Telecom Min seeks Rs 6,997 cr fund for projects this fiscal

The Telecom Ministry has sought additional funds of Rs 6,997 crore in the budget for various projects that are to be rolled out during the current financial year.

Telecom Minister Ravi Shankar Prasad is learnt to have approached Finance Minister Arun Jaitley for additional funds to carry out schemes committed under Universal Services Obligation fund scheme.

This included the national optical fibre network (NOFN) which aims to connect 50,000 village panchayat at the end of current fiscal and total of 2.5 lakh panchayats by 2016-17.

According to sources, Prasad has written to Jaitley saying "to carry out USOF schemes, we have received only Rs 3,538 crore and we need additional fund of Rs 6,997 crore."

Government collects USO Fund by levying cess on revenue earned by telecom operators from services which is used for funding telecom projects in rural areas.

The estimates for various projects during current financial year include Rs 8,500 crore for work on NOFN, Rs 587.78 crore for mobile service in nine naxal hit states, Rs 1,250 crore for a rural telephony scheme and Rs 77.62 crore for augmentation of certain optical fibre network between block and district headquarter.

The long pending project of mobile services in naxal affected states is yet to be approved by Cabinet for which state-run firm BSNL has submitted revised estimate of Rs 3,241 crore compared to Rs 3,046 crore approved earlier.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Regional parties that brought diversity to Indian democracy are at a dead end

    In the two decades, which began in 1989, when the paradigm of coalition politics came to dominate central governments, it would have sounded far-fetch

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Kuruvilla Pandikattu SJ

What we can learn from agnosticism

As an agnostic, the American writer David Breeden is aware ...

Shona Adhikari

When women to birds become a painter’s muses

This week the focus is on renowned artist Amitabha Banerjee, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture