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

A fiction about real-life drama behind Bollywood dramas

Actor and filmmaker Puneet Sikka comes out with a smoke-and-mirrors story decked in acerbic humour and grief. ‘Take No. 2020’ (published by Penguin India) is a story within a story about four migrant actors looking to find their feet in Bollywood till they are presented with a real-life plot tw

Sardar and the idea of ‘unity in diversity’

Vallabhbhai Patel: The Limitations of Anti-Colonial Nationalism and Electoral Politics By Rani Dhavan Shankardass Orient BlackSwan, 968 pages, Rs 2,465  

Combating cyber crime

India has faced a significant rise in coordinated threats to airlines, schools, hospitals, five-star hotels this year. These threats were posted on social media or sent through text messages, multiple threat mails that were simultaneously sent to political leaders, authorities and institutions.

`DPI must ensure data privacy, cyber security, citizen-first approach`

With massive development and deployment of Digital Public Infrastructure (DPI) applied to over 700 government programs for delivering public service, India’s DPI success has improved the lives of ordinary citizens who can now avail of services at their convenience. This has helped  save close to

Accountability in action: Rethinking corporate governance for PSUs

Corporate governance has long been recognised as the cornerstone for sustainable economic growth, corporate accountability, and stakeholder trust. For India, which aspires to become a USD 5 trillion economy and Vishwa-Guru (a model nation for the world), strengthening governance is imperative, in governmen

Mahayuti sweeps Maharashtra, JMM wins Jharkhand

The BJP-Shiv Sena Mahayuti has won the Maharashtra assembly elections with a comfortable margin, while the Hemant Soren-led Jharkhand Mukti Morcha has emerged clearly victorious in Jharkhand. While the counting was nearing the end Saturday evening, the party position in Maharashtra at 7 pm w

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter