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Allocation of 10k crore for Bharat Net welcome step: BSNL MD

Jaitley, while presenting the budget said that by 2017-18-end high speed broadband will be more 150,000 gram panchayats via Wifi hotspots.

By , ET Bureau | Updated:
Allocation of 10k crore for Bharat Net welcome step: BSNL MD
Mumbai: Welcoming the announcement of allocation of Rs 10,000 crore for Bharat Net by finance minister Arun Jaitley in his budget speech, chairman and managing director of state-run telco Bharat Sanchar Nigam Limited, Anupam Shrivastava, said that it will expedite the mission of a digitally connected India.

"BSNL takes pride in being an execution partner for the Bharat Net Project and will work cohesively towards its success. It will expedite the mission of a Digitally Connected Bharat," Shrivastava said in a tweet.

Jaitley, while presenting the budget said that by 2017-18-end high speed broadband will be more 150,000 gram panchayats via Wifi hotspots.

Bharat Net was rebranded from its name National Optic Fibre Network (NOFN) project in April 2015. It aims to cover a total of 2.5 lakh gram panchayats.

The BharatNet project is funded under the Universal Services Obligation Fund (USOF) set up in 2002 for providing teleco services in rural areas at subsided rates.
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Ever wondered why is there a briefcase or bahi khata in every Budget photo?
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It's a colonial ritual to carry a briefcase on the budget day. This is probably the most notable throwback of the entire practice of budget - the word 'budget is derived from the Middle English word 'bowgette', which came from 'bougette' which means a leather bag in French.

It's a colonial ritual to carry a briefcase on the budget day. This is probably the most notable throwback of the entire practice of budget - the word 'budget is derived from the Middle English word ..
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Earlier it was considered that a briefcase was sufficient enough to hold one's wealth.


So, now you get the etymological reference of the word budget.

Earlier it was considered that a briefcase was sufficient enough to hold one's wealth.So, now you get the etymological reference of the word budget.
It's a tradition that is derived from the British. Carrying a red briefcase or "Budget box" before the budget presentation on the Budget Day is a ritual which has been practised since 1860.
It's a tradition that is derived from the British. Carrying a red briefcase or "Budget box" before the budget presentation on the Budget Day is a ritual which has been practised since 1860.
A designed leather box (briefcase) called the “Budget Box” was presented to William Ewart Gladstone (Finance minister) by the Queen, and the same budget box has been presented to successive ministers.

However, there is no such tradition of passing the budget box is being followed in India.
A designed leather box (briefcase) called the “Budget Box” was presented to William Ewart Gladstone (Finance minister) by the Queen, and the same budget box has been presented to successive minister..
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In India, the tradition of the budget bag goes back to independent India's first ever budget presented by RK Shanmukham Chetty on November 26, 1947.

The budget photograph shows Chetty, wearing a dark, pin-striped, three-piece suit, and carrying what looks like a leather portfolio bag.

Ten years later, T T Krishnamachari poses with a slender file instead of the usual budget box.
In India, the tradition of the budget bag goes back to independent India's first ever budget presented by RK Shanmukham Chetty on November 26, 1947. The budget photograph shows Chetty, wearing a dar..
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By the time the 1970s came along, the box went through a makeover, emerging as the classic hardtop, aluminium-rimmed 'attache case' so beloved of the decade.
By the time the 1970s came along, the box went through a makeover, emerging as the classic hardtop, aluminium-rimmed 'attache case' so beloved of the decade.
Later FMs too experimented with the form, if not the idea, of the budget bag.

Yashwant Sinha's 1998-99 version had straps and buckles down the front while Manmohan Singh's epochal 1991version looked more or less like its Gladstone granddad but was black in colour.
Later FMs too experimented with the form, if not the idea, of the budget bag. Yashwant Sinha's 1998-99 version had straps and buckles down the front while Manmohan Singh's epochal 1991version looked..
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P Chidambaram used a plain brown and a reddish brown one in the Gladstone mould while Pranab Mukherjee held up a reddish box which looked almost like a replica of its British counterpart.
P Chidambaram used a plain brown and a reddish brown one in the Gladstone mould while Pranab Mukherjee held up a reddish box which looked almost like a replica of its British counterpart.
Arun Jaitley has picked a similar box for the two years he presented the budget though in different colours - one black and the other tan. According to sources, the budget bag is actually procured by the finance ministry.

The ministry offers the FM a choice of three or four bags out of which the FM picks one depending upon his choice of colour.
Arun Jaitley has picked a similar box for the two years he presented the budget though in different colours - one black and the other tan. According to sources, the budget bag is actually procured by..
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