BSNL gets Rs.1,250 crore subsidy support

It is compensation for deficit incurred by BSNL in operating the rural wire-line connections

GN Bureau | September 21, 2016


#cabinet   #subsidy support   #BSNL  


 The union cabinet on Wednesday approved a proposal to extend subsidy support of Rs. 1,250 crore to Bharat Sanchar Nigam Limited (BSNL) from Universal Service Obligation Fund (USOF).

It is compensation for deficit incurred by BSNL in operating the rural wire-line connections installed prior to April 1, 2002.  The eligible rural wire-line connections is 32.32 lakh.
 
The cabinet also approved that the subsidy support would be the last and final payment and no further request from BSNL for financial/subsidy support from USOF on this count shall be considered.
 
USOF, since its inception in 2002, has been providing subsidy for BSNL for the rural wire line connections. A total of Rs. 8,692 crore has been extended as USOF subsidy support till date, for the rural wire-line connections, installed by BSNL prior to April 1, 2002.
 

Comments

 

Other News

INS Kalvari dedicated to the nation by PM

 Naval submarine INS Kalvari was dedicated to the nation by prime minister Narendra Modi on Thursday in Mumbai. INS Kalvari is a diesel-electric attack submarine built by the Mazagon Dock Shipbuilders Ltd for the Indian Navy. As per the plan, five more such submarines would be inducted into

Gujarat decides

People queued up since early morning to cast their ballot to decide the political fate of 851 candidates in the second and final phase of the bitterly fought Gujarat assembly elections. The votes in all the 182 seats will be counted on December 18. Over 22 million people are eligible to cast

Delhi’s air pollution answer may lie in distant Iceland

Had the situation not been so desperate, then the AAP government’s proposal to sprinkle water from helicopters would have been considered hare-brained. But, a more practical solution to tackling air pollution may well be around the corner and it lies in the success of a pilot project in Iceland.

Would demonetisation and GST have an impact on the Gujarat elections?

Would demonetisation and GST have an impact on the Gujarat elections?

By 2022, 37% of workforce would be employed in new job roles: Report

 In the organized manufacturing and service sector, employment is expected to increase from the current 38 million to 46-48 million by 2022, a new study has found.  All the new forms of employment are expected to add a further 20% - 25% to the workforce of the current defined “or

Govt withdraws December 31 deadline to link Aadhaar with bank accounts

A day before a Supreme Court bench takes up petitions opposing mandatory Aadhaar linkage with several government services, the government has withdrawn its December 31 deadline to link Aadhaar with bank ac



Video

NGT clarifies on amarnat issue, holy cave in not silent zone

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter