Tuesday, December 23, 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

Ramdev's Patanjali Enters Restaurant Business With Postik

Ramdev's Patanjali Enters Restaurant Business With Postik
The Company Recently Started A 100 Per Cent Vegetarian Postik Restaurant In Chandigarh

Ramdev's Patanjali Enters Restaurant Business With Postik

Not Just Harjit Sajjan Other Sikh Ministers And MPs In Canada Pro-Khalistan: Capt Amarinder Singh

Not Just Harjit Sajjan Other Sikh Ministers And MPs In Canada Pro-Khalistan: Capt Amarinder Singh
Amarinder Singh said not only Sajjan but Canada’s other Sikh ministers and MPs — including Navdeep Bains, Amarjit Sohi, Sukh Dhaliwal, Darshan Kang, Raj Grewal, Harinder Malhi, Ruby Sahota and Randeep Sarai — were known for their pro-Khalistan leanings

Not Just Harjit Sajjan Other Sikh Ministers And MPs In Canada Pro-Khalistan: Capt Amarinder Singh

Punjab Govt Rejects Zora Panel Report On Sacrilege Cases; Orders New Probe

Punjab Govt Rejects Zora Panel Report On Sacrilege Cases; Orders New Probe
Rejecting as “inconclusive” the report of the Zora Singh Commission, the Punjab Government on Friday constituted a fresh Commission of Inquiry, headed by Justice (retd) Ranjit Singh, to investigate all cases of sacrilege in the state.

Punjab Govt Rejects Zora Panel Report On Sacrilege Cases; Orders New Probe

Navjot Sidhu Wants Youth To Learn Punjab's Culture, History

To raise awareness among the Punjabi youth on the state’s heritage, history and culture, Punjab minister Navjot Singh Sidhu intends to introduce a compulsory subject on culture in schools and colleges.

Navjot Sidhu Wants Youth To Learn Punjab's Culture, History

Five Held For Assaulting CRPF Men; New Videos Spark Fresh Row In Valley

Five Held For Assaulting CRPF Men; New Videos Spark Fresh Row In Valley
Five persons were arrested on Friday in connection with the assault on CRPF men during bypoll to the Srinagar parliamentary seat on April 9, while two more disturbing videos went viral, sparking a fresh row in the restive Kashmir Valley.

Five Held For Assaulting CRPF Men; New Videos Spark Fresh Row In Valley

'Disgusting': Judge Slams Trial Court For Not Believing Raped 4-Year-Old

'Disgusting': Judge Slams Trial Court For Not Believing Raped 4-Year-Old
  The court also came down heavily on the trial court for not believing that the child was raped merely because the then four-year-old girl did not disclose that she had been sexually assaulted.

'Disgusting': Judge Slams Trial Court For Not Believing Raped 4-Year-Old