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Rs 1,500 crores from USO fund for telecom sector

To achieve the target of 250 million phone connections by December 2007 in the country, Finance Minister P Chidambaram today said he proposes to provide Rs 1,500 crore from the Universal Services Obligation (USO) fund in 2006-07.

In his Budget speech, 2006-07, the Finance Minister said more than 50 million rural connections will be rolled out in three years and thereafter a connection will be available on demand. ''The digital divide between rural India and urban India will be bridged'', he said.

In order to extend financial support to infrastructure for cellular telephony in rural areas, the Communications Minister will bring a Bill in the current Budget Session of the Parliament to amend the Indian Telegraph Act.

 

(http://news.webindia123.com)

 
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