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

91 Per Cent Pickpockets Caught In Delhi Metro Are Women, Say Security Officials

91 Per Cent Pickpockets Caught In Delhi Metro Are Women, Say Security Officials
Of the 479 people caught pickpocketing in the Delhi metro this year, 438 or 91 per cent are women, the Central Industrial Security Force, tasked with providing armed security to metro operations, said today. Last year, the percentage was 93.

91 Per Cent Pickpockets Caught In Delhi Metro Are Women, Say Security Officials

Victims Can't State Facts Like A Parrot, Delhi Court Says In Molestation Case

The men were accused of entering the married woman's house when she was alone and assaulting and abusing her.

Victims Can't State Facts Like A Parrot, Delhi Court Says In Molestation Case

'Panj Pyaras' Take Out March Against Drugs, Slam Sukhbir

'Panj Pyaras' Take Out March Against Drugs, Slam Sukhbir
Say they won’t talk to SGPC till all Takht Jathedars are sacked

'Panj Pyaras' Take Out March Against Drugs, Slam Sukhbir

Indian Cricketer Mohammed Shami Posts Photo On Facebook, Trolled Over Wife's Outfit

Indian Cricketer Mohammed Shami Posts Photo On Facebook, Trolled Over Wife's Outfit
Mohammed Shami posted a photo recently that shows him with his wife, Hasin Jahan, who is seen wearing a sleeveless gown.

Indian Cricketer Mohammed Shami Posts Photo On Facebook, Trolled Over Wife's Outfit

UK Has 31 Articles, Not 4, Of Shaheed Udham Singh, Reveals RTI

UK Has 31 Articles, Not 4, Of Shaheed Udham Singh, Reveals RTI
No effort by state govt to claim martyr’s belongings since 2004

UK Has 31 Articles, Not 4, Of Shaheed Udham Singh, Reveals RTI

Haryana Connects 100 Villages With Wi-Fi Services

Haryana Connects 100 Villages With Wi-Fi Services
This was announced by Chief Minister Manohar Lal Khattar while launching 53 new IT services pertaining to six departments on "Good Governance Day".

Haryana Connects 100 Villages With Wi-Fi Services