Page 4 - Latest Updates on FASTag
42 NH projects worth Rs 10,992 cr in bidding stage; 202 projects underway
Toll collection on national highways through FASTags cross Rs 4,000 crore in the last three months, with average toll collection higher than the previous quarter and financial year at Rs 4,406 crore
 "42 NH projects worth Rs 10,992 cr in bidding stage; 202 projects underway")
Now you can use FASTag on car to pay for parking spot at Varanasi airport
Airtel Payments Bank, has collaborated with Park+ to enable a FASTag-based smart parking solution at Lal Bahadur Shastri Airport
 "Now you can use FASTag on car to pay for parking spot at Varanasi airport")
UPI falls marginally in June to Rs 14.7 trn, with 9.33 transactions
Based on data from NPCI, compared to the same month last financial year, transaction volume rose by 59% and value by 45%
 "UPI falls marginally in June to Rs 14.7 trn, with 9.33 transactions")
HC seeks Centre's response on plea asking banks to pay interest on FASTag
The court granted four weeks time to the authorities to file their replies to the application and listed the matter for further hearing on August 10
 "HC seeks Centre's response on plea asking banks to pay interest on FASTag")
FASTag's daily collection reaches all time high of Rs 193 cr on April 29
NHAI on Tuesday said the daily toll collection through FASTag system reached an all-time high of Rs 193.15 crore on April 29, with 1.16 crore transactions recorded in a single day
 "FASTag's daily collection reaches all time high of Rs 193 cr on April 29")
Cars on highways to be offered insurance cover using Fastag soon: Report
Centre may also come up with a plan to provide third-party insurance cover for motor vehicles when they are impounded by traffic police or transport department officials
 "Cars on highways to be offered insurance cover using Fastag soon: Report")
FASTag collections hit Rs 50,000 cr in 2022, up 46% YoY: NHAI data
Monthly toll collection put at approx Rs 4200 crore, signalling stronger adoption of electronic toll collection
HC asks NHAI to respond to plea challenging collection of double toll tax
Delhi High Court sought the response of the NHAI and the Centre to a plea challenging the rule making it compulsory for vehicles without FASTag to pay double the the toll tax
 "HC asks NHAI to respond to plea challenging collection of double toll tax")
FASTag in fast lane: Spike in adoption lifts toll collection past Rs 33K cr
Adoption of fastag by travellers in the country has recorded a significant rise following the declaration of all lanes of fee plazas on National Highways as FASTag Lane
 "FASTag in fast lane: Spike in adoption lifts toll collection past Rs 33K cr")
Top headlines: India Inc divided over new apps, tax revenues at record high
Business Standard brings you the top headlines this morning
 "Top headlines: India Inc divided over new apps, tax revenues at record high")
After a sprint, a pause for breath
2021 not only saw record funding creating a third of the country's unicorns, but also the first major listings, providing new valuation anchors
 "After a sprint, a pause for breath")
For FASTag, EV charging is the next big opportunity: Numadic CEO
The introduction of FASTag has almost entirely digitised governance in transport, which was until very recently a 100 per cent cash industry: Numadic CEO
 "For FASTag, EV charging is the next big opportunity: Numadic CEO")
Taking immediate steps to comply with RBI directions: Paytm Payments Bank
This is the third time that Vijay Shekhar Sharma-promoted Paytm Payments Bank (PPBL) is facing action from the banking regulator since its inception in May 2017
 "Taking immediate steps to comply with RBI directions: Paytm Payments Bank")
What's in-car payment?
Technology, sure, is making our lives easier. After FASTag cut short our waiting time at toll plazas, more plans are afoot for similar experiments. Let us see what they are, in this report
 "What's in-car payment?")
Paytm Payments Bank issues over 450,000 FASTags in December
Paytm Payments Bank Ltd (PPBL) claims to have led the market in the FASTag segment with 28.2 per cent market share
TMS, Ep 43: India at COP26, way ahead for MFIs, EMs in 2022, and FASTags
Is India on the wrong side of climate action with its COP26 commitment? What's the road ahead for microfinance institutions? What is FASTag and how does it work? Find the answers here
 "TMS, Ep 43: India at COP26, way ahead for MFIs, EMs in 2022, and FASTags")
FASTag toll collection reaches record Rs 3,356 crore in October
The government made FASTags mandatory from February 15 midnight
Paytm launches India's first FASTag-based facility at Delhi Metro parking
Paytm has enabled a UPI-based payment for two-wheelers entering the parking site, thereby digitising the entire parking payments
 "Paytm launches India's first FASTag-based facility at Delhi Metro parking")
Paytm to launch FASTag-based parking service across India; starts with DMRC
Paytm Payments Bank Ltd (PPBL) on Monday said it has enabled the country's first FASTag-based metro parking facility in partnership with the Delhi Metro Rail Corporation (DMRC).
Karnataka Bank launches KBL FASTag for seamless toll deduction
Karnataka Bank on Wednesday launched KBL FASTag for seamless movement of vehicles at toll plazas by facilitating automatic deduction of the toll amount.
 "Karnataka Bank launches KBL FASTag for seamless toll deduction")