Talks on RTC demerger remain inconclusive

The talks held between the Andhra Pradesh and Telangana Governments over demerger of Andhra Pradesh Road Transport Corporation, held in Vijayawada on Friday, remained inconclusive.

While TSRTC Managing Director Ramana Rao, GHMC Commissioner Dr. B. Janardhan Reddy, Finance Department Principal Secretary Sunil Sharma represented the Telangana State in the meeting, APSRTC MD Malakondaiah, R&B Principal Secretary Sunitha Dabra and other officials represented AP.

The TSRTC later issued a press release stating that the APSRTC prepared a Demerger Plan showing 14 properties as Headquarter properties, which it said was in violation of Central Government clarification dated 18.05.2017. "TSRTC prepared a Demerger Plan in tune with the clarification given by the Central Government. TSRTC requested to send both proposals to Central Government. APSRTC did not agree for the same and went ahead for voting without taking into consideration of the view of the Telangana Directors. The Board has no authority to pass any resolution against Central Government clarification. Therefore, the Directors of Telangana walked out of the Board Meeting," the press release added.