderabad. In less than a month, the APSRTC and TSRTC officials met twice, but failed to take a decision over the distribution of joint assets.


The board consisting of as many as 17 officials including seven from AP, five from Telangana and two from Central government and all of them participated in the meeting. APSRTC vice-chairman and managing director M Malakondaiah and his Telangana counterpart TSRTC MD G V Ramana Rao and principal secretaries of Transport (AP and Telangana) were present on the occasion. 


“We have demanded the TSRTC to provide 58 per cent share in the 14 joint assets. In return, they agreed only to provide construction value in the RTC Bus Bhavan located in Hyderabad. When we asked to conduct voting to decide the option, TSRTC officials turned down the proposal, forcing the meeting to conclude without taking any concrete measures in distribution of joint assets,’’ said APSRTC vice-chairman and managing director M Malakondaiah. 


A detailed report regarding the meeting will be sent to the Centre and Sheila Bide Commission, he added.
When contacted, APSRTC Employees Union (EU) deputy general secretary P Damodar said that 58 per cent share  in the 14 assets belong to the RTC in both Andhra Pradesh and Telangana should be given to the APSRTC. Otherwise, the APSRTC will face a loss of Rs 1,500 crore. A proper assurance should be given by the Central and State governments to the APSRTC over the compensation, Damodar demanded.In fact, the first RTC board meeting after the bifurcation of the State was held only on August 24. Though the RTC was functioning separately in AP and TS, the Board was not divided till date.

RTC joint assets 
RTC Bus Bhavan, Hyderabad
RTC Hospital, Tarnaka, Hyderabad
Bus Body Building Unit, Miyapur
RTC Function Hall, Hyderabad
Chairman Bungalow
Vice chairman and Managing Director Bungalow
Officers Quarters, Kazipet.
Light Vehicles Maintenance Depot, Musheerabad
Five-acre land, Anantapur

Stay up to date on all the latest Andhra Pradesh news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.