logo
Govt announces annual FASTag pass for ₹3,000, effective August 15

Govt announces annual FASTag pass for ₹3,000, effective August 15

Business Standard15 hours ago

Union Minister of Road Transport and Highways Nitin Gadkari on Wednesday announced the introduction of a FASTag-based annual pass.
In a post on X, Gadkari said the pass, which will be priced at ₹3,000, is being introduced to promote hassle-free highway travel and will come into effect starting August 15.
The minister said the pass will be valid for a year from the date of activation or up to 200 trips, whichever comes first. The pass has been designed exclusively for non-commercial private vehicles such as cars, jeeps, and vans, the minister added.
Gadkari said the annual pass aims to ensure seamless and cost-effective travel across national highways throughout the country and aims to address long-standing concerns related to toll plazas that are located within a 60 km range. It will simplify toll payments via a single, affordable transaction.
The annual pass aims to deliver a faster and smoother travel experience for millions of private vehicle owners by minimising wait times, easing congestion, and bringing down disputes at toll plazas, the minister stated.
The annual pass will be made available through the Rajmarg Yatra mobile application and on the official websites of the National Highways Authority of India (NHAI) and the Ministry of Road Transport and Highways (MoRTH). A dedicated link for its activation and renewal will soon be rolled out for the users ahead of its launch.
Currently, commuters who frequently pass through a toll plaza can obtain a monthly pass by submitting their relevant documents. The monthly pass is made available for ₹340 a month, totalling ₹4,080 annually.
Earlier this year, Gadkari hinted at developing plans for car owner passes. Earlier, in February this year, the National Highways Authority of India (NHAI) clarified that the new norms for FASTag transactions will not impact the experience of the users on highway toll plazas.
The clarification was issued after the National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems, introduced a new regulation with regard to delayed transactions due to inactive FASTags at toll plazas. The rules came into effect on February 17.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

From I-Day, you can buy FASTag-based Rs 3k annual toll pass for private cars
From I-Day, you can buy FASTag-based Rs 3k annual toll pass for private cars

Time of India

timean hour ago

  • Time of India

From I-Day, you can buy FASTag-based Rs 3k annual toll pass for private cars

Representative Image NEW DELHI: In a big relief to middle class and private car owners who frequently use national highways and expressways, govt on Wednesday announced rollout of a FASTag-based annual toll pass from Aug 15 for Rs 3,000. The pass will be activated on the existing FASTag and will be valid for one year from the date of activation or up to 200 trips, whichever comes first. Announcing the decision, road transport and highways minister Nitin Gadkari said the decision was expected to bring relief to users of national highways and expressways under the central govt. Apart from the cost saving, it is expected to reduce congestion at plazas across the country. The move to introduce a FASTag-based annual toll pass "will substantially eliminate toll-related difficulties that people faced and complained about for a long time," road transport and highways minister Nitin Gadkari said on Wednesday. "Till now, for 200 such trips, car users were paying around Rs 10,000 a year. With the new pass system, they will save around Rs 7,000 in a year." Gadkari said the pass would be valid only on NHs and central govt's expressways, and not on tolled state highways and expressways such as Ganga Expressway and Mumbai-Pune Expressway. In a gazette notification amending the NH Fee Rules published on Wednesday, the road transport ministry said the amount for obtaining the pass may be "revised" in April every year. The NHAI will start accepting applications for the annual passes from mid July. It said that owners of private vehicles having a valid and functional FASTtag would be eligible to obtain the pass after paying the fee and it would be "valid for one year or for 200 crossings (read trips) through any fee plaza on a NH, whichever is earlier, irrespective of the fee leviable at each fee plaza." It added that in a closed user fee collection system such as Delhi-Mumbai, Bangalore-Mysuru and Lucknow-Kanpur expressways & other new greenfield highways, entry and exit of a vehicle at a fee plaza would be considered a single crossing or trip. Ministry officials said the much awaited intervention is aimed to simplify toll payments & reduce congestion at plazas across the country. The ministry said the policy was designed to address long-standing concerns regarding toll plazas located within a 60 km range & to provide a seamless travel experience for private vehicle owners. There have been several instances of altercations turning violent between locals & toll operators. Sources said the decision to launch annual passes for private cars was taken based on a detailed study of the toll collection data. As per the analysis, while private cars constitute about 60% of the traffic on NHs, the share of toll revenue from these vehicles is barely in the range of 20-26%. It also found that in 2023-24, around 53% of the electronic transactions for paying toll were cars, they contributed to barely 21% of the total revenue.

