Friday, February 24, 2012

DoT, Finance Ministry spar over Budget allocation

The Telecom Ministry has told the Ministry of Finance that it will be forced to stop work on the crucial Defence optical fibre cable if adequate funds are not allocated in the forth coming Budget. The Department of Telecom had submitted an annual Plan proposal of Rs 6,767 crore for the year 2012-2013. This included Rs 5,000 crore for building the optical fibre cable network which is important from the point of view getting additional spectrum vacated by the Defence forces. Separately, the DoT had raised a demand of Rs 8,600 crore under Non-Plan head for the Universal Services Obligation fund.
Source: The Hindu Business Line

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