Tuesday, June 16, 2026
ADVT 
India

Fastway Cables Caused Rs 700 Crore Loss To State Exchequer: Navjot Sidhu

IANS, 23 Jun, 2017 01:09 PM
  • Fastway Cables Caused Rs 700 Crore Loss To State Exchequer: Navjot Sidhu
A probe in cable network business has exposed an unholy nexus which resulted in the loss to the tune of Rs.700 crore to the state revenue, said Local Government Minister S Navjot Singh Sidhu in the Punjab Assembly today.
 
 
Replying to a question asked by MLA Sukhjinder Singh Randhawa, he said, ''Had this money been deposited in the state exchequer, it would have been enough for the all round development of a big city. 
 
 
Talking in brief, the cable network business in Punjab runs as follows:- from TV company to distribution agent, Distribution Agent to Multi System Operator, Multi System Operator to Cable Operator and in the end the Common Consumer. In this, Fastway is leading the pack.
 
 
''This cable network business ran full throttle after the formation of the Akali government in 2007. It was expanded with the intent to carry out loot of Punjab and finish off small businesses through monopoly.
 
 
 
''At present, a company named Fastway cable is running the cable network business throughout the state. But what is astonishing is that only around 1,25,000 connections are being stated whereas the reality points out to around 80 lakh TVs in Punjab.''
 
 
 
 
Punjab has more than 8,000 cable operators out of which 6,500 are directly under Fastway while the rest 1500 are indirectly under it, the Minister said. ''What is surprising is that the service tax department of the Union Government has accounts of 1500 local cable operators while the rest operate illicitly. ''
 
 
According to the information, the service tax department has issued service tax notices worth Rs 250 crore out of which only Rs 23 crore have been deposited.
 
 
He also demanded a separate probe into the under reporting of total TV connections and cable operators engaged by the company. 
   
 
He alleged that only 1,25,000 cable connections  were shown but actually 80 lakh connections existed.  
    
               
Out of 8,000 cable operators, 6500 were under Fastway, he said.       
  
               
He sought an FIR against Fastway for laying wires without permission.
 
 
 
“Fastway owed rent for hanging cables per pole. Punjab has 3 lakh poles,” he said, but not a single penny given.
 
 
He demanded vigilance inquiry from Chief Minister Amarinder Singh against the “cable mafia”.

MORE India ARTICLES

US-Based Sikh Body Gifts Diamond-Studded 24-Carat Gold Sabre At Patna Gurdwara

US-Based Sikh Body Gifts Diamond-Studded 24-Carat Gold Sabre At Patna Gurdwara
The 'Khalsa Raj' sword presented by the Sikh Dharma International (SDI) is plated in 24-carat gold and cost more than Rs 1 crore. 

US-Based Sikh Body Gifts Diamond-Studded 24-Carat Gold Sabre At Patna Gurdwara

Delhi Police Probing Man Who Posted Youtube 'Prank' Of Kissing Women In Public

Delhi Police Probing Man Who Posted Youtube 'Prank' Of Kissing Women In Public
Delhi Police on Saturday assured of action against a molester, who runs away after kissing random girls and later posts videos of the 'prank' on social media websites.

Delhi Police Probing Man Who Posted Youtube 'Prank' Of Kissing Women In Public

Bengaluru: Fourth Case Of Sexual Assault Emerges; Woman Brutally Thrashed, Molested

Bengaluru: Fourth Case Of Sexual Assault Emerges; Woman Brutally Thrashed, Molested
The woman was brutally thrashed and allegedly even bitten on her tongue while resisting the molester. Meanwhile, a case has been registered against the accused and an investigation has been initiated.

Bengaluru: Fourth Case Of Sexual Assault Emerges; Woman Brutally Thrashed, Molested

Be Part Of India's Growth Story, Minister Tells Young Diaspora

Be Part Of India's Growth Story, Minister Tells Young Diaspora
Union Minister of State for External Affairs General V.K. Singh on Saturday urged the young diaspora to be a part of India's growth story by tapping the opportunities the country offers through various programmes.

Be Part Of India's Growth Story, Minister Tells Young Diaspora

Surrey Outreach Team Engaging Community on 135A Street

Surrey Outreach Team Engaging Community on 135A Street
This week marks the official launch of the Surrey Outreach Team in the 135A Street area of Surrey. Announced in December, the Surrey Outreach Team is an integrated approach to addressing public safety, health, and quality of life issues in and around 135A Street.

Surrey Outreach Team Engaging Community on 135A Street

BJP MP Sakshi Maharaj Blames Muslims For Population Rise, FIR Lodged

BJP MP Sakshi Maharaj Blames Muslims For Population Rise, FIR Lodged
The Election Commission on Saturday sought a report from the Uttar Pradesh administration while police registered a case against BJP MP Sakshi Maharaj for his speech in which he allegedly blamed the Muslims for India's population boom.

BJP MP Sakshi Maharaj Blames Muslims For Population Rise, FIR Lodged