Monday, June 15, 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

Family Of Slain Indian Engineer Srinivas Kuchibhotla Blames Donald Trump's Policies

Family Of Slain Indian Engineer Srinivas Kuchibhotla Blames Donald Trump's Policies
Kansas shooting: An aviation engineer at Olathe-based technology company Garmin, Kuchibhotla had moved to US in 2005.

Family Of Slain Indian Engineer Srinivas Kuchibhotla Blames Donald Trump's Policies

Policeman 'Hurt' By Shobhaa De's Tweet Shares His Side Of The Story

Policeman 'Hurt' By Shobhaa De's Tweet Shares His Side Of The Story
I am hurt with Shobhaa De's tweet poking fun at me. I have put on weight due to hormonal disorder following my gall bladder operation in 1993

Policeman 'Hurt' By Shobhaa De's Tweet Shares His Side Of The Story

AAP Won't Let Punjab River Waters Flow To Haryana: Bhagwant Mann

AAP Won't Let Punjab River Waters Flow To Haryana: Bhagwant Mann
The AAP today said it will not let the Punjab river waters flow to Haryana and accused the Akali Dal and INLD of trying to exploit the Sutlej-Yamuna Link canal issue only for political mileage.

AAP Won't Let Punjab River Waters Flow To Haryana: Bhagwant Mann

Former Delhi BJP Legislator Vijay Jolly Denies Rape Charge

Former Delhi BJP Legislator Vijay Jolly Denies Rape Charge
Former Delhi BJP legislator Vijay Jolly has been charged with rape after a woman alleged that he drugged and assaulted her, police said today. 

Former Delhi BJP Legislator Vijay Jolly Denies Rape Charge

Building Sutlej Yamuna Link Canal Can 'Trigger Militancy' In Punjab: Amarinder Singh

Building Sutlej Yamuna Link Canal Can 'Trigger Militancy' In Punjab: Amarinder Singh
Punjab Congress chief Amarinder Singh today warned of "resurgence of militancy in Punjab", if the Sutlej Yamuna link canal is built without factoring in the realities of old "Naxalite and Khalistani belt" of the state's southern part.

Building Sutlej Yamuna Link Canal Can 'Trigger Militancy' In Punjab: Amarinder Singh

Naturally Gravitated Towards Grammy-Winning White Sun's Music: Tabla Ace Abhiman Kaushal

Naturally Gravitated Towards Grammy-Winning White Sun's Music: Tabla Ace Abhiman Kaushal
Tabla player Abhiman Kaushal, who features in the Grammy Award winning eponymous album by Los Angeles-based band White Sun, says he "naturally gravitated" towards their music -- interpretations of yogic mantras.

Naturally Gravitated Towards Grammy-Winning White Sun's Music: Tabla Ace Abhiman Kaushal