Demonetisation of old Rs 500 and Rs 1,000 notes has pushed toll payment through electronic mode rather than in cash, something the highways ministry failed to do in the past two years. In the past 20 days, toll collection through electronic mode increased by at least 540 times, according to NHAI data.
Even the sale of FASTags, a common tag that can be used across all toll plazas on NHs, has increased from only 1,462 on December 1 to 5,635 on December 20.
The average daily sale of these tags is around 3,223. Since its launch two years back, the banks responsible for popularising the use of these tags had sold only 1.08 lakh tags till November 30. The toll collection through electronic mode went up from Rs 65,897 on December 3 to nearly Rs 3.58 crore on December 21, NHAI said.
“The numbers will increase significantly next month. Now four banks ICICI, Axis, IDFC and SBI are selling tags. They will reach out to bulk buyers in a big way. What we need to do is increase the number of lanes that can process the tags to deduct toll,” said an NHAI official Read More…
Latest posts by economictimes.indiatimes.com (see all)
- CII pegs India’s growth between 7.3-7.7 per cent riding on ‘structural reforms’ - May 28, 2018
- Pakistan Warns India Of Dangerous Situation Over Water Issues - May 26, 2018
- Solar power industry on edge as Trump weighs tariffs on panels - January 22, 2018