Sunday, April 20, 2025

Creating liberating content

State-run telecom firm MTNL has defaulted on bankloans worth Rs

NEW DELHI: Auto exports rose by 19% to over 53

NEW DELHI: Markets regulator Sebi has said it found “no

The trade war is providing a boon for Asian consumer

Related News

State-run telecom firm MTNL has defaulted on bankloans worth Rs 8,346 crorefrom seven public sector banks, the company said in a regulatory filing. The loss-making telecom firm’s total debt obligations

NEW DELHI: Auto exports rose by 19% to over 53 lakh unitsin FY25, driven by robust demand for passenger vehicles, two-wheelers and commercial vehicles in overseas markets. Overall exports last

NEW DELHI: Markets regulator Sebi has said it found “no manufacturing activity” at Gensol Engineering’s electric vehicle plant in Pune, when an NSE official visited the site.These revelations were part

The trade war is providing a boon for Asian consumer stocks, as investors take shelter in companies that cater to local buyers’ essential needs.Strategists at Goldman Sachs recommended Asian consumer

BENGALURU: India’s deeptech ecosystem – comprising startups in AI, spacetech, advanced manufacturing, and semiconductor design – added over 480 new ventures in 2023, up two times the previous year. The

BENGALURU: Craft beer maker Bira 91 is experiencing increased unrest among both current and former employees, who have cited issues such as pending salaries, unreimbursed allowances, and unresolved dues.These concerns

Trending News

NEW DELHI: Auto exports rose by 19% to over 53 lakh unitsin FY25, driven by robust demand for passenger vehicles, two-wheelers and commercial vehicles in overseas markets. Overall exports last

The trade war is providing a boon for Asian consumer stocks, as investors take shelter in companies that cater to local buyers’ essential needs.Strategists at Goldman Sachs recommended Asian consumer

BENGALURU: Craft beer maker Bira 91 is experiencing increased unrest among both current and former employees, who have cited issues such as pending salaries, unreimbursed allowances, and unresolved dues.These concerns

MUMBAI: Trading pattern of foreign funds, tariff-related developments, quarterly results by leading Indian companies, trends in the US markets, and the IMF-World Bank meetings in Washington DC will decide Dalal

BELAGAVI/BENGALURU: Intel has promoted its networking chip head Sachin Katti to be its chief technology officer and AI chief, Reuters reported citing an internal memo. The elevation comes at a

DHL Express, the logistics arm of Germany’s Deutsche Post, will temporarily suspend global business-to-consumer (B2C) shipments exceeding $800 to recipients in the United States starting April 21, citing recent changes

NHAI bars tolling agencies for ‘irregular activities’, refunds amount in 12.5 cases for wrong deductions | India News

Word Count: 747 | Estimated Reading Time: 4 minutes


NHAI bars tolling agencies for ‘irregular activities’, refunds amount in 12.5 cases for wrong deductions

NEW DELHI: Fourteen toll collection agencies have been barred for two years for “irregular activities” in collecting the highway-user fee, the NHAI said on Thursday.
This comes almost two months after the Uttar Pradesh Police Special Task Force unearthed a fraud of parallel cash collection from non-FASTag or black-listed FAStag vehicles through separate handheld machines instead of routing the cash collected through the toll management system (TMS).
In a statement, the National Highways Authority of India (NHAI) said that based on the STF raid at the Atraila Shiv Ghulam toll plaza in Mirzapur and registered FIRs, the authority had served ‘show cause notices’ to the defaulting agencies, but their responses were not satisfactory. Performance securities worth over Rs 100 crore of the defaulting agencies have been forfeited and are being encashed for breach of contract, it said.
Meanwhile, in Parliament, road transport and highways minister Nitin Gadkari on Thursday informed Lok Sabha that the govt had formed a three-member enquiry committee to look into the toll fraud. The panel found that while the FASTag-based electronic toll collection (ETC) system, which accounts for 98% of all transactions, remains largely secure, certain loopholes have been exploited to bypass this setup, he added.
The NHAI is also considering installation of AI-powered audit cameras at high-value toll plazas to ensure accurate vehicle counting and classification, Gadkari said.
In a written reply to another question on wrong, or faulty, toll deduction on national highways, he told the House that the NHAI made refunds in case of 12.5 lakh transactions in 2024 and has levied Rs 2 crore fine on toll collecting agencies for incorrect deductions. However, the minister said there were 410 crore FASTag transactions in 2014 and the faulty deductions were only “0.03% of all FASTag transactions”.
To eliminate cash transactions at toll plazas for paying double the user fee as penalty for not having a FASTag or for using a blacklisted tag, the NHAI will implement a variable UPI payment system — this captures details such as type of vehicle, toll plaza and toll amount, preventing transfer of amount to a personal account. The initial trial has started at the Kherki Dhaula toll plaza in Haryana and will be extended to all plazas in the country.
Sources said the NHAI has zeroed down on payments through UPI considering the high usage of app-based digital payment interfaces. Moreover, as there will be variable UPI payment, there will be no scope for NHAI not getting details of exact transactions as toll operators cannot fix any UPI QR code at plazas for payment from commuters.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account