- Mr Naidu announced the decision to pull out at a press conference
- The TDP chief said that promises made by the centre were not kept
- He said the centre did not take into account the "sentiments" of people
Claiming that the promises made by the centre during the bifurcation of Andhra Pradesh were not kept, Mr Naidu said, "Andhra Pradesh is not getting its due under the Andhra Pradesh Reorganisation Act. Would like to see how the centre reacts to it, then plan further course of action".
Mr Naidu announced the decision at a press conference in Amaravati after a meeting with his party's lawmakers. This came hours after Finance Minister Arun Jaitley suggested that grant of special status to Andhra Pradesh, a key demand made by Mr Naidu, may not be possible.
"After the 14th Finance Commission there is no special category scheme, though some states like the north east and hill states get 90% funding from the Centre...We decided that Andhra should be compensated after bifurcation for the amount a special status state gets and we have provided for those funds. We stand by that," Mr Jaitley said.
Mr Naidu said the centre did not take into account the "sentiments of the people of Andhra Pradesh".
Earlier on Wednesday evening, Mr Jaitley had said, "sentiment does not increase the quantum of funds... We have to look at the country as a whole".
Mr Naidu said he tried to get in touch with Prime Minister Narendra Modi to inform him about his decision. "As a courtesy and being a responsible senior politician, I tried reaching out to the Prime Minister to inform about our decision. He was unavailable," he said.