Close X
Wednesday, November 27, 2024
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

Tourism In Kashmir Collapses, As Stone-Pelting Images Dominate TV

Tourism In Kashmir Collapses, As Stone-Pelting Images Dominate TV
This summer, the lake and its shores are empty of tourists and the smartly-dressed boatman is upset. "Look at our empty boats," said Bhat, 31. "We have nobody to take a ride."

Tourism In Kashmir Collapses, As Stone-Pelting Images Dominate TV

Srinagar: Mob Strips DSP Mohammad Ayub Pandit Stones Him To Death Outside Mosque

Srinagar: Mob Strips DSP Mohammad Ayub Pandit Stones Him To Death Outside Mosque
A mob stripped and lynched a senior police officer in the grand mosque of Srinagar, triggering widespread outrage. Hundreds attended the funeral of 57-year-old Deputy Superintendent of Police Muhammad Ayub Pandit even as two persons were arrested.

Srinagar: Mob Strips DSP Mohammad Ayub Pandit Stones Him To Death Outside Mosque

Telangana Marketing Executive Shares Wife's Private Pics On Video Chat, Arrested

Telangana Marketing Executive Shares Wife's Private Pics On Video Chat, Arrested
The officer said the woman suspected that something was amiss and forcibly took possession of her husband's handset around four days back.

Telangana Marketing Executive Shares Wife's Private Pics On Video Chat, Arrested

Swachh Bharat: Uttarakhand, Haryana Become Open Defecation Free States

Swachh Bharat: Uttarakhand, Haryana Become Open Defecation Free States
The two states on Thursday joined the league of Sikkim, Himachal Pradesh and Kerala, which were the first three states to be declared ODF.   

Swachh Bharat: Uttarakhand, Haryana Become Open Defecation Free States

Scheme For NRI Scientists To Work In Indian Institutes Started

Scheme For NRI Scientists To Work In Indian Institutes Started
In a bid to reverse “brain-drain”, the government on Thursday launched a scheme under which non-resident Indian scientists will be able to work in the country’s institutions for a period of one to three months. 

Scheme For NRI Scientists To Work In Indian Institutes Started

Punjab Assembly Ruckus: Turbans Tossed, AAP MLAs Thrown Out Of House, Injured Rushed To Hospital

Punjab Assembly Ruckus: Turbans Tossed, AAP MLAs Thrown Out Of House, Injured Rushed To Hospital
AAP MLA Manjeet Singh Bilaspur from Nihal Singhwala constituency fell unconscious and had to be rushed to a hospital along with other injured MLAs. Akali Dal MLAs came out in support of their colleagues in the Opposition.

Punjab Assembly Ruckus: Turbans Tossed, AAP MLAs Thrown Out Of House, Injured Rushed To Hospital

PrevNext