The move will boost the revenue by at least Rs 10,000 crore, Union Minister Nitin Gadkari said on Monday
National Highways Authority of India said its daily toll collection through FASTag has reached about Rs 104 crore
The Supreme Court on Friday declined to entertain a plea against making FASTags mandatory for motor vehicles
Vehicles without FASTag would have to to pay double the toll fee at electronic toll plazas from Monday midnight
The FASTag registration has gone up to 90 per cent on some routes and only 10 per cent people are left.
The ministry has decided that all lanes in the toll plazas on national highways shall be declared as "FASTag lane of the fee plaza" with effect from midnight of February 15-16
Says issuer banks were unilaterally mandating threshold amount value in addition to security deposit, due to which users were held up at toll plaza in spite of having sufficient balance
NHAI said it has decided to do away with the requirement of maintaining a minimum amount in FASTag wallet
FASTag contributes over 75 percent of the total toll collection
Ministry of Road Transport and Highways mandated fitment of FASTag with effect from Friday, in M and N categories of motor vehicles sold before December 1, 2017
Hybrid lanes at toll plazas on National Highways will remain operational till February 15, the government said
Cheque payments will be safer; the limit for contactless card transactions to increase
The National Highways Authority of India said it has updated the FASTag app to add a new feature to provide balance status to users
FASTag is a reloadable tag which enables automatic deduction of toll charges and lets users pass through the toll plaza without stopping for cash transactions
The National Highways Authority of India (NHAI) on Friday said the electronic toll collection through FASTag has crossed Rs 80 crore a day with record 50 lakh transactions per day.
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Currently, more than 720 toll plazas across the country are live on the FASTag platform
The NHAI said it is actively promoting digital payments to enhance the user experience on national highways
The ministry also proposes to make FASTags mandatory for vehicles sold before December 2017
In August, UPI volumes touched 1.61 billion transactions worth Rs 2.98 trillion, compared to 1.49 billion transactions in July worth Rs 2.9 trillion