Around Rs.10,000 crore will be spent from the USO Fund in 2016-17 to speed up digital infrastructure projects even as the Finance Ministry remains conservative in allocations from it, Telecom Secretary JS Deepak said today. The expenditure from the Universal Service Obligation Fund (USO Fund) was around Rs.3,000 crore last fiscal. Deepak announced that Rs.10,000 crore will be spent in 2016-17, which is the highest in the history of USOF.
An official statement also quoted him as saying that the Finance Ministry is very conservative in allocation of funds under USOF.
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