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

Indian Supreme Court Confirms Death For ‘Brutal' Nirbhaya Rapists

Indian Supreme Court Confirms Death For ‘Brutal' Nirbhaya Rapists
"If ever a case called for hanging, this was it," said a bench of Justice Dipak Misra, Justice Ashok Bhushan and Justice R. Banumathi

Indian Supreme Court Confirms Death For ‘Brutal' Nirbhaya Rapists

Watch: Women IPS Officers Come Out Against 'Demeaning' Film Dialogues, Song Lyrics

Watch: Women IPS Officers Come Out Against 'Demeaning' Film Dialogues, Song Lyrics
Three women IPS officers from Tamil Nadu have voiced concern over portrayal of women in a demeaning manner in movies and said this was a major factor in rising crimes against the fairer sex.

Watch: Women IPS Officers Come Out Against 'Demeaning' Film Dialogues, Song Lyrics

Australia To Help Punjab In Fighting Cancer

Australia To Help Punjab In Fighting Cancer
Australia has agreed to provide its expertise to help the Amarinder Singh government's efforts to eradicate cancer by identifying the root cause of the disease in southern Punjab.

Australia To Help Punjab In Fighting Cancer

Delhi High Court Seeks CBI Reply On 1984 Anti-Sikh Riots Case Convict's Bail

Delhi High Court Seeks CBI Reply On 1984 Anti-Sikh Riots Case Convict's Bail
The Delhi High Court on Thursday sought the CBI's response on a bail plea of a convict serving life term in a 1984 anti-Sikh riots case.

Delhi High Court Seeks CBI Reply On 1984 Anti-Sikh Riots Case Convict's Bail

Delhi Taxi Driver Returns Lost Bag With Cash, Iphone, Jewellery Worth Rs 8 Lakh

Delhi Taxi Driver Returns Lost Bag With Cash, Iphone, Jewellery Worth Rs 8 Lakh
A 24-year-old taxi driver returned a bag containing valuables and cash worth Rs. eight lakh to the police after a passenger accidentally left it in his vehicle.

Delhi Taxi Driver Returns Lost Bag With Cash, Iphone, Jewellery Worth Rs 8 Lakh

Indore Is India's Cleanest City; Chandigarh Placed At No. 11 In Swachh Survey

Indore Is India's Cleanest City; Chandigarh Placed At No. 11 In Swachh Survey
Indore in Madhya Pradesh is India’s cleanest city while Gonda in Uttar Pradesh is the dirtiest, according to the ‘Swachh Survekshan-2017’, announced by the government here on Thursday.

Indore Is India's Cleanest City; Chandigarh Placed At No. 11 In Swachh Survey