FASTag to resume Toll Collection Charges from 20th April 2020

-


          It is not yet clear if NHAI will start its Toll Collection from 12 AM 20th April 2020 or 6.00AM 20th April 2020.

          This can only be confirmed by the actual highway travelers driving on National Highways between 11pm of 19th April 2020 and 8am of 20th April 2020.

          Interested readers may closely monitor social media sites for keywords #NHAI, #FASTag



          The government had on 25 March announced temporarily suspending toll collection on national highways to ease emergency services in view of the coronavirus outbreak.

          As there will be an only partial lockdown from 20th April 2020, Ministry of Road Transport and Highways in a letter to NHAI advised NHAI to take necessary steps to resume tolling operations w.e.f 20th April 2020.

          NHAI collects toll through two modes i.e Physical Cash and Cashless. Under Cashless, FASTag is the most preferred mode.

“In view of the relaxations provided by the Ministry of Home Affairs for the interstate and intrastate movement of all trucks and other goods/carrier vehicles ...NHAI should take actions necessary for compliance of the orders of Ministry of Home Affairs ... and tolling operations be resumed WEF 20 of April 2020,” the Ministry of Road Transport and Highways said in a letter to NHAI.

Replying to communication from NHAI, the ministry said the authority in letters dated 11 April and 14 April had highlighted reasons for resuming the collection of user fee on national highways, saying that the Ministry of Home Affairs has allowed a lot of activities with effect from 20 April, including commercial and private establishments and construction work.

“It has been further highlighted that user fee collection contributes to the government exchequer and also provides financial strength to NHAI in terms of budgetary support,” the letter mentioned.

The NHAI had rolled out the electronic toll collection programme across India in December on its over 500 toll plazas while doubling toll charges from the vehicles entering FASTag lanes without the tag.

In order to give prime importance to existing FASTag users, dissuade defaulters and further encourage adoption of FASTags by national highway commuters, vehicles without FASTags entering the FASTag lane was being charged double the toll fee.

So, all vehicles owners and drivers be ready with FASTag

Comments

Post a Comment

Popular posts from this blog

CERTIFICATE EXAMINATION IN INTERNATIONAL TRADE FINANCE

-
Image
          This certification is essential for all members of a Bank Trade Finance Department.   The syllabus covers key aspects required by team members to effectively discharge their duties. Trade Finance is one of the traditional forms of bank finance in India. In view of reforms and liberalisation, this has gained a new significance.   Many of the practices in trade finance have evolved over a period of time and some are guided by Ministry of Commerce and Reserve Bank of India, besides WTO and International Chamber of Commerce through UCPDC 600. With the increase in the volume of trade both domestically and internationally, there is a need for trade finance professionals from banks as well as corporates. The Objectives of this IIBF Examination is as under:   (i) To provide candidates with competencies required to function as trade finance practitioners. (ii) To enable candidates to possess the ...
Read more

IIBF-Certificate Examination in Foreign Exchange Facilities for Individuals

-
          The primary objective this IIBF course is to make the branch officials familiar with the FEMA provisions that impact their day to day functioning at the branch level.     This exam is being introduced pursuant to the recommendation of a committee of RBI.           Normally foreign exchange transactions pertaining to individuals are handled at branches only and are not referred to specialised forex cells.           The course covers ‘Foreign Exchange Facilities for individuals under FEMA1999’ RBIs FAQs’ on Forex Facilities for Residents (Individuals) (updated up to November 21, 2014) For full details refer to Reserve Bank of India website: Introduction : The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. Un...
Read more

IIBF introduces Self-Paced E-learning courses (SPeL) for its two certificates

-
Image
          Indian Institute of Banking Finance (IIBF) has taken a quantum leap in disseminating knowledge to its members and non-members.           IIBF in April 2019, introduced the Self-Paced E-learning courses (SPeL) concept for banking enthusiasts to be familiar with banking concepts.           In the first stage, IIBF has launched   two certificate courses i.e 1. Digital Banking and 2. Ethics in Banking.           The objective of this self-paced e-learning mode are as follows: • Participants can make the best use of his or her time, in order to meet his or her learning objectives. • Participants can access the course   anywhere/anytime with an internet connection. • Participants need not travel to give their examinations. It saves time and money of the participants. ...
Read more