Friday, May 17, 2024
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

Rajasthan: Two Men Thrash Mentally Ill Woman, Make Her Say 'Allah, 'Jai Shri Ram'- WATCH

Rajasthan: Two Men Thrash Mentally Ill Woman, Make Her Say 'Allah, 'Jai Shri Ram'- WATCH
In a shocking incident, two men were found to be brutally thashing a mentally-challenged woman by a pipe in Nagpur, Rajasthan on Tuesday. 

Rajasthan: Two Men Thrash Mentally Ill Woman, Make Her Say 'Allah, 'Jai Shri Ram'- WATCH

Convicted, Punjab Cop Gurmeet Singh Pinky Stripped Of Gallantry Medal

Sub-Inspector Gurmeet Singh Pinky was awarded the police medal for gallantry in 1997 on the recommendation of the state government for bravery. 

Convicted, Punjab Cop Gurmeet Singh Pinky Stripped Of Gallantry Medal

Mukerian Soldier Killed As Pakistan Violates Ceasefire In Nowshera Sector Of Rajouri

Mukerian Soldier Killed As Pakistan Violates Ceasefire In Nowshera Sector Of Rajouri
The soldier has been identified as Naik Bakhtawar Singh (34), of Hajipur village in Mukerian, Hoshiarpur district.

Mukerian Soldier Killed As Pakistan Violates Ceasefire In Nowshera Sector Of Rajouri

Australia Announces Online Visa Applications For Indians From July

Australian High Commission and Australian Department of Immigration and Border Protection on Friday announced that all Indian nationals would be able to apply Visitor visa applications for Australia online from July 1.

Australia Announces Online Visa Applications For Indians From July

Woman Raped By Uber Driver In India Sues Firm For Breaching Privacy

Woman Raped By Uber Driver In India Sues Firm For Breaching Privacy
The woman, identified only as Jane Doe in the lawsuit filed in federal court in California, said in the complaint that she was “violated physically” when she was brutally raped in Delhi by her Uber driver in December 2014.

Woman Raped By Uber Driver In India Sues Firm For Breaching Privacy

6 Policemen, Including Sub-Inspector, Killed In Militant Ambush In Kashmir, LeT Being Suspected

6 Policemen, Including Sub-Inspector, Killed In Militant Ambush In Kashmir, LeT Being Suspected
The LeT had earlier uploaded a video on the social networking site warning local policemen to stay away from anti-militancy operations.

6 Policemen, Including Sub-Inspector, Killed In Militant Ambush In Kashmir, LeT Being Suspected