Wednesday, December 31, 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

Robbers Loot Rs. 25 Lakh In Cash From Delivery Company Office In Delhi

Robbers Loot Rs. 25 Lakh In Cash From Delivery Company Office In Delhi
A group of six masked men barged into the office of a private goods delivery company in east Delhi's Patparganj area and decamped with Rs. 25 lakh in cash, police said on Sunday.

Robbers Loot Rs. 25 Lakh In Cash From Delivery Company Office In Delhi

Punjab Assembly Session Begins, Badals Absent

Punjab Assembly Session Begins, Badals Absent
Protem Speaker Rana K.P. Singh said that 115 of the 117 legislators took oath on Friday.

Punjab Assembly Session Begins, Badals Absent

Sushma Swaraj Exposes Concocted Story Of 'Kidnapped' Indian In Serbia

Sushma Swaraj Exposes Concocted Story Of 'Kidnapped' Indian In Serbia
External Affairs Minister Sushma Swaraj on Thursday exposed a concocted story of an Indian "kidnapped" in the central European nation of Serbia, saying it was a stage-managed act.

Sushma Swaraj Exposes Concocted Story Of 'Kidnapped' Indian In Serbia

Indra Nooyi, Fareed Zakaria Among Ellis Island Honor Recipients

PepsiCo CEO Indra Nooyi and well-known journalist-author Fareed Zakaria are among six Indian-Americans named for this years Ellis Island Medals of Honor for accomplishments in their respective fields.

Indra Nooyi, Fareed Zakaria Among Ellis Island Honor Recipients

Officials remove 'Aam Aadmi' words from Delhi government schemes, cover Kejriwal's photos too

Ahead of the April 23 municipal elections in the national capital, the Delhi Election Commission directed that the government in the capital remove the words "Aam" from all forms of display of its schemes. 

Officials remove 'Aam Aadmi' words from Delhi government schemes, cover Kejriwal's photos too

Yogi's Surprise Guests: Mulayam's Daughter-in-Law, BSP Leader

Aparna Yadav, who unsuccessfully contested the Assembly election from the Lucknow Cantt seat, is Mulayam's younger daughter-in-law.

Yogi's Surprise Guests: Mulayam's Daughter-in-Law, BSP Leader