Have you read these stories?

The secretive company that might end privacy as we know it

Until now, tech that identifies everyone based on faces has been taboo because of its erosion of privacy.

electronic toll collection

Jan 20, 2020, 06.27 AM IST

SEARCHED FOR:

ELECTRONIC TOLL COLLECTION

NHAI records highest daily toll collection at Rs 86.2 crore: Chairman

The highest daily toll collection via electronic system of FASTags has also been recorded at Rs 50 crore (single day collection) in January 2020 as compared to Rs 23 crore in November 2019.

Make decisions faster, get rid of non-performers, Gadkari tells officials

“Our goal is to make good quality roads in the least time possible ...

Now, cash recharge option for FASTags

The government will roll out the option of cash recharge for FASTags to accelerate its adoption.

ET Prime Distribution
  • About 6.4 crore transactions FASTag transactions worth Rs.1256 crore was processed in December as against 3.4 crore transactions worth Rs.774 crore in November, the latest National Payments Corporation of India (NPCI) data released on Wednesday showed. A total of three crore 3.1 crore transactions worth Rs.703 crore in October was processed.

    "Over 1.15 crore FASTags have already been issued, with more than one lakh being issued every day," the Ministry of Road Transport & Highways said. The daily transactional value has crossed Rs 52 crore with the number of FASTag payments surpassing 30 lakh. A FASTag provides smooth journey to commuters through toll plazas on national highways.

    The NHAI started electronic toll collection through RFID-based FASTags on its 523 toll plazas across the country from December 15 for seamless flow of traffic. FASTag is a prepaid tag, affixed on vehicle's windscreen, that enables automatic deduction of toll charges and lets the vehicle pass through the toll plaza without stopping for cash transaction.

    "All 523 Toll Plazas of NHAI have been fully equipped with the required ETC infrastructure," the National Highways Authority of India (NHAI) said. It said as many vehicles are still without FASTag, up to 25% lanes have been kept as hybrid lanes for cash as well as digital transaction. Each toll plaza is being supervised by a nodal officer of NHAI.

    Any BHIM UPI-enabled mobile app would now give vehicle owners the opportunity to recharge their FASTags on the go and avoid queues at toll plazas, NCPI said in a release.

    Since December 15, while all toll lanes have been converted to FASTag lanes, NHAI has allowed a leeway for commuters to accept toll through cash and FASTags in around 25% of lanes at every toll plaza. This was done as per a directive from the transport ministry to ease the transition phase.

    This was informed in a review meeting held via Video Conferencing of all DETC’s (ST) of Haryana under the Chairmanship of Excise and Taxation Commissioner, Dr. Amit Kumar Agrawal today. It was informed that the return compliance of the State has also shown marked improvement in the month of November, 2019.

    The government earlier had announced rollout of mandatory FASTag under electronic toll collection from December 1, which was later extended to December 15, 2019.

    Govt has temporarily relaxed an earlier mandate for 100% electronic toll collection on National highways.

    Foreign pension funds and private equity funds were showing more interest in India’s highway road assets within the infrastructure space given the policy issues involved with various states in other infrastructure asset classes, Asheesh Sharma, member (finance), the National Highways Authority of India (NHAI) said.

    The government wants to give additional time for vehicle owners to switch to FASTags, senior officials aware of the development told ET. . Vehicles without FASTags entering the ETC lane will have to incur twice the toll fee December 15 onwards, NHAI said.

    Truck owners can order FASTags on BlackBuck's Boss App, a digital services platform exclusively for truck fleet owners, and it will be delivered at their doorstep free of cost until December 31, 2019, the company said in a statement.

Load More...
x

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service