Date post: | 04-Jan-2016 |
Category: |
Documents |
Upload: | darrell-little |
View: | 215 times |
Download: | 1 times |
USOF: Instrumental in bridging India
3rd Sept. 2015
Workshop on USOFNICF, Ghitorni
Saurabh MohanDy. Administrator(Finance), USOF
History of Universal Service
*1837 Concept originated by Rowland Hill in Britain with his postal reforms (uniform rates and prepayment by sender via postage stamps)
*1907 Term originated in Theodore Vail’s slogan of ‘One Policy, One System, Universal Service’ for AT&T, USA
*1934 It became a national policy for making available wire & radio communication service with adequate facilities at reasonable charges across USA
*US is a key objective of the UPU. Even Art 1(d) of ITU lays a broad directive for States “to promote extension of the benefits of the new technology to all world’s inhabitants”
Essentials*
Availability: the level of service is
the same for all users in their place of work or
residence, at all
times and without geographical discrimination
Affordability:
for all users, the price of the service should not be a
factor that limits service
access
Accessibility:
all subscribers should be treated in a non-
discriminatory manner with
respect to the price, service and quality of the
service, in all places, without distinction of race, sex, religion, disabilities
etc.
* The underlying concept of Universal Service is to ensure that telecommunication services are accessible to the widest number of people (and communities) at affordable prices
Digital inclusion
Basis: Gaps Model
Source: Navas-Sabater et.al, 2002.
By ideal regulatory and
legal environment
Limited subsidy support
Continuing subsidies
Funds around the world (ITU sept 2013)
Guiding Force behind the Govt. intervention
Capacity to avail other EntitlementsBuild Capabilities
* NTP 2012 has one of its goal as ‘Right to Broadband’
ICT as an Entitlement
ICT as tool (means)
ICT as a goal (ends)
Making ICT services Available, Accessible & Affordable enough
Individual Development
Learning from best practices
Access vs. Service as policy goal
*Universal access (UA) is when everyone can access the service somewhere, at a public place]
*Universal service (US) is when every individual or household can have service or adequate proportion of the population can. (i.e., subscriber penetration targets)
*With the onset of Broadband revolution & maturation of mobile/wireless communications, UA/US policies & strategies is looking beyond telephony.
* In the deregulated competitive sector, the US obligation of the State towards the excluded sections, un-served or the underserved areas remains of paramount focus of the State
Timeline of changing focal points of USOFUS: (Stream I) ‘02-’16 Public phones
VPT /RCP schemes (‘02-’12)New VPT ‘09-’16 (Feb)
UA: (Stream V) ‘10- … OFC Infrastructure
OFC infra Coverage schemes (Assam - ’10 –’17 , NE I/II – ’12-’20 ) BBNL funding for NOFN, Transmission Plan in NER, Submarine OFC & Satellite B/w augmentation in Islands,
UA: (Stream II) ’02-’14 Rural household phones
RDEL scheme (‘02-’10) RDEL (Prior to ’02), still being funded
UA: (Stream III) ‘07- … Mobile voice coverageMobile (‘07- Nov. ’13) LWE & Mobile for uncovered villages schemes upcoming
UA & US: (Stream IV) ‘09-’18 Wire-line BBProvisioning of BB Kiosk & BB connection ‘09-’18 (Jan)
(Stream VI) ‘10- … Pilots- on new tech. developments
SMCF (‘10-’14) & Sanchar Shakti (‘12-…) & Renewable energy support to towers
Stream I Stream II Stream III Stream IV Stream V Stream VI0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2,517 cr
6,183 cr 403 cr
0 cr 0 cr
5 cr
116 cr
7,500 cr 597 cr
2,303 cr 410 cr
1 cr
Subsidy disbursed against closed & ongoing schemes in each Stream of USOF Activities signifying the currently prominent Streams
Ongoing
Closed
Genesis in India
•New Telecom Policy (NTP) envisaged development of telecom facilities in remote, hilly & tribal areas and provision of universal services to all uncovered villages. Private sector involvement was found to be slow as envisaged in NTP ‘99, all service providers were encouraged to participate in USO via reimbursement from USOF.