CM reaches out to mango, tobacco and cocoa farmers
CM reaches out to mango, tobacco and cocoa farmers

Hans India

timean hour ago

  • Hans India

CM reaches out to mango, tobacco and cocoa farmers

Vijayawada: Chief Minister N Chandrababu Naidu, while drawing attention to 'unique challenges surrounding the production of crops like tobacco and mango', has advised officials to adopt a commercial perspective when dealing with agricultural produce without failing to secure 'the best possible prices for farmers'. At a review held on support prices for mango, tobacco, and cocoa, the Chief Minister directed officials to expedite the procurement of the remaining HD Burley tobacco, after he was informed that 80 million kg of HD Burley tobacco was produced this year. Of this, 27 million kg had already been procured, officials told the Chief Minister. In this regard, arrangements have been made for 24 companies to purchase 33 million kg, while AP Markfed is set to procure the rest. Procurement centers have been established in Bapatla, Guntur, Palnadu and Prakasam districts. Officials informed the Chief Minister that procurement operations at these centers would be intensified starting Thursday. The CM instructed that all relevant information, including details of procurement centers, be promptly shared with every tobacco farmer. The Chief Minister directed the implementation of robust grading systems to enhance exports. He mentioned that he had already discussed with the Union government the reduction of import duties on palm oil and the lowering of GST on mango pulp from 12% to 5%. He asked officials to coordinate with the relevant central departments on these matters. Chandrababu Naidu stressed the importance of keeping farmers informed about crop plans, especially concerning mango cultivation. To ensure fair pricing, farmers need timely information on market demand. Addressing the crisis faced by mango farmers, with pulp factories offering them as low as Rs 4 per kg, Chandrababu mentioned that the government was providing an additional support price of ₹4 per kg for mangoes and instructed officials to ensure that processing units purchased mangoes at no less than ₹8 per kg. He reassured that the government would stand by farmers to prevent any losses. Regarding cocoa, officials reported that 12,000 metric tonnes had been produced this year, of which 10,000 metric tonnes had already been sold. The authorities are currently procuring 80 to 100 metric tonnes per day. Chandrababu directed that the remaining stock be procured by the first week of July. He also instructed the formulation of an action plan to establish more fruit processing units across the state. Emphasizing the importance of exports aligned with international market requirements, the Chief Minister reiterated the need to implement best-in-class grading mechanisms. Agriculture Minister Atchennaidu and senior officials from the agriculture and horticulture departments attended the meeting. District Collectors of Guntur, Bapatla, and Prakasam joined via video conference.

With schemes and sops, India is powering up its ship engines
With schemes and sops, India is powering up its ship engines

