The Congress and BJP are engaged in intense negotiations to hammer out an understanding over the creation of Telangana.
The BJP has assured the government that it would not waver from its commitment to the creation of Telangana but is insisting on a specific pledge of financial support for Seemandhra region as the condition for supporting the Andhra Pradesh Reorganization Bill, expected to be introduced in Parliament on Wednesday. The Union home ministry on Sunday sent a recommendation to President Pranab Mukherjee for introduction of the Telangana bill in Parliament.
Sources said BJP is demanding a commitment for extending financial assistance worth Rs.17,000 odd crore to Seemandhra region through the Consolidated Fund of India to meet the revenue gap it will be saddled with, based on projections for the previous and current fiscal years, because of the transfer of resource-rich Hyderabad to Telangana as the capital of the proposed state.
The party also wants the government to ask the Finance Commission to find ways of helping Seemandhra region with adequate funds on a long-term basis as a compensation for Hyderabad which generated Rs.24,000 crore in revenue.
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