logo
Eight locations marked for digital parking system, MCD invites bids

Eight locations marked for digital parking system, MCD invites bids

NEW DELHI: As part of its larger plan to digitise civic services in Delhi, the Municipal Corporation of Delhi (MCD) has chosen eight locations, including two clusters, to introduce digital parking systems.
In the first phase, the system will be launched in the Karol Bagh and Lajpat Nagar clusters. The aim is to allow smooth, cashless payments—through FASTag for cars and digital apps for two-wheelers.
The MCD has invited bids from agencies to manage these parking spots using digital systems. The eight identified sites are Nehru Place (Outer and Inner Rings), Shastri Park, Kashmere Gate ISBT, Okhla Industrial Area Phase-I, Narela DDA Market, Lajpat Nagar Cluster (Central Market, Veer Savarkar Marg, Old Double Storey Road), Karol Bagh Cluster (Ajmal Khan Road, Bank Street and Arya Samaj Road).
According to the tender, the selected agency will handle daily operations, use digital technology, collect parking charges, and manage on-ground staff. They must also install RFID readers, FASTag scanners, boom barriers, automatic number plate recognition (ANPR) cameras, UPI/NCMC payment terminals, digital boards, and CCTV cameras.
For two-wheelers, where FASTag doesn't apply, payment will be done using QR codes, UPI apps, or NCMC cards.
The agency must also ensure that all transaction data is shared in real time with the MCD through a central dashboard. This will help the civic body monitor vehicle movement, revenue, and parking space availability live.
A revenue-sharing model will be followed—MCD will get a fixed share of the daily earnings while the agency handles operations. Only companies with prior experience in digital parking systems for government or municipal bodies can apply. They must show proof of technical skills, financial strength, and experience with systems like FASTag, RFID, and UPI. Once fully in place, the system is expected to reduce long queues and traffic jams, especially in busy areas like Nehru Place, Lajpat Nagar, and Kashmere Gate ISBT, the official added.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Paytm, Mobikwik shares tumble after finance ministry rules out MDR on UPI transactions
Paytm, Mobikwik shares tumble after finance ministry rules out MDR on UPI transactions

Time of India

time40 minutes ago

  • Time of India

Paytm, Mobikwik shares tumble after finance ministry rules out MDR on UPI transactions

Investors sold Paytm and Mobikwik shares on Thursday, a day after the Finance Ministry denied reports of charges on UPI transactions. Paytm shares dropped 10% in trade today, before recovering later. The stock was trading 6.56% lower at Rs 897.20 as of 2:30 p.m. The company's market capitalisation dropped as much as Rs 6,123 crore to an intraday low of Rs 55,123 crore, but later returned to Rs 57,233 crore. Meanwhile, Mobikwik shares fell 3% to an intraday low of Rs 273.05 per share. As of 2:35 p.m., the counter was down 2.68% at Rs 273.95. The company's market value dropped to Rs 2,121 crore, before recovering slightly to Rs 2,128 crore. On Wednesday media reports claimed that the government was planning to levy a Merchant Discount Rate (MDR) on transactions exceeding Rs 3,000 via the Unified Payments Interface (UPI). Over the last few months, the digital payments industry has been abuzz about MDR coming back on UPI. During their FY25 results call with stock market analysts, senior executives at Paytm had expressed optimism about the government considering such a move. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kulkas yang belum Terjual dengan Harga Termurah (Lihat harga) Cari Sekarang Undo The ministry later clarified that no such plan is under consideration. 'Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless, and misleading. Such baseless and sensation-creating speculations cause needless uncertainty, fear and suspicion among our citizens. The Government remains fully committed to promoting digital payments via UPI,' a Finance Ministry post on X said. Live Events MDR is a levy charged on a merchant for processing debit and credit card transactions. UPI and RuPay debit card payments have been exempted from this charge since the presentation of Union Budget 2019-20 to promote digital transactions. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories To support payment ecosystem participants, incentives for the promotion of RuPay debit cards and BHIM-UPI transactions (P2M) up to Rs 2,000 were announced in March. However, banks and fintechs have called the incentives insufficient and want MDR brought back for such transactions to sustain infrastructure and maintenance costs. Scale of UPI UPI processed 18.68 billion transactions worth Rs 25.14 lakh crore in May, marking a 33% increase over the year-ago period. The average daily transaction amount stood at Rs 81,106 crore, with 602 million daily transactions. For the fiscal year ended March 2024, UPI accounted for 80% of India's retail digital payments.

