Saturday, June 20, 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

Navjot Singh Sidhu Quits The Kapil Sharma Show!

Navjot Singh Sidhu Quits The Kapil Sharma Show!
  Navjot Singh Sidhu's wife Navjot Kaur confirmed that he will quit The Kapil Sharma Show after September, to completely focus on Punjab politics.

Navjot Singh Sidhu Quits The Kapil Sharma Show!

A Date with the Ocean

A Date with the Ocean
  Together with his team of volunteers, Afroz Shah has cleared more than four million pounds of trash from Versova beach in Western Mumbai.

A Date with the Ocean

Charming Manipuri Transgender Out To Conquer The World

Charming Manipuri Transgender Out To Conquer The World
Meet Bishesh Huirem, 27, who is now all set to take her fame far beyond Manipur and the Manipuri-speaking areas of neighbouring Assam, Bangladesh and Myanmar 

Charming Manipuri Transgender Out To Conquer The World

65-Year-Old Neighbour Arrested For Molesting 90-Year-Old Widow In Kerala's Kollam

65-Year-Old Neighbour Arrested For Molesting 90-Year-Old Widow In Kerala's Kollam
On Wednesday morning the widow living alone in her house at Kadakkal near here told a TV channel that a man entered her house a few days back in the middle of the night with a knife

65-Year-Old Neighbour Arrested For Molesting 90-Year-Old Widow In Kerala's Kollam

Sisters, 1 And 3, Get Locked Inside Delhi Banquet Hall, One Dies

Sisters, 1 And 3, Get Locked Inside Delhi Banquet Hall, One Dies
A one-year-old girl died after getting locked inside a banquet hall while playing in west Delhi's Nihal Vihar area, police said on Monday.

Sisters, 1 And 3, Get Locked Inside Delhi Banquet Hall, One Dies

AAP Women MLAs To Meet Rajnath, Jung Over Crimes Against Women

AAP Women MLAs To Meet Rajnath, Jung Over Crimes Against Women
  Addressing a press conference here, AAP's legislator from Palam constituency Bhavna Gaur said women were not feeling safe while stepping out of their houses in Delhi.   

AAP Women MLAs To Meet Rajnath, Jung Over Crimes Against Women