Amendment status not verified — confirm the current text below against the official source.
(1) The Central Government shall have the power to administer the Fund in such manner as may be prescribed by rules made under this Act. (2) The Fund shall be utilised exclusively for meeting the Universal Service Obligation. (3) The Central Government shall be responsible for the co-ordination and ensuring timely utilisation and release of sums in accordance with the criteria as may be prescribed by rules made under this Act.]