The Finance Minister wants the Metropolitan city of Hyderabad be made a common Capital for two States on permanent basis if the State has to be bifurcated.

Anam Ramnarayan Reddy, the Finance Minsiter of the State provides figures to support his demand.  As per the records of the Finance Department, a lion’s share of contribution comes from Hyderabad to the extent of 80% of the total revenue of the State.  The statement showing the State revenue resources and arguments in favor of keeping the State united is prepared by the Finance Ministry which will be submitted to the GoM today.  

The arguments say that the Seemandhra cannot survive if it is deprived of the revenues from Hyderabad.  Similarly the arguments also point out the problems in Telangana region also as the revenue pattern will alter after the bifurcation.  

Out of the total revenue of the state to the tune of Rs.69146 crores, the revenues from Hyderabad and Rangareddy district alone amounts to Rs.48400 crores as the financial statements show for the fiscal year 2012-13.  The balance is shared by Andhra region to the tune of Rs.10729 crores, Telangana Rs.6206 crores and Rayalaseema Rs.3809 crores.  

Finally the report shows that keeping Hyderabad as the common capital will be beneficial to Telangana and also remaining part of Andhra Pradesh after Telangana is carved out.  The Finance Minister is going to suggest strongly to GoM that the decision about the capital should not be taken without considering the financial aspect of the issue.  

The major source of revenues from Hyderabad and Rangareddy districts are, VAT, Excise, Road Tax from Motor Vehicles    Stamp duty and Registration Charges from Revenue department and Entertainment Tax.

-SriJa