In a notable turn of events, the National Highways Authority of India (NHAI) has retracted its decision to increase the toll tax rates from April 1, marking a significant departure from the annual tradition of rate hikes at the start of the fiscal year.
This decision comes in anticipation of the new government formation in June, which may reconsider the toll tax rates.
One Vehicle, One FASTag Rule Implemented
The NHAI has also successfully implemented the ‘One Vehicle, One FASTag’ rule nationwide, making it mandatory for every vehicle to be equipped with a single FASTag.
The rule aims to prevent the usage of multiple FASTags for a single vehicle, simplifying toll collection and ensuring transparency.
The NHAI had extended the compliance deadline to March 31, to accommodate vehicle owners using Paytm FASTag, among others, to adjust to the new mandate.
Potential Toll Rate Hikes in June
While toll rates are typically revised based on the Wholesale Price Index (WPI), resulting in an annual increase of five to ten percent, this year’s rates were set to be implemented just after midnight on March 31.
However, verbal directives from various project directors have indicated a suspension of the increased rates, with no written confirmation provided yet.
The anticipated increase, likely to be revisited after the new government’s formation in June, has been temporarily halted, offering temporary relief to millions of commuters across the country.
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The NHAI’s decision to withdraw the planned toll tax hike has been welcomed by commuters, reflecting a responsive approach to the public’s concerns and the current political climate.
Meanwhile, the enforcement of the ‘One Vehicle, One FASTag’ rule represents a significant step towards streamlining toll collection processes, enhancing efficiency, and promoting digital transactions in the toll collection system.
The situation regarding the toll rates will be closely watched, with the upcoming government’s decisions eagerly anticipated.