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

Irate Congress Legislators Demanding Debate 'Sleep Over' In Punjab Assembly

Irate Congress Legislators Demanding Debate 'Sleep Over' In Punjab Assembly
All the Congress legislators participated in the day-long protest (on Monday) over the Speaker's refusal to allow our members to speak on a no-confidence motion

Irate Congress Legislators Demanding Debate 'Sleep Over' In Punjab Assembly

Two Mini Trucks Collide In Haryana, Seven Killed

Two Mini Trucks Collide In Haryana, Seven Killed
 Seven persons were killed and over 50 injured in a head-on collision between two mini trucks in Haryana, police said on Tuesday.

Two Mini Trucks Collide In Haryana, Seven Killed

22 Missing Keralites Reached Afghanistan In July To Join ISIS

22 Missing Keralites Reached Afghanistan In July To Join ISIS
The 29-year-old Yasmin was arrested at Delhi's Indira Gandhi International Airport while trying to exit India for Afghanistan on August 1. 

22 Missing Keralites Reached Afghanistan In July To Join ISIS

Sri Sri Ravi Shankar To Be Awarded By Jewish Rights Group

Sri Sri Ravi Shankar To Be Awarded By Jewish Rights Group
Spiritual leader Sri Sri Ravi Shankar will be honoured with a humanitarian award by a prominent Jewish human rights organisation for promoting human dignity, interfaith relations and tolerance among people.

Sri Sri Ravi Shankar To Be Awarded By Jewish Rights Group

After Months Of Struggle, Pakistani Hindu Girl To Get Admission In Delhi School

After Months Of Struggle, Pakistani Hindu Girl To Get Admission In Delhi School
According to reports, Madhu had come to India with her mother, siblings, her uncle and cousins two years ago after they fled religious persecution in Pakistan’s Punjab.

After Months Of Struggle, Pakistani Hindu Girl To Get Admission In Delhi School

In A New Initiative, 5 All-Women PCR Vans Launched In Delhi

In A New Initiative, 5 All-Women PCR Vans Launched In Delhi
In a noble initiative, five all-women Police Control Room cruisers took to the New Delhi roads today providing a shot in the arm to the women-safety apparatus in the national capital.

In A New Initiative, 5 All-Women PCR Vans Launched In Delhi