Telecom technology needs capital, govt to allocate 5% of USOF for R&D

Q: How long will it take to read this news story?

The story "Telecom technology needs capital, govt to allocate 5% of USOF for R&amp;D" has 469 words across 14 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Telecom technology needs capital, govt to allocate 5% of USOF for R&amp;D" was covered 4 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 289 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21725915</li><li>URL: https://beamstart.com/news/telecom-technology-needs-capital-govt-172164660360</li></ul>

Business Standard Logo Business Standard 4h ago

Telecom technology needs capital, govt to allocate 5% of USOF for R&D - Business Standard

Quick Summary:

The government has decided to allocate 5 per cent of Universal Services Obligation Fund (USOF) for research and development of telecommunications technology, said the Economic Survey 2023-24 tabled in Parliament on Monday.

To address this, the government has decided that an allocation of 5 per cent of annual collections from Universal Services Obligation Fund would be made available for funding R&D in the telecom sector," the survey said.

According to the survey, the Telecom Technology Development Fund formulated in 2022 has seen significant participation from startups, MSMEs, academia and industry.