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

No Delays After Brief Baggage Problem At Vancouver International Airport

No Delays After Brief Baggage Problem At Vancouver International Airport
RICHMOND, B.C. — Vancouver International Airport says baggage for flights bound to the United States is moving again after an earlier disruption.

No Delays After Brief Baggage Problem At Vancouver International Airport

Alix Tichelman: Prostitute Who Gave Google Exec Fatal Drug Shot Is To Be Deported To Canada

Alix Tichelman: Prostitute Who Gave Google Exec Fatal Drug Shot Is To Be Deported To Canada
Immigration agents arrested her after she finished her jail sentence on March 29, but Schwab couldn't provide any details on when the deporation was to take place or where in Canada she would be taken to.

Alix Tichelman: Prostitute Who Gave Google Exec Fatal Drug Shot Is To Be Deported To Canada

A Primer On Some Of The Main Issues In The B.C. Election

A Primer On Some Of The Main Issues In The B.C. Election
Voters in British Columbia elect a new government on May 9. Here's a look at some of the major issues:

A Primer On Some Of The Main Issues In The B.C. Election

SAD Demands MEA Takes Back Words After Ontario Motion On 1984 Riots

SAD Demands MEA Takes Back Words After Ontario Motion On 1984 Riots
Akali Dal leader Naresh Gujral on Monday raised the matter pertaining to the 1984 anti-Sikh riots in the Rajya Sabha.

SAD Demands MEA Takes Back Words After Ontario Motion On 1984 Riots

Capt Amarinder Welcomes PM Modi's Intervention In SYL Canal Issue

Capt Amarinder Welcomes PM Modi's Intervention In SYL Canal Issue
Capt Amarinder Singh has welcomed the Prime Minister’s reported decision to hold a meeting of Punjab and Haryana on April 20 to resolve the contentious SYL Canal issue.

Capt Amarinder Welcomes PM Modi's Intervention In SYL Canal Issue

Metro Ride For PM Modi, Australian Premier (With Selfie); Then, A Temple

Metro Ride For PM Modi, Australian Premier (With Selfie); Then, A Temple
Modi, in his statement, said with the passing of legislation in the Australian Parliament with bipartisan support, Australia is "now ready to export uranium to India". 

Metro Ride For PM Modi, Australian Premier (With Selfie); Then, A Temple