Thursday, June 18, 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

Hours After Taking Away Baby Boy, Couple Returns Him In delhi

Hours After Taking Away Baby Boy, Couple Returns Him In delhi
A 12-day-old baby boy was "taken away" from Babu Jagjivan Ram Hospital in northwest Delhi on Friday and was brought back by a couple within six hours after police teams started searching for the missing infant.

Hours After Taking Away Baby Boy, Couple Returns Him In delhi

Daughters Carry Bier Of Father On Their Shoulders In Varanasi

Daughters Carry Bier Of Father On Their Shoulders In Varanasi
Breaking the age old tradition wherein only men performed the last rites, four sisters in Varanasi have set an example by carrying the bier of their father on their shoulders

Daughters Carry Bier Of Father On Their Shoulders In Varanasi

Married Woman Allegedly Raped By Ashram Head In Vrindavan

Married Woman Allegedly Raped By Ashram Head In Vrindavan
The incident took place on July 28 when the woman along with her husband had visited Vipin Maharaj Guru's Raas Behari Trust Charitable Ashram in Vrindavan, they said.

Married Woman Allegedly Raped By Ashram Head In Vrindavan

After UK's Visa Crackdown, Indian IT Industry Calls For Fresh Pact On Worker Mobility

After UK's Visa Crackdown, Indian IT Industry Calls For Fresh Pact On Worker Mobility
Dismayed at UK's proposed changes in visa system that will impact skilled IT migration, software body Nasscom called for a high skilled worker mobility pact between the two countries to safeguard the economic interests of both nations.

After UK's Visa Crackdown, Indian IT Industry Calls For Fresh Pact On Worker Mobility

India Is My Home, Says Bangladeshi Writer Tasleema Nasreen

India Is My Home, Says Bangladeshi Writer Tasleema Nasreen
Noted Bangladeshi writer Tasleema Nasreen today said India is her home and she has no alternative but to live in exile for rest of her life.

India Is My Home, Says Bangladeshi Writer Tasleema Nasreen

Aftre NDTV India, Indian Government Asks Assam News Channel To Go Off Air For A Day

Aftre NDTV India, Indian Government Asks Assam News Channel To Go Off Air For A Day
After NDTV, the central government has ordered an Assam-based news channel - News Time Assam - to go off air for a day on November 9 for violating programming norms.

Aftre NDTV India, Indian Government Asks Assam News Channel To Go Off Air For A Day