TRAI’s Plan-corpus fund growth lower due to lesser govt grant in FY-16

BENGALURU: The Telecom Regulatory Authority of India reported its financial results for the year ended 31 March 2016 (FY-16). The regulator received 50.83 percent lower Plan grant from the Central Government at Rs 14.75 crore in FY-16 as compared to Rs 30 crore in the previous year. After taking into account higher Plan Total Expenditure of Rs 12.24 crore in the current year as compared to Rs 10.07 crore in FY-15, 87 percent lower surplus amount of Rs 2.52 crore in FY-16 as compared to Rs 19.34 crore in FY-15 was carried forward to its Plan-Corpus Fund. The regulator’s Plan-Corpus Fund has capital of Rs 68.66 crore at the close of FY-16.

Non-Plan Central Government grant however in the current year was 34.7 percent higher in FY-16 at Rs 55.89 crore as compared to Rs 41.50 crore in the previous crore. After 13.75 percent higher non-plan total expenditure of Rs 54.58 crore in FY-16 as compared to Rs 47.98 crore in FY-15, 70.2 percent higher surplus amount of Rs 16.19 crore in FY-16 as compared to Rs 9.52 crore in FY-15 was carried over to the non-plan Corpus Fund. TRAI’s non-plan Corpus Fund capital stood at Rs 38.79 crore at the end or FY-16.

TRAI’s Establishment Expense, which consists mainly of employee and employee benefits expenses, in FY-16 was 15.3 percent higher at Rs 26.03 crore as compared to Rs 22.57 crore in FY-15. Other non-plan administrative expense in FY-16 increased 13 percent to Rs 27.91 crore as compared to Rs 24.70 crore in FY-15. A major component head of TRAI’s other non-plan expense is Rents, Rates and Taxes which increased 17.1 percent in FY-16 to Rs 21.05 crore as compared to Rs 17.98 crore in FY-15.

TRAI’s Total Non-Plan Income in FY-16 grew 23.1 percent to Rs 70.77 crore as compared to Rs 47.98 crore in FY-15. Besides the Central Government Grant, other major income heads included Customer Education Fees from Telemarketers, Penalty from Telemarketers and Financial Disincentive.

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