Close X
Monday, December 2, 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

Watch: India's Heaviest Rocket GSLV Mark-III Successfully Puts GSAT-19 Satellite Into Orbit

Watch: India's Heaviest Rocket GSLV Mark-III Successfully Puts GSAT-19 Satellite Into Orbit
India on Monday evening scripted history as it successfully launched its heaviest rocket Geosynchronous Satellite Launch Vehicle Mark-III (GSLV Mk-III) carrying communication satellite GSAT-19.

Watch: India's Heaviest Rocket GSLV Mark-III Successfully Puts GSAT-19 Satellite Into Orbit

Patiala Bomb Making Incident:After Techie Son Rajatvir Singh’s Suicide, Mother Commits Suicide Too

Patiala Bomb Making Incident:After Techie Son Rajatvir Singh’s Suicide, Mother Commits Suicide Too
In his room there were pictures of goddess Lakshmi and Sikh Gurus too. Their family members also do not have any doubtful history or past links with the radicals

Patiala Bomb Making Incident:After Techie Son Rajatvir Singh’s Suicide, Mother Commits Suicide Too

Bihar Topper Ganesh Kumar, Now Arrested For Fraud, Is 42, Has Two Kids, Says Board

Bihar Topper Ganesh Kumar, Now Arrested For Fraud, Is 42, Has Two Kids, Says Board
While talking to the media here Kumar said, "I have full faith in the judicial system. If I have done anything wrong I will be punished and if I am clean then I will steer clear."

Bihar Topper Ganesh Kumar, Now Arrested For Fraud, Is 42, Has Two Kids, Says Board

BJP Asks Amarinder To Act Responsibly, Cong Assures No Folly From State Chief's Side

Retorting to the reports of a Delhi court asking Punjab chief minister Amarinder Singh to vacate his Janpath Road bungalow, the Bharatiya Janata Party (BJP) on Saturday dubbed the state chief as irresponsible.

BJP Asks Amarinder To Act Responsibly, Cong Assures No Folly From State Chief's Side

End Of Saudi Ordeal: Parents Of Saira Banu Thank Sushma Swaraj

End Of Saudi Ordeal: Parents Of Saira Banu Thank Sushma Swaraj
The tears of joy of Saira Banu's mother said it all as the 23-year-old woman from Shah Ali Banda, who was allegedly sold to a sheik in Saudi Arabia, will be returning today.

End Of Saudi Ordeal: Parents Of Saira Banu Thank Sushma Swaraj

Mumbai: Man Arrested For Raping Mentally Challenged Daughter

Mumbai: Man Arrested For Raping Mentally Challenged Daughter
The Mumbai Police on Friday arrested a man under the Protection of Children from Sexual Offenses (POCSO) Act for raping his mentally challenged daughter.

Mumbai: Man Arrested For Raping Mentally Challenged Daughter