Following en masse resignation of Congress and TDP MLAs from Telangana region, all 11 MLAs of Telangana Rashtra Samiti (TRS) on Tuesday resigned from their posts on the separate statehood demand.

Led by their floor leader in the assembly E Rajender, five TRS legislators submitted their resignations to the legislature secretary as both the speaker and the deputy speaker were not available.

Three other TRS MLAs, who were out of Hyderabad, faxed their resignations, while the three suspended MLAs of the party submitted their resignations later in the Assembly.

"Our intention is to build pressure on the centre on the statehood issue by creating a crisis with the resignation of more than 100 MLAs," Rajender said.

TRS MLA and party president K Chandrasekhar Rao's son K T Rama Rao told PTI that the Congress government in the state had no right to continue in office as the legislators from Telangana have quit en masse.

CPI deputy general secretary S Sudhakar Reddy said his party, which has four MLAs, would decide on resignations after the party's state secretary K Narayana would return from abroad.

The CPI MLAs have indicated that they are ready to quit their posts for Telangana.

81 MLAs and 10 MPs from Telangana quit their posts on Monday in support of the separate statehood demand.

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All-party meeting on Telangana unlikely soon

An all-party meeting on the Telangana issue in the near future appears unlikely with the Congress on Tuesday saying that such an exercise needs to be preceded by talks with the people of different regions of Andhra Pradesh and political parties.

"We won't jump straightaway to all-party meeting, we will have to first talk to people of Andhra Pradesh and people of other political parties and different regions," party general secretary Ghulam Nabi Azad told NDTV.

Azad, who is in-charge of party affairs in Andhra Pradesh, said that those agitating for a separate Telangana want some process to start and "this is the time we have to take a decision on this issue".

Dismissing suggestions that the UPA coalition at the centre was in a crisis in the wake of the resignation of several MPs, he, however, said that "the fact of the matter is that there is a problem and it is going on for sometime."

"It is a sensitive and a complex issue which requires wider consultations," Azad said, adding that earlier in the day he had "very cordial" discussions with MPs and representatives of legislators.

He said these representatives want a discussion to start and "they asked me why no consultations have started. So this is the stage where we are left and I am sure that we will have to start consultations."

Business activities affected in Telangana due to bandh

Economic activities in Telangana took a big hit on Tuesday, the first day of the two-day bandh called by various political parties demanding formation of separate state comprising the region in Andhra Pradesh.

Pharma industry, second largest business activity in Hyderabad after Information Technology, suffered a production loss of approximately Rs 100 crore, said a representative of Bulk Drug Manufacturers Association of India (BDMA).

"This (pharma) is not like any other industry which can be shut down and open whenever we want. Some processes are to be monitored continuously without interruption," he said.

Banking and financial activities came to a standstill in Telangana due to the bandh.

According to All India Bank Officers Association (AIBOA), banking transactions worth Rs 20,000 crore will be affected during these two days as most of the 5,000-odd branches of all banks in the region may remain closed.

V Anil Kumar, General Secretary, AIBOA (Andhra Pradesh unit), said the total transactions of all banks put together in Telangana were around Rs 10,000 crore per day.

"Most of the branches will be closed in the region to avoid attacks. We are more worried about bank properties. Some of the branches of Andhra Bank in Telangana were attacked during bandhs in the past. We do not want that to happen again," Kumar told PTI.

Though functioning of clearing houses were not affected today, the same may be hit tomorrow as people could not deposit cheques on Tuesday. It will take three days for bank employees to clear the backlog, he added.

According to an official spokesperson of All India Insurance Employees Association, the shutdown may affect premium collection in the region.

Singareni Collieries (SCCL) suffered coal production loss of Rs 15 crore on Tuesday, a spokesperson of the state-owned company said.

"Our daily output is approximately 1.35 lakh tonnes of coal. Today it was just 25,000 to 30,000 tonnes. Dispatches were also hit due to non-availability of transportation," the spokesperson said.

SCCL has all its coal mines spread across Telangana which consists of ten districts.

However, it is business as usual for IT industry, where employee attendance was normal, said L Suresh, President, Information Technology and Services Industry Association of Andhra Pradesh said.