Which of the following statements accurately describes the consequences of the Six-Point Formula (Presidential Order) for Telangana?

A) The Telangana Regional Committee, formed in 1958, was dissolved, leading to the loss of protection for Telangana lands and the formation of a Regional Development Board, which proved ineffective.

B) The provision of separate budget estimation for the Andhra and Telangana regions was maintained to ensure balanced regional development.

C) The criteria to be recognized as a local resident of Telangana were altered, reducing the required duration from 15 years to 8 years