Saturday, December 20, 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

No Threats Issued To Capt Amarinder By Canadian Sikhs, Claims Sikhs For Justice

No Threats Issued To Capt Amarinder By Canadian Sikhs, Claims Sikhs For Justice
SJF says Canadian Sikhs had a constitutionally protected right to express any political opinion, no matter how discomforting it might be for the Indian Government, including propagating for Sikh homeland Khalistan. 

No Threats Issued To Capt Amarinder By Canadian Sikhs, Claims Sikhs For Justice

WATCH: Denied Ambulance, Indian Labourer Carries 15-year-old Son's Body On Shoulder In Etawah

WATCH: Denied Ambulance, Indian Labourer Carries 15-year-old Son's Body On Shoulder In Etawah
He also alleged that the doctors did not offer an ambulance service to take his son's body back.

WATCH: Denied Ambulance, Indian Labourer Carries 15-year-old Son's Body On Shoulder In Etawah

Doctors Treating Eman Ahmed Want Her Sister To Apologise

Doctors Treating Eman Ahmed Want Her Sister To Apologise
32-year-old Selim, in a Facebook video, had accuses the hospital of lying for publicity. "Everything was a lie. God forgive them for what they have done... Eman did not lose 240 kg or 260 kg," Shimaa says, speaking softly in the video.

Doctors Treating Eman Ahmed Want Her Sister To Apologise

Jharkhand Farmer Kills 3-Year Old Daughter For 'Being A Girl'

Jharkhand Farmer Kills 3-Year Old Daughter For 'Being A Girl'
Shankar Ray, a farmer by profession, decided to kill the child after learning that his wife was expecting again. He feared that she would give birth to a girl again.

Jharkhand Farmer Kills 3-Year Old Daughter For 'Being A Girl'

Man, Son Shot Dead As Cong, Shiromani Akali Dal Workers Clash In Ferozepur Village

Man, Son Shot Dead As Cong, Shiromani Akali Dal Workers Clash In Ferozepur Village
Two SAD workers were shot dead, allegedly by Congress supporters, over an issue related to post of sarpanch at Rukan Shah Wala village, 20 km from here, on Tuesday morning.

Man, Son Shot Dead As Cong, Shiromani Akali Dal Workers Clash In Ferozepur Village

Poonch Martyrs Laid To Rest With Full Military Honour, Families Want Tough Action

Poonch Martyrs Laid To Rest With Full Military Honour, Families Want Tough Action
Govt job for next of kin, free education for children of Naib Subedar Paramjit Singh

Poonch Martyrs Laid To Rest With Full Military Honour, Families Want Tough Action