Friday, October 15, 2010

Financialexpress.-Raja"s-move-on-USOF-to-benefit-only-1-company

New Delhi: Telecom minister A Raja has done it again. The controversial minister now wants money from the Universal Service Obligation (USO) Fund meant to promote rural telephony to be allocated to telecom tower companies under certain norms which, if implemented, would benefit only a single company.
The minister has asked USOF administrator Ajay Bhattacharya to tweak norms to make it mandatory that only those who build towers under phase-2 of the project — worth Rs 5,000 crore —– which use renewable energy sources in rural areas with population up to 500 would get grants.
The USOF currently has a Rs 14,700-crore corpus.
 To know more pl. read "Raja.....


Financialexpress.-Raja--s-move-on-USOF-to-benefit-only-1-company

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