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

Punjab Polls: Flying Squad Vehicles To Be Fitted With GPS, Cameras

Punjab Polls: Flying Squad Vehicles To Be Fitted With GPS, Cameras
The state election office has decided to fit GPS devices and cameras on vehicles of Flying Squads to check whether they are taking action against parties indulging in electoral malpractices and attending to complaints of violations of Model Code of Conduct during 2017 Punjab polls.

Punjab Polls: Flying Squad Vehicles To Be Fitted With GPS, Cameras

Wife Asks Money For Rent, Delhi Man Tries To Set Her Ablaze: Police

Wife Asks Money For Rent, Delhi Man Tries To Set Her Ablaze: Police
A 50-year-old man allegedly tried to set ablaze his wife after an argument over paying rent in west Delhi's Nihal Vihar area.

Wife Asks Money For Rent, Delhi Man Tries To Set Her Ablaze: Police

Defiant Akhilesh releases own list of 235 candidates for UP polls

In a virtual rebellion against his father and Samajwadi Party (SP) chief Mulayam Singh Yadav, Uttar Pradesh Chief Minister Akhilesh Yadav late on Thursday released his own list of 235 candidates for the 2017 assembly elections.

Defiant Akhilesh releases own list of 235 candidates for UP polls

82-Year-Old Woman 'Comes Back From The Dead' After 40 Years!

82-Year-Old Woman 'Comes Back From The Dead' After 40 Years!
Thought to be dead after being bitten by a black cobra, an unconscious Vilasa was thought to be dead.

82-Year-Old Woman 'Comes Back From The Dead' After 40 Years!

Irfan Pathan Asked On Twitter Not To Name His Son Dawood. He Said This

Irfan Pathan Asked On Twitter Not To Name His Son Dawood. He Said This
The left-arm swing bowler, who has named his son Imran Khan Pathan, was not pleased at the suggestion and retorted that, irrespective of what his son's name is, he would make the nation proud, like his father and uncle

Irfan Pathan Asked On Twitter Not To Name His Son Dawood. He Said This

Swati Maliwal Thanks Sushma Swaraj For Helping In Bringing Body Of Indian From Japan

Swati Maliwal Thanks Sushma Swaraj For Helping In Bringing Body Of Indian From Japan
DCW Chief Swati Maliwal today thanked External Affairs Minister Sushma Swaraj after mortal remains of a man who died in Japan recently arrived in India.

Swati Maliwal Thanks Sushma Swaraj For Helping In Bringing Body Of Indian From Japan