Wednesday, August 13, 2025

Creating liberating content

MUMBAI: An RBI panel examining the responsible use of AI

Federal Reserve Chairman Jerome Powell (AP photo) US treasury secretary

Representative image (PTI photo) NEW DELHI: The number of days

Access Denied You don’t have permission to access ” on

Related News

MUMBAI: An RBI panel examining the responsible use of AI in finance has urged regulators to adopt a “tolerant supervisory stance” towards mistakes made by AI systems. The idea is

Federal Reserve Chairman Jerome Powell (AP photo) US treasury secretary Scott Bessent made his most explicit call yet for the Federal Reserve to execute a cycle of interest-rate cuts, suggesting

Representative image (PTI photo) NEW DELHI: The number of days taken for finalisation of the insolvency resolution plan has dropped from 752 days at the end of the March quarter

Access Denied You don’t have permission to access ” on this server. Reference #18.27fdd417.1755113551.d417628 Source link

The State Bank of India (SBI) will introduce nominal charges on Immediate Payment Service (IMPS) fund transfers above Rs 25,000 made through online channels starting August 15, according to details

India is on track to become the world’s most sought-after consumer market while undergoing a major energy transition, witnessing a rise in the credit-to-GDP ratio, and seeing manufacturing take a

Trending News

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

Proposals to bring relief from toll charge on NHs, e-expressways under finance minister’s consideration | India News

Word Count: 693 | Estimated Reading Time: 4 minutes


Proposals to bring relief from toll charge on NHs, e-expressways under finance minister’s consideration

NEW DELHI: The two proposals of road transport ministry to bring relief to lakhs of commuters from shelling out high toll on national highways and expressways — no user fee on narrower NHs that are two-and-half lanes and option of annual pass costing around Rs 3,000 for unlimited travel for cars — are now under the finance ministry’s consideration.
Sources said the proposals have been approved by the road transport ministry and sent to the expenditure department of the finance ministry since it involves some revenue loss. While annual passes would cause some loss to toll revenue, stopping user fee collection on narrower highways won’t have any impact, they added.
Though earlier road transport minister Nitin Gadkari had spoken about the plan to offer the option of annual and lifetime pass for private vehicles, the ministry zeroed down on the monthly pass, considering high probability of its acceptance among vehicle owners. The minister has been making statements of extending some “big relief” for highway commuters in the near future and has also claimed that with this they won’t have any complaints.
Sources said the proposal of no tolls on two-and-half lanes or two-lane with paved shoulders was mooted by the minister as a review meeting and had asked officials to look into this. The user fee on such roads is 64% less than the toll payable on highways that are four-lane and more. TOI has learnt that there are less than 50 toll plazas on such stretches and barring a few all are public funded roads, meaning the toll is collected by govt’s own agencies.
“In most cases, the toll generated is less than the expenses incurred. So, it isn’t a bad proposition to do away with tolling on these stretches. The only issue is highways with four lanes and more, and expressways. There are a significant number of private players collecting toll and govt has to compensate for the loss they may incur due to annual passes,” said a source.
Data show that out of the total toll revenue of Rs 61,000 crore of 2024-25, private cars had a share of around 20-21%. and the large chunk of 79-80% fee comes from commercial and heavy vehicles.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account