The political crisis in Andhra Pradesh is hurting business. Chief Minister K Roasaiah went public on Tuesday evening to share that hotels and tourism are flooded with cancellations.
For more than a month, bandhs and violent protests have been a daily feature of the battle over a new Telangana state. Coastal Andhra and Rayalaseema are firmly opposed to this move, sanctioned by the union government in early December. After mass resignations by MLAs from non-Telangana regions, the Centre made it clear last month that a new state will not be created in a hurry. Now, it's pro-Telangana politicians and student groups at Osmania University that are calling the shots. They've warned of an indefinite bandh if the government does not commit to a schedule for the new Telangana state.
For Rosaiah and the ruling Congress government, the nightmare gets worse every day. Close to 13 ministers from Telangana threatened to boycott a cabinet meeting scheduled for Wednesday, forcing the chief minister to postpone it.
The union government has promised Telangana MPs and MLAs "good news" soon - words used by Finance Minister, Pranab Mukherjee earlier this week.
One of the biggest points of conflict over the new Telangana state is Hyderabad and its booming economy. Telangana activists say they will not accept a new state without Hyderabad as its capital. Non-Telangana regions are bitterly opposed to this. At stake is crores of rupees invested in Hyderabad by IT and other firms.
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