’99
•TRAI recommendations for est. of USOF & USL @5% of AGR of the TSPs except pure VAS providers •Universal Service Support Policy (USSP) came into effect w.e.f. 1.4.2002.•Administrator, USOF was appointed on 01.06.2002
’02
•The Indian Telegraph (Amendment) Act, 1885 gave statutory status retrospectively to the USOF
’03
•One of the objectives of the NTP ‘94 was Universal service : provision of access to all people , covering all villages as early as possible, for certain basic telecom services at affordable and reasonable prices.
‘94
Milestones of USOF
•New Telecom Policy (NTP) stated Universal Service as its goal, even in NTP 2012- focus on converged communication service (ICT-data, voice, video) in commercially unviable rural & remote areas
’99
•Universal Service Support Policy (USSP) came into effect w.e.f. 1.4.2002.
•schemes MARR VPT(A) & RDEL-B & RDEL-P(prior to 1.4.2002)
’02
•Statutory status retrospectively to the Fund, by adding Sec 9A- 9D in ITA, 1885
•VPT-OPEX & MARR VPT(B) launched
’03
•Rules for administration of the Fund was notified as IT (amendment) Rules,1951•Net Cost definition in Rule 525 & 523•Two streams (Rule 525) of US obligation funding for the activities •Powers of Administrator defined under Rule 524
•RCP & Uncovered VPT- Phase I launched
’04
•RDEL-A launched
’05
Milestones of USOF
•Four more streams (Rule 525) of USO funding added•"obligation to basic telegraph services“ substituted by " obligation to provide access to telegraph services“ vide Indian Telegraph (Amendment) Act
’06
•RDEL-X(extension of A) & Shared Mobile Infrastructure scheme•Rule 525 amended for support of max Rs. 6000 cr. for RDEL–P for period of 3 years
•New VPT Phase II & Rural wire-line BB launched
’07‘08‘09
• OFC(Assam) & Solar Mobile Charging Facility pilot schemes launched•All of the USOF activities came under Plan Budget from 2011-12
’10‘11
•Creation of NOFN for extending the BB connectivity to GPs via SPV(BBNL) funded by USOF •Eligible operators definition in ITR modified to mean ‘entities having valid license or registration or authorisation from Central Govt. for providing telecom services/infra. or any other entity. •Work towards ‘Right to broadband’ enshrined in NTP 2012•OFC for NE-I & NE-II and Sanchar Shakti pilot projects launched
’12
• BSNL nominated as USP for mobile services provision in LWE areas vide IT(amendment) Rules 1951 -Was an exception to Universal Service Provider selection process of competitive bidding as per Rule 526 • Rule 525 amended for support of max Rs. 1500 cr. for RDEL–P for one year w.e.f 18.7.11
’13
Milestones of USOF
•Mobile provisioning in MHA identified sites in LWE states launched•SS pilot in AP commenced its VAS services
‘14
•Upcoming tender for 8 USOF schemes for NER for mobile provisioning in uncovered villages & uncovered sections of NHs
‘15
Rationale
Market Gap
Lack of business
case
Green telecom,VAS/content
Access Gap
LWE, NE telecom planState ‘s obligation
Mobile coverageto uncovered villages ,A&N,OFC schemes in NE
Tech & Regulatory lag, Subsidy support to ~32 lakh RDEL (prior to 1/4/02) Connections of BSNL
Wealth re-distribution
LF levy across Rural & urban areas
R-U divide
(50%-150%) NOFN, Digital India
Objectives
»Economic: Network extension & stimulate uptake of the ICT services in rural/remote areas
»Social: Mainstreaming the underserved & unserved areas/groups
»Political: to enable citizens exercise their political rights in an informed way and
»Constitutional: Equitable distribution of the fruits of the telecom/digital revolution and fair allocation of national resource (pooled USO levy) via targeted subsidies
defined in Act as providing access to telegraph services in rural & remote areas at affordable and reasonable prices
•VPT-OPEX, MARR VPTs, VPT-1991, and RCP• On-going VPT-2001Public Access
•RDEL-A,RDEL-B,RDEL-X•RDEL–Prior to 1.4.2002 (subsidy support is being extended and under consideration by Telecom Commission)
Individual Access
•Shared Mobile Infrastructure scheme -Part A (IP)& B(USP)
•Ongoing LWE scheme & Upcoming Comprehensive telecom development plan for North East, uncovered villages of Himalayan & western Border states etc
Mobile Connectivity
• On-going Rural Wire-line broadband scheme (individual connections & kiosks)
Broadband connectivity
•On-going schemes for subsidy support for Optical Fibre Cable in Assam, NE-I & NE-II and National Optical Fibre Network,, A&N connectivity via OFC & satellite
General infrastructure