Mint

time2 hours ago

  • Mint

With schemes and sops, India is powering up its ship engines

The monster shipyards of China, Korea and Japan have dominated the world's shipmaking for long. Now, India wants to muscle in. A series of measures to build, repair and finance ships in India are likely this year, two people aware of the plans said, as the country aims to become a global maritime hub. The government is working on nearly a dozen mission-mode measures to fire up the local shipping industry, including a maritime development fund, a revamped shipbuilding assistance scheme, and policies to strengthen domestic ships and ports, the people said on the condition of anonymity. Apart from shipbuilding, repairs and recycling, the new schemes will also cover financing, insurance, technical management, staffing-crewing and manning, and arbitration. 'The idea is to plug every critical gap in the value chain so that India is not just building ships, but also financing, insuring, managing, and resolving disputes, essentially offering end-to-end maritime solutions," one of the two people cited above said. Chinese dominance Japan, South Korea, and China jointly command 90% of global shipbuilding, with China alone accounting for nearly 50% of all new vessel orders. The Chinese dominance has alarmed the US, with president Donald Trump slapping port fees on Chinese-built ships and proposing tax sops for US-made vessels, terming it crucial for security, prosperity, and jobs. Also read | India plans its own shipping fleet; wants to provide assured demand for ships built in the country from state-run firms India is also courting shipbuilders and financiers from Korea and Japan to set up shop in India, the second person added. The goal is to get these companies to support and form Indian joint ventures offering leasing and financing options, with an aim to ensure ships built in India find buyers at home and abroad. India has also urged some of these companies to offer shipping finance in India, replicating the model in their home country, the people cited above said. Foreign tie-ups 'Korean and Japanese shipbuilders are in talks with Indian counterparts to form JVs. Cochin Shipyard, for instance, is exploring a partnership with Korean firms for shipbuilding in Kerala," the second person added. A shipping ministry spokesperson didn't respond to emailed queries. "With less than 1% share in the global shipbuilding market, India is launching a multi-pronged maritime strategy to break into the world's top 10 by 2030 and top five by 2047," the first person mentioned above said. "Alongside mega shipbuilding parks, the government will roll out missions for ship repair, recycling, financing, insurance, cruise infrastructure, and arbitration—all aimed at building a full-service maritime ecosystem," the first person said. Read this | Shipping industry likely to get ₹25,000-crore boost To be sure, recent MoUs signed during Union shipping minister Sarbananda Sonowal's Norway visit reflect growing international interest. Private power Private shipbuilders are also joining in. Garden Reach Shipbuilders & Engineers has signed deals with Germany's Carsten Rehder to make hybrid 7,500 deadweight tonnage (DWT) vessels, UAE's Aries Marine for offshore platforms, and a global engine manufacturer. Larsen & Toubro has also partnered with Norway's DNV to collaborate on shipbuilding and port infrastructure. "The recent developments are part of a larger push under India's new shipbuilding mission," the second person said. 'We are not just building ships; we are building the entire ecosystem. Alongside mega shipbuilding parks on both coasts, we are launching parallel missions for financing, insurance, staffing, and more to anchor India's maritime ambitions," the person added. In September, Mint reported on India's ambitious shipbuilding push, aiming to tap into a global market where traditional giants such as China, Korea and Japan, are overbooked, prompting buyers to seek alternative production hubs for modern vessels. Also read | For India's shipping industry, a new rule promises to be a game-changer "While we are seeing progress, the global market is still dominated by China, South Korea, and Japan. To bridge that gap, what is needed now is a clear push for foreign investment and technology transfer," Pushpank Kaushik, chief executive officer and head of business development (subcontinent, middle east and southeast Asia) at Jassper Shipping. "If policy can make space for that, it will not only attract global players but also strengthen our position in the international market. This would be a strong complement to the government's vision and help put India on the global shipbuilding map," Kaushik added. Maritime fund Existing initiatives to boost shipping include a ₹25,000 crore maritime development fund to raise investment in shipbuilding through blended finance and the development of mega shipbuilding parks on both coasts. The new complementary missions will cover ship repair, recycling, cruise infrastructure, financing, staffing, and insurance. Ship repair hubs are also being planned in Kochi, Mumbai, Chennai, Kolkata, and Vadinar, besides a centre of excellence and free trade depot for duty-free imports. India has also launched the Indian International Maritime Dispute Resolution Centre (IIMDRC) to localize arbitration and reduce reliance on global hubs like Singapore and Dubai. And read | Govt to hold talks with exporters as Iran-Israel conflict stalls shipments, drives up costs Meanwhile, a domestic maritime insurance entity, the India Club, is under consideration to offer protection and indemnity (P&I) insurance for coastal and inland shipping. Mega ports at Vadhavan in Maharashtra and Galathea Bay in Great Nicobar are also central to the plan, aiming to boost port capacity, attract transhipment cargo, and create over 1.2 million jobs.

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