Friday, December 19, 2025
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

Adiyogi Bust Enters Guinness World Records

Adiyogi Bust Enters Guinness World Records
The bust of "Adiyogi," which was unveiled by Prime Minister Narendra Modi on February 24, has now become the worlds largest such as certified by Guinness World Records.

Adiyogi Bust Enters Guinness World Records

NASA, ISRO Team Up To Inspect 'Oldest Civilisation' Site In Haryana

NASA, ISRO Team Up To Inspect 'Oldest Civilisation' Site In Haryana
Archaeologists have recovered artefacts pre-dating the Harappan Civilisation from the site, located in village Kunal in Fatehabad district.

NASA, ISRO Team Up To Inspect 'Oldest Civilisation' Site In Haryana

'Father Of India's Wheat Revolution' Dilbagh Singh Athwal Dies In USA

'Father Of India's Wheat Revolution' Dilbagh Singh Athwal Dies In USA
Often called the 'Father of Wheat Revolution', agriculture scientist Dilbagh Singh Athwal has passed away in the US, a Punjab Agricultural University (PAU) official said on Monday. He was 89.

'Father Of India's Wheat Revolution' Dilbagh Singh Athwal Dies In USA

55-Yr-Old Canadian NRI's Body Found With Hand And Feet Chopped Off In Punjab

55-Yr-Old Canadian NRI's Body Found With Hand And Feet Chopped Off In Punjab
A HIGHLY decomposed body of a missing 55-year-old non-resident Indian (NRI) was found in a nullah at Mauli Baidwan village on Friday

55-Yr-Old Canadian NRI's Body Found With Hand And Feet Chopped Off In Punjab

MP Police Constable Rapes 10-Yr-Old For A Year With Her Mother's Consent

MP Police Constable Rapes 10-Yr-Old For A Year With Her Mother's Consent
The Madhya Pradesh police constable and the child’s mother were arrested for the crime.

MP Police Constable Rapes 10-Yr-Old For A Year With Her Mother's Consent

Indian Woman Asks Islamabad High Court For Security On Journey Back Home

Indian Woman Asks Islamabad High Court For Security On Journey Back Home
The woman has alleged that she was sexually abused after her forced marriage to a Pakistani man at gunpoint.

Indian Woman Asks Islamabad High Court For Security On Journey Back Home