logo
'Rs 3,000, 200 Trips...': Nitin Gadkari Shares New FASTag Annual Pass Details

'Rs 3,000, 200 Trips...': Nitin Gadkari Shares New FASTag Annual Pass Details

NDTV18 hours ago

New Delhi:
The government is introducing a FASTag -based annual pass priced at Rs 3,000, Road Transport and Highways Minister Nitin Gadkari said in an X post on Wednesday.
To be issued from August 15, the pass - available for non-commercial private vehicles only - will be valid from a year from date of activation or up to 200 trips, whichever comes first, he said.
"The annual pass will enable seamless and cost-effective travel across National Highways throughout the country. A dedicated link for activation and renewal will soon be made available on the Rajmarg Yatra App as well as on the official websites of NHAI (National Highways Association of India) and MoRTH (Ministry of Road Transport and Highways)," he said.
"This policy addresses long-standing concerns regarding toll plazas located within a 60 km range and simplifies toll payments through a single, affordable transaction. By reducing wait times, easing congestion, and minimising disputes at toll plazas, the annual pass aims to deliver a faster and smoother travel experience for millions of private vehicle owners."
There was talk last month about the government was working on a new toll policy that could make highway travel more seamless and economical for commuters.
Back then there were rumours of two kinds of new passes:
Annual: A one-time FASTag recharge for Rs 3,000 would allow private vehicles to travel across national highways and state expressways for a year without additional toll charges.
Distance-based: For those who do not want to opt for the annual model, a flat toll of Rs 50 per 100 km could replace the current toll plaza fee structure, sources had said.
While the former has been announced, it is unclear if Mr Gadkari's minister will also operationalise the latter option. Incidentally, the government had shelved an earlier proposal for a 'lifetime FASTag' that would cost a staggering Rs 30,000 but be valid for 15 years only.
The new system will use existing FASTag infrastructure, but eventually replace toll booths with sensor-based collection systems, relying on GPS and automated vehicle tracking, for barrier-free travel.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Are the mainboard IPOs out of steam? Pranav Haldea answers
Are the mainboard IPOs out of steam? Pranav Haldea answers

Time of India

time29 minutes ago

  • Time of India

Are the mainboard IPOs out of steam? Pranav Haldea answers

Live Events You Might Also Like: Influx Healthtech IPO opens today: Check key details before subscribing You Might Also Like: Blackstone-backed Knowledge Realty Trust plans Rs 4,800 crore IPO (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel , MD,, says despite a quiet period in March with no mainboard IPOs and smaller deals in April and May, it's premature to declare that mainboard IPO is out of steam. A significant pipeline exists, with numerous companies awaiting SEBI approval to raise substantial funds. While recent responses have been muted, larger deals are anticipated, contingent on geopolitical it is too early to say that. The steam, in fact, has barely started for us to call it to be over. In March, after two years, we did not see a single mainboard IPO and even in April and May, we have seen very small deals. You have not really seen a big-ticket IPO coming to the market. As you rightly said, the pipeline is are about 74 odd companies looking to raise Rs 1.5 lakh crore, holding Sebi approval and another 70 odd companies looking to raise Rs 1 lakh crore waiting for sebi approval. Some of the big deals like HDB and a couple of others are likely to hit the market soon. So, it is still too early to say the steam is gone. Yes, the response to some of the deals in May has been slightly muted. The listing has also not been great, but we need to give this some more we know, the primary market takes its cue from the secondary market and, of course, there are concerns there, the most major one right now is on geopolitical side with what is happening with Israel and Iran and if that does not throw a spanner in the work, I would expect some larger deals to get launched.I would not comment on specific IPOs or specific companies in the unlisted space, but I think there is a mixed bag. There have been some multi-baggers in the past few years where investors who bought in the unlisted space made good returns. At the same time, in '23-24, there were several deals, wherein investors are still sitting on investors need to tread with caution and it is not necessary that you will make a significant gain once the company space has seen a lot of action in the last year, year-and-a-half. I was just looking at the data and the average number of retail applications in the SME IPO space was just 297 in CY2020. That means that per SME IPO, only 297 retail investors were applying. This figure has gone up to 1.87 lakh in CY2024, which shows the huge increase in retail interest which is coming to this a word of caution – these are very small companies. Their business models are not completely tested. As far as liquidity and trading is concerned, it is very shallow. There is a lot of volatility in these stocks as well. So, yes, while some of them do end up becoming multi-baggers, there are several IPOs where investors are sitting on significant losses as well. So, investors need to tread with extreme caution in this advice to a newbie investor would be first to go through the mutual fund route if he is entering the market for the first time. If one is slightly more adventurous and is willing to take a bit more risk, then look at the 2500 already listed companies where there have been significant disclosures, there is a track record which you can you have an appetite for more risk, you can look at the IPO market and even within the IPO market, it is very important to introspect and figure out whether you are coming in for a listing gain or coming in for the long. If you are coming in for the listing gain, then you may apply to all IPOs. In bullish markets, typically all IPOs give a good listing pop and then you should exit on the listing day because you really came in only as a listing pop the other hand, of course, if you are coming in for the long haul, then you need to do the hard work. You need to study the offer document, understand the company, the promoters, the governance, its business model, its financials, and then take a call to invest.A lot of these MNCs which are looking at listings have essentially become like Indian companies. They have been in the ecosystem for a long time. These are consumer companies, extremely familiar to the Indian space. I would imagine from a governance standpoint as well, there would not really be much of a challenge. Given the demographics of India, a lot of these companies are poised to grow exponentially in the years to with every IPO, for an investor there are two things to look at: One, the kind of company which is coming in and Two, the valuation. So, a very good company could be coming in with an IPO, but the valuation may be stretched. Again, that makes for a poor investment. We need to look up IPOs where the company is good and the valuation is also far as the valuations are concerned, my view has always been that valuation is an art, and not a science. Apart from the closing price on the day of listing, when can one really make an assessment and say that the IPO was overpriced or underpriced or fairly priced? The reason is very simple that on the day of listing the share becomes available for trading for a wider set of investors, domestic, foreign, retail, institutional, long, short, there are no restrictions which are there at the time of IPO. Hence we can say that on the day of listing, some kind of price discovery happens and where the share ends at the end of the day can give us a sense of how the IPO was beyond that, it becomes like any other listed company whose share price will go up and down on the basis of the company's own performance, how the sector is doing, how the broader market is doing, and how the broader economy is doing. If you are sitting in 2025 and looking at the 2022 IPOs and doing an analysis of how many of them are above issue price, how many are below issue price, it is an exercise in futility and the data also shows this some of them have performed very well since 2022, while some have failed to even reach the issue it is a very selective process and with every IPO. My advice would only be to look at each of these companies, study the company, and also look at the valuation. We cannot pass a generic statement there. There are some very interesting business models out there. The only drawback as far as retail investors are concerned is that there may not necessarily be a peer group company with which they can compare the valuation, in which case, investors should follow the cues of QIPs.

