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

Hindutva Icon Yogi Adityanath Is New Uttar Pradesh CM

Hindutva Icon Yogi Adityanath Is New Uttar Pradesh CM
In a surprise move, the BJP on Saturday chose firebrand Hindutva leader Yogi Adityanath as the new Uttar Pradesh Chief Minister with two deputies -- a first in the state -- in Keshav Prasad Maurya and Dinesh Sharma.

Hindutva Icon Yogi Adityanath Is New Uttar Pradesh CM

AAP Cannot Win Poll After Poll: Arvinds Kejriwal Tells Party Volunteers

AAP Cannot Win Poll After Poll: Arvinds Kejriwal Tells Party Volunteers
Kejriwal, who had alleged tampering of EVMs in Punjab, said he is pursuing the matter and will uncover the "fraud" as soon as he gets something concrete.

AAP Cannot Win Poll After Poll: Arvinds Kejriwal Tells Party Volunteers

A Soldier In Capt's Army: Navjot Singh Sidhu On First Day In Office

A Soldier In Capt's Army: Navjot Singh Sidhu On First Day In Office
Navjot Singh Sidhu today assumed the office of the Minister for Local Bodies, putting the controversy over the post of Deputy Chief Minister to rest.

A Soldier In Capt's Army: Navjot Singh Sidhu On First Day In Office

Varinder Singh Sandhu Murder: Raids On In Punjab To Arrest The Remaining Accused

Varinder Singh Sandhu Murder: Raids On In Punjab To Arrest The Remaining Accused
Teams of the Panchkula police today raided several places in Punjab, particularly Mohali, to arrest the remaining accused in the Saketri murder case.

Varinder Singh Sandhu Murder: Raids On In Punjab To Arrest The Remaining Accused

Watch: Patient Unable To Pay Money For Wheelchair Use Child's Tricycle To Reach Doctor's Ward

Watch: Patient Unable To Pay Money For Wheelchair Use Child's Tricycle To Reach Doctor's Ward
The state-run Gandhi Hospital authorities today constituted a committee to probe into the allegations that a patient was denied wheelchair for being unable to pay “bribes.”

Watch: Patient Unable To Pay Money For Wheelchair Use Child's Tricycle To Reach Doctor's Ward

Navjot Singh Sidhu Says If Amarinder Singh Had Asked Him To Serve As An MLA, He Would Have Done So

Navjot Singh Sidhu Says If Amarinder Singh Had Asked Him To Serve As An MLA, He Would Have Done So
A day after being sworn in as minister, Navjot Singh Sidhu today said if the Punjab Chief Minister, Amarinder Singh, had asked him to serve as an MLA, he would have done so.

Navjot Singh Sidhu Says If Amarinder Singh Had Asked Him To Serve As An MLA, He Would Have Done So