No data? Here's how to make UPI payments without an internet connection
No data? Here's how to make UPI payments without an internet connection

Hindustan Times

timean hour ago

  • Hindustan Times

No data? Here's how to make UPI payments without an internet connection

Digital payments have become a common part of daily life in India. The Unified Payment Interface (UPI), launched by the National Payments Corporation of India (NPCI) in 2016, allows users to transfer money quickly and directly between bank accounts using their smartphones. However, these transactions typically require an internet connection. What can users do when the internet is not available? While most UPI transactions require an internet connection, users can still send payments even when offline. This feature comes in handy in areas with poor or no internet access. Here is how you can make UPI payments without an internet connection. Also read: How to quietly limit someone on Instagram without blocking, unfollowing, or causing drama To begin, dial *99# from your registered mobile number. This initiates a USSD (Unstructured Supplementary Service Data) session, a communication protocol used in mobile networks to send and receive text messages without the internet. This service, introduced by the National Payments Corporation of India (NPCI), allows users to perform essential banking functions such as sending money, checking balances, and managing UPI accounts. After dialling, you will see a prompt to select your preferred language from a list of 13 options, including Hindi and English. Next, enter the IFSC code of your bank to proceed. Since the service recognises the accounts linked to your phone number, it will display all registered bank accounts for you to choose from. Select the account you wish to use by entering the corresponding option number. Also read: How to easily compress data on your iPad to save storage space To verify your identity, you will need to enter the last six digits of your debit card number along with its expiry date. This step confirms that you are authorised to use the selected bank account for transactions. Finally, input your UPI PIN to complete the offline transaction. This PIN acts as a security measure to authenticate your payment. Once the process is complete, the payment will be processed without requiring an internet connection. Also read: Snap to launch smart glasses for users in 2026 in challenge to Meta If you want to disable the offline UPI service later, simply dial *99# again and follow the prompts to turn off this feature. short, USSD works through GSM mobile networks to send and receive simple text messages for basic mobile banking and other services. This method offers a convenient way to stay connected to your bank when internet access is unavailable.

Confusion over UPI charges? Here's what the finance ministry has to say
Confusion over UPI charges? Here's what the finance ministry has to say

India Today

timean hour ago

  • India Today

Confusion over UPI charges? Here's what the finance ministry has to say

The Finance Ministry has stated that speculation and claims regarding the Merchant Discount Rate (MDR) being charged on UPI transactions are completely incorrect, unfounded, and misleading. The Ministry stated that such unfounded speculation, which creates a sensation, causes unnecessary uncertainty, fear and suspicion among our people, and the government is fully committed to continuing to support digital payments via UPI. The rebuttal came after multiple reports circulated on social media claiming that the government would impose an MDR on larger UPI MDR refers to the fee that banks charge merchants to process real-time payments. Until recently, merchants would pay an MDR, for card payments, of 1% of the total value of the transaction. In 2020, the government implemented the waiver of MDR, seemingly forever, to encourage digital payments throughout the country. Confusion over UPI charges? Here's what the finance ministry has to say In May, the Unified Payments Interface (UPI) processed 18.68 billion transactions, totaling a value of 25.14 lakh crore rupees. This marks an increase from April, which recorded 23.95 lakh crore rupees in UPI transactions. Additionally, the May figures reflect a year-on-year growth of 33 percent, compared to 14.03 billion transactions in the same month last year. During May, the average daily transaction amount for UPI was 81,106 crore rupees, with an average daily transaction volume of 602 million transactions. UPI's success has firmly positioned India at the forefront of global real-time payments, capturing a 48.5 percent share by Watch

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