•Solar Mobile Charging facility by TERI•On-going Sanchar Shakti scheme for free of cost dissemination of customised information (Mobile-VAS) to rural women
•Renewable energy support for mobile towers
Pilot SchemesTargeting the needy & extension of new
converged services to the excluded
Subsidy streams of USOF
2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 (Q1)
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
100
36
1014
19
34
1815
711
8
1
65
9086
81
66
81
81
88 79
69
2 3
5
15
3
29
2 25
11
3 4
100
65
24
66
Stream VI
Stream V
Stream IV
Stream III
Stream II
Stream I
Stream I ( Total 2633 cr.)13%
Stream II ( Total 13683 cr.)68%
Stream III ( Total 1000 cr.)5%
Stream IV ( Total 2303 cr.)11%
Stream V ( Total 410 cr.)2%
Stream VI ( Total 6 cr.)0.03%
Stream-wise share in the total subsidy disbursed by USOF
Stream I : Provision of Village Public Telephones & Rural Community PhonesStream II : Provision of rural household wireline telephonesStream III : Provision of Mobile telecom services in rural/remote areasStream IV : Provision of Broadband Connectivity in rural/remote areasStream V : Creation of General telecom infrastructure in rural/remote areasStream VI : USOF pilots for assessing the viability & feasibility of new teelcom technologies for rural/remote areas
Joint Administrator (F)
Administrator, USOF
Joint Administrator (T)
DDG (Broadband)
DDG (PM&C)DDG (Green Technology)
Organization Structure
USOF: Attached office of DoT
*Administrator (Secretary rank) endowed with the powers of a Head of department & reports to MoC&IT
*USO Fund administration
*Policy making, define/review the scope
*Agreement formulation & signing with Service Provider with subsidy support for carrying out the USO (unviable rural/remote areas)
*Subsidy authorizations to CCAs
*Directions &clarifications to Service Provider & CCAs
*Monitor performance, issue inspection guidelines
*Conducting impact assessment & evaluation
»Rule 524 of ITR,1951 lays down the power of the Administrator, USOF to-
˃Settle the claim of Universal Service Provider after due verification, and make disbursements accordingly from the Fund;
˃Specify relevant formats, procedures and records to be maintained and furnished by the Universal Service Provider;
˃Monitor the performance of the Universal Service Provider as per the procedure specified by him from time to time.
USOF: Attached office of DoT
Functions of USOF (Finance)
» Finance advice in the implementation of the guidelines laid down by Government for providing Universal Service Support;
» Suggesting such changes in policy as may be deemed necessary for implementation of Universal Service Support for efficient & effective utilization of the Fund;
» Formulating USOF projects/schemes under the various streams provided in the Indian Telegraph Rules, 1951, in consultation with telecom service providers and various stakeholders;
» Designing an intelligent subsidy support model underlying the scheme/project, for reducing/closing the Viability Gap in provisioning of telecommunication service;
» Determining desirable subsidy level, structure & disbursement schedule and appropriate pricing of the services after undertaking a suitable costing & modeling/benchmarking exercise and competitive tendering process;
Functions of USOF (Finance)
» Finance advice in designing the bidding process and in carrying out the tendering;
» Aptly drafting Agreement with necessary incentives & disincentives to ensure the achievement of the deliverables by USP for the concerned scheme;
» Monitoring the implementation of USOF projects/schemes and to disburse subsidy in accordance with the terms & conditions of the respective USOF Agreement;
» Accurate & timely settlement of all claims of subsidy/financial support in respect of USOF schemes via CSM package
» Guiding CCAs in the implementation of the USOF scheme(s) and issuing clarifications w.r.t provisions of the governing USOF agreement via CSM;
» Content management of the USOF Website
Functions of USOF (Finance)
» Carrying out post-implementation review of USOF
projects/schemes;
» Financial management, Accounting, Budgeting and Audit of USOF activities;
» Forecasting the requirement of Universal Service Funds for each financial year and obtaining approval of Government through Department of Telecom;
» Ensuring that the prescribed Universal Service Levy is credited to the appropriate Universal Service Fund on a regular basis, as the Fund is a non-lapsable;
» Designing the format of various records and return to be maintained by the USPs.
