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

India Need To Ensure Un Hauls Pakistan For Flagrant Violation Of International Rule: Shashi Tharoor

Asserting that Pakistan has violated every international rule by sentencing Jadhav, Tharoor called on the Centre to draw the attention of the international community, particularly the UN, in hauling Pakistan.

India Need To Ensure Un Hauls Pakistan For Flagrant Violation Of International Rule: Shashi Tharoor

Horror On Wheels: Woman Jumps Off Car To Escape Rape Bid By Friend In Mohali

Horror On Wheels: Woman Jumps Off Car To Escape Rape Bid By Friend In Mohali
The incident occurred late last night at Phase VIII, Industrial Area, in which the Himachal-based victim, employed in a local industry, had to jump off the moving car of her friend to save her modesty. 

Horror On Wheels: Woman Jumps Off Car To Escape Rape Bid By Friend In Mohali

Hours After Burning Of Birs At Muktsar Village, 4 Top Police Officers Shifted, Probe Ordered

Hours After Burning Of Birs At Muktsar Village, 4 Top Police Officers Shifted, Probe Ordered
Three of these officers had got fresh postings just two weeks ago. Sources said the CM wanted to make it clear that even the top brass would face the music if such incidents kept recurring.

Hours After Burning Of Birs At Muktsar Village, 4 Top Police Officers Shifted, Probe Ordered

Panjab, Birmingham Varsities Come Together To Improve Quality Of Life

Panjab, Birmingham Varsities Come Together To Improve Quality Of Life
Experts from Chandigarhs Panjab University (PU) and the University of Birmingham have kick-started an initiative to improve the quality of life in the two cities -- and the wider world.

Panjab, Birmingham Varsities Come Together To Improve Quality Of Life

Upset Over Visa Delay, Lilly Singh AKA Superwoman Tweets To PM Modi & Sushma Swaraj For Help

Upset Over Visa Delay, Lilly Singh AKA Superwoman Tweets To PM Modi & Sushma Swaraj For Help
The internet sensation took her grievances to Twitter seeking help from PM Narendar Modi and Swashma Swaraj in the same regard.

Upset Over Visa Delay, Lilly Singh AKA Superwoman Tweets To PM Modi & Sushma Swaraj For Help

Panjab University Students Oppose Fee Hike, Clash With Police

Panjab University Students Oppose Fee Hike, Clash With Police
Tension prevailed on the Panjab University campus on Tuesday as students, protesting the fee hike for various courses, clashed with the police.

Panjab University Students Oppose Fee Hike, Clash With Police