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

India Emerges 12th Largest Holder Of US Government Securities In 2016

India Emerges 12th Largest Holder Of US Government Securities In 2016
As per the data, India was the 12th largest holder of these securities. After Japan and China, Ireland was at the third place with holdings worth $288.2 billion.

India Emerges 12th Largest Holder Of US Government Securities In 2016

Not Yet Disappointed With PM Modi: Yoga Guru Ramdev

Not Yet Disappointed With PM Modi: Yoga Guru Ramdev
Yoga guru Ramdev on Monday said he was not yet disillusioned with Prime Minister Narendra Modi as he has two more years to work on the issues he had promised to resolve during the 2014 Lok Sabha elections.

Not Yet Disappointed With PM Modi: Yoga Guru Ramdev

Isha Foundation To Erect 112 Feet Shiva Idols In India

Isha Foundation To Erect 112 Feet Shiva Idols In India
The Isha Foundation plans to have 112-foot tall faces of Hindu God Shiva or `Adiyogi' in the other three regions of the country - east, north and west - while the first one has been set up in Coimbatore, said Foundation founder Sadhguru Jaggi Vasudev.

Isha Foundation To Erect 112 Feet Shiva Idols In India

Watch: Punjab Gangster Babli Randhawa Sings 'Poore Hosh Vich Maare Fire Jatt Ne' After Killing Man

Watch: Punjab Gangster Babli Randhawa Sings 'Poore Hosh Vich Maare Fire Jatt Ne' After Killing Man
25-year-old financier was shot dead in the main market of Longowal, Sangrur, on Thursday morning by a group of five gangsters led by Davinder Singh, alias Babli Randhawa, who was released on bail from jail recently in a different case.

Watch: Punjab Gangster Babli Randhawa Sings 'Poore Hosh Vich Maare Fire Jatt Ne' After Killing Man

CBI Arrests Punjab Joint Director, Technical Education, For Graft

CBI Arrests Punjab Joint Director, Technical Education, For Graft
The Central Bureau of Investigation has arrested a joint director of Technical Education and Industrial Training, Punjab, for accepting a bribe of Rs 50,000.

CBI Arrests Punjab Joint Director, Technical Education, For Graft

Help! Animal Activist Tweets To Sushma Swaraj, Mumbai Police About Man Sending Porn Clips

Help! Animal Activist Tweets To Sushma Swaraj, Mumbai Police About Man Sending Porn Clips
The woman, who is an animal activist, started tweeting to Mumbai police around 11pm on Thursday, about a person who was harassing her.

Help! Animal Activist Tweets To Sushma Swaraj, Mumbai Police About Man Sending Porn Clips