₹ 0 Cr
₹ 5,000 Cr
₹ 10,000 Cr
₹ 15,000 Cr
₹ 20,000 Cr
₹ 25,000 Cr
₹ 30,000 Cr
₹ 35,000 Cr
₹ 40,000 Cr
₹ 45,000 Cr
1,654
2,143
3,458
3,215
3,941
5,406
5,515
5,778
6,115
6,724
6,735
7,896
7,539
300200
1,315
1,767
1,500
1,290
1,600
6,949 crores reimbursed to BSNL for License Fee & Spectrum
2,400
3,100
1,688
625
2,163
2,087
Fund balanceRs 39134.57 cr
Cumulative effect of inflows & outflows on USO fund balance Potentially available Fund for USO purpose via Budget appropriation
Subsidy Disbursed annually for rural/remote telecom connectivity & services provisionFund (CFI) Accretion annually via Universal Access Levy collections from TSPs
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16 (Q1)
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
237
66
65 83 82119
88 8625
860
63
4252
43
84
52
53 404
5
3056
63
173
125148
132139
40
914
129
11771514
1215
850
553559
124
58
6183
30
55
45
19
228
42111
7501378
2602 1271
15007500
51 92
87
95
64
403
43 6591
71
60
81
0.35
410
405
514
1352
2271
31
116
5
Share of Activities/Schemes in Annual & Total Subsidy disbursed Values in INR Cr
SMCF
Sanchar Shakti
NOFN
OFC-Assam
WIRELINE-BB
Shared Mobile Infra
RDEL(sum of A X D B)
RDEL-P
New VPT-2
New VPT-1
MARR-B
MARR-A
RCP
VPT OPEX
VPT OPEX4%
RCP1%
MARR-A5%
MARR-B2%
New VPT-11%
New VPT-21%
RDEL-A10%
RDEL-X4%
RDEL-B10%
RDEL-D6%
RDEL-P37%
Shared Mobile Infra2%
LWE3%
NOFN11%
OFC-Assam0%
WIRELINE-BB2%
Sanchar Shakti0.004%
SMCF0.03%
Share of Schemes in Total subsidy disbursed by USOF
Stream I : Provision of Village Public Telephones & Rural Community PhonesStream II : Provision of rural household wireline telephonesStream III : Provision of Mobile telecom services in rural/remote areasStream IV : Provision of Broadband Connectivity in rural/remote areasStream V : Creation of General telecom infrastructure in rural/remote areasStream VI : USOF pilots for assessing the viability & feasibility of new teelcom technologies for rural/re -mote areas
Public account
Transfer to USOF on
Hq. Authorisation of Requisition by
CCA
MH 8235-118
MH 3275-103 MH 3275-797
Parliament appropriates , & MoF allots
Debit on Intimation of payment by CCA
X Compensation to USP ( Debit
by CCAs)
MH 8670 -Drawings from bank
X amount disbursed (Credit)
X amount minus debit(Contra credit)
MH 3275-902
Consolidated fund of India
USO levy collections
MH 1275-OCS
Link between 2 government accounts
The Stages
*Resources for the Fund raised via 5% USO component in LF assessed & collected
* Fund – non-lapsable & for exclusive use
*USOF Policy for US, recent tilt towards community infrastructure ie UA
* 6 Streams/categories of USOF agreements
*Estimate annually & forecast the utilisation & undertake budgeting
*Stakeholder consultation-Desirability
* Technical Consultancy(DPR) –Feasibility
* Financial Consultancy(subsidy modelling) – Viability & ensure compliance of the roll-out obligations
* Tendering or nomination
* Tender/Agreement document preparation for extending subsidy, defining roles & obligations, penal clauses
* issue of NIT, Agreement/contract signing
Subsidy mechanism* Evaluate the extra costs generated by the constraints of the Universal Service
Obligations for the Telecom service provider & finance the ‘Gap’
* Rule 525 of the ITR, which makes explicitly clear that the Financial Support from the Fund shall be provided to meet the Net Cost of providing the specified Universal Service Obligation.
