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

Hope With Which I Was Looking At Kejriwal Is Over: Anna Hazare

Hope With Which I Was Looking At Kejriwal Is Over: Anna Hazare
Hazare said that he had expressed his apprehensions at the time of formation of the AAP with regard to the selection of candidates for the party whose main agenda was to fight anti-social elements.

Hope With Which I Was Looking At Kejriwal Is Over: Anna Hazare

I Too Wanted To Expose AAP’s Delhi Leadership Like Sehrawat: Sucha Singh Chhotepur

Chhotepur was also sacked post his allegations against the party of seeking a bribe for election tickets.

I Too Wanted To Expose AAP’s Delhi Leadership Like Sehrawat: Sucha Singh Chhotepur

With A Year To Go, Smriti Irani Tweets 'Thank You' On Rajya Sabha Tenure

With A Year To Go, Smriti Irani Tweets 'Thank You' On Rajya Sabha Tenure
Ms Irani, who was recently shifted from the high-profile Human Resource Development portfolio, said that in the last five years as a lawmaker, she has been "fortunate" to have got immense support from BJP leaders and people across the country.

With A Year To Go, Smriti Irani Tweets 'Thank You' On Rajya Sabha Tenure

Yemen Survivor Sister Mary Sally Meets Sushma

Yemen Survivor Sister Mary Sally Meets Sushma
Missionaries of Charity Sister Mary Sally, who was evacuated out of Yemen earlier this year by the Indian government, met External Affairs Minister Sushma Swaraj here on Sunday.

Yemen Survivor Sister Mary Sally Meets Sushma

Sacrilege Incident: Sikh Holy Book Pages Found Torn In Gurdaspur Gurudwara

Sacrilege Incident: Sikh Holy Book Pages Found Torn In Gurdaspur Gurudwara
A member of the gurudwara's management committee Harjinder Singh alleged that he found four pages of holy book-Guru Granth Sahib-torn when he opened the door of the gurudwara on Saturday morning, they said.

Sacrilege Incident: Sikh Holy Book Pages Found Torn In Gurdaspur Gurudwara

AAP's Bhagwant Mann Booked For Alleged Misbehaviour with Mediapersons

AAP's Bhagwant Mann Booked For Alleged Misbehaviour with Mediapersons
AAP lawmaker Bhagwant Mann was today booked for allegedly misbehaving with mediapersons at a rally in Fatehgarh Sahib.

AAP's Bhagwant Mann Booked For Alleged Misbehaviour with Mediapersons