Thursday, January 1, 2026
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

Khalistan Commando Force Member Gursewak Singh Caught in Delhi

Khalistan Commando Force Member Gursewak Singh Caught in Delhi
Gursewak was associated with Sikh militant leader Jarnail Singh Bhindranwale, who was killed in Operation Blue Star by the Army in 1984

Khalistan Commando Force Member Gursewak Singh Caught in Delhi

Indian-American Teen Arrested A Year After He Strangled His Mother

Indian-American Teen Arrested A Year After He Strangled His Mother
  Arnav Uppalapati was arrested by Cary police on Friday after more than a year for the death of his 51-year-old mother Nalini Tellaprolu who worked at Duke Medical Center.

Indian-American Teen Arrested A Year After He Strangled His Mother

Sushma Swaraj Helps Indian Woman In Distress In Pakistan

Sushma Swaraj Helps Indian Woman In Distress In Pakistan
Sushma Swaraj tweeted that she received a YouTube message from Mohammad Akbar that his daughter Mohammadia Begum, an Indian national, was married to a person in Pakistan "and was being ill-treated by her in-laws".

Sushma Swaraj Helps Indian Woman In Distress In Pakistan

Punjab AAP Asserts ‘Independence’ From Delhi

Punjab AAP Asserts ‘Independence’ From Delhi
Failure to project CM face, over-enthusiasm did us in, says state convener Ghuggi

Punjab AAP Asserts ‘Independence’ From Delhi

Legal Opinion To Decide Navjot Sidhu's Future On TV: Amarinder Singh

Chief Minister of Punjab Amarinder Singh on Monday said the state government will take legal opinion on whether his minister Navjot Singh Sidhu can continue to work on TV.

Legal Opinion To Decide Navjot Sidhu's Future On TV: Amarinder Singh

Strategic Ties With Us Secondary To Indians' Interests: Sushma Swaraj

External Affairs Minister Sushma Swaraj on Monday said that strategic ties with Washington won't prevent India from raising issues concerning Indians and Indian Diaspora with the US.

Strategic Ties With Us Secondary To Indians' Interests: Sushma Swaraj