Procure mango at Rs 20/kg, ryots urge Tamil Nadu government
Procure mango at Rs 20/kg, ryots urge Tamil Nadu government

New Indian Express

time36 minutes ago

  • New Indian Express

Procure mango at Rs 20/kg, ryots urge Tamil Nadu government

CHENNAI: Tamil Nadu Vivasayigal Sangam, affiliated with the CPI, has urged the state government to immediately intervene and procure mangoes at Rs 20 per kg, including subsidy, to safeguard mango farmers who are facing distress due to falling prices. In a statement, the association's general secretary P S Masilamani said that due to a bumper harvest this year and lack of institutional procurement, mango prices have plummeted below Rs 4 per kg, forcing many farmers to dump their produce on roads or leave the fruits to rot on trees. With mango pulp factories largely run by private players and an oversupply across southern states, farmers are unable to get fair prices. Masilamani pointed out that the Andhra Pradesh government has begun procuring mangoes at Rs 12/kg, with an additional Rs 4/kg subsidy. He called on the state government to follow suit by involving the agricultural marketing department, setting up cold storage units, and eventually establishing state-run mango pulp factories to ensure price stability for growers.

50 years on, Emergency victims in Kerala await official recognition
50 years on, Emergency victims in Kerala await official recognition

New Indian Express

time36 minutes ago

  • New Indian Express

50 years on, Emergency victims in Kerala await official recognition

THIRUVANANTHAPURAM: A long 50 years after what's termed the dark age of Indian democracy, thousands of Emergency victims in Kerala are yet to be officially recognised. As many as 13 states have accorded them Emergency victims' status, providing them monthly pensions, with Odisha being the latest to announce it this January. Despite Chief Minister Pinarayi Vijayan himself being a victim, the state government has curiously been unfavourable towards the demand. Ironically, in a first, the CPM plans to observe an anti-Emergency day on June 25 this year on the 50th anniversary of Emergency. Though there are no official data available, it has been estimated that currently around 5,000 people including those arrested or who took part in protests during the 1975 regime, are alive today in Kerala. On its 50th anniversary, the victims continue to knock at the doors of the state government as well as the Centre for acknowledgement of their status. The Emergency Prisoners Coordination Committee had approached both the CM and CPM general secretary M A Baby — another emergency victim — a few weeks ago with their long-standing demand. The government, however, turned down their request, citing a 2019 HC order that had then referred the matter to the Union government. The EPCC had also long wanted the history of Emergency and the resistance it faced, to be made part of school curriculum, with the Emergency torture camp at Sasthamangalam as a memorial. 'Shouldn't the younger generations know that India underwent a dark age for democracy, not long ago? Having resisted it, the Left has an added responsibility to consider these requests. Several other state governments have accorded the victims such a status; why then can't Kerala accord us political prisoner status?' asks P C Unnichekkkan of the EPCC. On the 50th anniversary, the EPCC plans to hold a dharna raising these demands, chips in Dhanuvachapuram Sukumaran of EPCC. It was Punjab's Akali Dal government, which first recognised these prisoners as secondary freedom fighters in 1980 and provided them pension. Later many states followed suit, with the Odisha government being the latest to provide monthly pension of Rs 20,000 to those imprisoned during Emergency.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store