Governor ESL Narasimhan has called upon representatives of Telangana and Andhra Pradesh to strike a deal that includes, among other things, sharing of deposits of cooperative institutions and swapping of employees, reports Times of India.
Both states have agreed to share assets worth `100 crore that belong to 9 cooperative institutions listed in Schedule IX of the AP Reorganisation Act.
They are AP Vaddera Cooperative Society, AP Sangara Cooperative Finance Society, AP Valmiki Finance Corporation, Krishna Balija Development Society, Bhatraja Cooperative Development Society, Viswabrahmana Cooperative Federation, Salivahana Cooperative Society, AP Toddy Toppers Society and AP Medara Cooperative Finance Society.
According to sources, the distribution of assets of these cooperative institutions will be done on the basis of the population ratio. About 100 crore cash deposits will be shared by the two states,