Business Standard

Separate Fund For Village Telephony

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Thomas K Thomas BUSINESS STANDARD

Run-Up To Budget 2003

The government is likely to announce the creation of a separate Universal Services Obligation Fund during Budget 2003-04.

The USO fund, which is now a part of the Consolidated Fund of India, is only a notional one with no clarity on the amount.

Senior government officials have said the finance ministry may agree to create the USO fund following the Department of Telecommunications

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First Published: Feb 10 2003 | 12:00 AM IST

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