Monday, December 22, 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

WATCH: Groom Dies Of Heart Attack On His Way To Wedding Venue In Indian

WATCH: Groom Dies Of Heart Attack On His Way To Wedding Venue In Indian
The Groom, Who Was Sitting On A Friend’s Shoulders, Collapsed When The Wedding Procession Was Proceeding For The Bride’s Home With The Family Members.

WATCH: Groom Dies Of Heart Attack On His Way To Wedding Venue In Indian

Will Chop Off Your Heads, Hang Them At Lal Chowk, Hizbul Mujahideen Warns Hurriyat Leaders

Will Chop Off Your Heads, Hang Them At Lal Chowk, Hizbul Mujahideen Warns Hurriyat Leaders
Hizbul Mujahideen leader Zakir, alias Musa, has warned Hurriyat leaders that their heads will be chopped off and hung in the Lal Chowk here for interfering in the militant group's "struggle for Islam".

Will Chop Off Your Heads, Hang Them At Lal Chowk, Hizbul Mujahideen Warns Hurriyat Leaders

Air India Flight Overshoots Runway At Pune Airport; All Passengers Safe

As many as 152 passengers on board an Air India aircraft on Friday had a close shave after the plane overshot the runway after landing at the Pune airport.

Air India Flight Overshoots Runway At Pune Airport; All Passengers Safe

Sonia Gandhi Discharged From Hospital

Sonia Gandhi Discharged From Hospital
The 69-year-old Congress supremo had underwent a shoulder surgery in Sir Ganga Ram hospital last year.

Sonia Gandhi Discharged From Hospital

Haryana Shoots Down Punjab's Sutlej-Yamuna Link Dialogue Claim

Haryana Shoots Down Punjab's Sutlej-Yamuna Link Dialogue Claim
The quarrel continued — though in a lighter vain — even towards the end of the zonal conference in which Rajasthan also attempted to pull punches.

Haryana Shoots Down Punjab's Sutlej-Yamuna Link Dialogue Claim

Dead Snake Found In Mid-Day Meal Of Faridabad School

Dead Snake Found In Mid-Day Meal Of Faridabad School
On finding the snakelet, the children were immediately stopped from consuming the meal, but unfortunately some students had already eaten portions of it.

Dead Snake Found In Mid-Day Meal Of Faridabad School