Thursday, Apr 25 2024 | Time 19:20 Hrs(IST)
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India


Cabinet approves USOF support to BSNL for Rural Wire-line connections

New Delhi, Sep 21 (UNI) The Union Cabinet today approved the proposal to extend subsidy support of Rs 1,250 crore to Bharat Sanchar Nigam Limited (BSNL) from Universal Service Obligation Fund (USOF), as compensation for deficit incurred by BSNL in operating the Rural Wire-line connections installed prior to April 1, 2002, Finance Minister Arun Jaitley said.
The eligible rural wire-line connections installed prior to 1.4.2002 is 32.32 lakh, across India as on 31.3.2014.
The Cabinet, chaired by Prime Minister Narendra Modi, also approved that the above 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.
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