* Rule 523 also defines the phrases-
* "Capital Cost” means the capital expenditure incurred on providing access
* "Capital Recovery" means the aggregate of depreciation, interest on debt and return on equity on the capital cost
* “Net Cost” means Operating expenses plus Capital Recovery minus Revenue; Where support is extended towards Stream III, IV and V, Net Cost shall mean a percentage of Capital Recovery
* "Operating Expenses" means the annual Operating Cost incurred on operation and maintenance of the specified facilities
* "Revenue" means the annual charges including usage charge and applicable rental from the specified Service
Critical Role of CCAsArms of USOF Hq.
*Contributions to USO fund; levy assessment & collections
*Accurate & timely subsidy settlement
*Finalization of accounts, at the closure of scheme
*Issuing show-cause cum demand notice for o/s recoveries
Ears & eyes of USOF Hq.
*Role in ensuring compliance to ‘deliverables’ of the Agreement
*Subsidy claim verification & post-payment inspection
* Info. on dues, recoveries, claims/payments
*Feedback on Scheme’s performance
Relevant sections of USOF agreement
*General conditions
*Date of effect
*Validity of agreement
*Scope/target eg- VPT with STD, no existing VPT
*Commercial conditions
* Tariffs, display of information
*Technical conditions
*BB speed, bandwidth, faults, VPT with solar charging devices
*Financial conditions
*Subsidy structure & phasing from date of installation- FLS, EAS, procedure of claim processing, deductions for faults, recovery of excess-ascertained based on claim verification, inspections, auditor’s report
*Operating conditions
*Roll-out schedule, Liquidated damages, Performance Bank Guarantee
*Definitions
ANDHRA PRADESH; 800.7951956; 4%ASSAM; 215.0183119; 1%
BIHAR; 414.8388194; 2% CHATTISGARH, 287.67, 1% GUJRAT; 663.7418111; 3%
HARYANA; 185.0072794; 1%HIMACHAL PRADESH;
267.6460289; 1%J&K; 95.20; 0.48%
JHARKHAND; 86.27; 0.43%KARNATAKA; 666.4046698;
3%KERALA; 521.9597118; 3%
MAHARASHTRA; 1348.1669442; 7%
MP; 833.3697004; 4%
NE-I; 110.3971459; 1%NE-II; 81.32; 0.41%
ORISSA; 410.2907725; 2%PUNJAB; 320.5782676; 2%
RAJASTHAN; 796.1359118; 4%
TAMIL NADU; 360.2485989; 2%
UP(E); 596.740711094; 3%UP(W); 264.9201543; 1%UTTARANCHAL; 161.3467771; 1%WEST BENGAL; 179.7524839; 1%
USOF Hq; 10367.3707971; 52%
Circle wise share in the total subsidy disbursed by USOF
Note: USOF Hq stands for the subsidy payment done centralised to the Universal Service Provider for USO activities in all/some circles
VPT OPEX, 838.82, 5%
RCP; 72.1033019; 0.46%
MARR-A, 913.77, 6%
MARR-B; 404.0651883; 3%
New VPT-1, 228.31, 1%
New VPT-2, 116.35, 1%
RDEL-A, 951.24, 6%
RDEL-X; 294.3725742; 2%
RDEL-B, 2012.43, 13%
RDEL-D, 1191.78, 7%
RDEL-P, 7500.00, 47%
Shared Mobile Infra, 260.34, 2%
LWE, 596.51,
4%
OFC-Assam; 32.1748504; 0.20%WIRELINE-BB; 410.4433606; 3%
Rs 15823 crore out of the total USOF subsidy of Rs 20035 crore disbursed to BSNL (79%)
Stream I : Provision of Village Public Telephones & Rural Community PhonesStream II : Provision of rural household wireline telephonesStream III : Provision of Mobile telecom services in rural/remote areasStream IV : Provision of Broadband Connectivity in rural/remote areasStream V : Creation of General telecom infrastructure in rural/remote areas
BSNL; 15822.727813094; 78.97%
BBNL; 2270.8645971; 11.33%
RIL; 750.9936585; 3.75%
TATA; 723.1634735; 3.61%TTML; 317.0695006; 1.58% KEC; 38.6788535; 0.19% GTL; 36.9270366; 0.18% RCIL; 24.9846981; 0.12% VESL; 18.4364951; 0.09%
VECL; 8.8235871; 0.04%
DWL; 8.5949203; 0.04%
REST, 13.36, 0.07%
Universal Servcie Providers wise share in Total Subsidy disbursed
BSNL BBNL RIL TATA TTML KEC GTL RCIL VESL VECL DWL REST(TERI QTIL RTL RML ISPL SHYAM BHARTI RCL HFCL)
2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 (Q1)
0cr
500cr
1,000cr
1,500cr
2,000cr
2,500cr
3,000cr
3,500cr
300, 2 200, 3
1,315, 5
1,767, 7
1,500, 7
1,290, 7
1,600, 10
2,400, 12
3,100, 11
1,688, 12
625, 10
2,163, 142,087, 10
0.35, 2
Grand Total ( Progressive figure 20035 cr.)
Variation in Total USO Subsidy disbursed over the years
No of USOF schemes/activities against which subsidy disbursed
Contemporary Relevance
○ Number of upcoming schemes – Plan for utilising around 6 thousand crores during the period FY 15-16 to FY 22-23
○ Utilisation plan for USOF including annual accruals - entire fund would be put to use for the development of telecom infrastructure & provisioning of ICT services in rural/remote areas of India
○ In two pillars of the Digital India campaign- Broadband Highways & Universal Access, USOF has critical role to play
○ Rest of the 7 pillars such as e-governance, electronic delivery of services, information for all etc are directly & indirectly dependent on the strength of these two pillars
Region Upcoming Schemes
Uncovered villages & NH- NER except AP & 2 districts of Assam (2800 cr.)
Transmission Media Plan-NER (296 cr.)
Uncovered villages & NH- AP & 2 districts of Assam (1811 cr.)
Augmentation of satellite bandwidth systems-A&N Capex alone (82 cr.)
Augmentation of Intra-Island OFC network-A&N Capex alone (20 cr.)
Providing 2G (voice) coverage in uncovered villages-A&N (182 cr.)
Providing seamless 2G (voice) connectivity along NH223-A&N (8 cr.)
Submarine OFC connectivity between Mainland India and A&N - Chennai (1000) & Kolkata (600) route Capex alone (1600 cr.)
Augmentation of satellite bandwidth systems-Lakshdweep Capex alone (18 cr.)
Augmentation/ strengthening of 2G (voice) mobile connectivity- Lakshdweep (12 cr.)
Submarine OFC connectivity between Mainland India and Lakshadweep Capex alone (468 cr.)
Himalayan Uncovered villages & NH-Himalayan states (JK,HP,UK) - (1650 cr.)
Western Border Uncovered villages & NH- Western Border States - 2138 villages -(1604 cr.)
Southern States, LWE states, States with lesser number of
uncovered villages
Uncovered villages & NH- Rest of India ~40000 uncovered villages - (~30000 cr.)
NER
A&N
Lakshdweep
Committed Estimated Total
Outflows Total
CumulativeCumulative - Committed
a b c d e = c + d f g
2014-15 7539 39135 - - - - -
1 2015-16 7500 46635 4916 0 4916 4916 4916
2 2016-17 7875 54510 3567 165 3732 8648 8483
3 2017-18 8269 62779 3838 223 4061 12709 12321
4 2018-19 8682 71461 3707 6601 10309 23017 16028
5 2019-20 9116 80577 3707 6601 10309 33326 19735
6 2020-21 9572 90149 3234 6601 9836 43161 22969
7 2021-22 10051 100200 3234 6601 9836 52997 26204
8 2022-23 10553 110753 3234 6461 9695 62692 29438
Out flow/ disbursement
480614720346988
50070
Year End Cummulative Balance
(Only Committed outflows)
8131573996671806084255433504584602741719
-
i = b - g
Projections of the UAL Accrual and Disbursement from USO fund over the period FY 2015-16 to FY 2022-23
S. No.
Year Annual
UAL accrual
Cummulative UAL accrual
Year End Cummulative Balance (Committed &
Estimated)
h = b - f
-
4586241719
4725148444
Thank you