+
FASTag automated daily toll collections rise by 45% in August
ROADS & HIGHWAYS

FASTag automated daily toll collections rise by 45% in August

India's economy is reviving, as is the country itself. Countless porta-cabins dotting Indian highways tell us that FASTag automated daily toll collections have risen by 45% in August after falling by 25% in May from April.

Daily toll collections had fallen to Rs 68 crore by May, a record low.

August will be the third month in a row that toll collection has increased on a daily basis on average.

Factory output and industrial production have improved across key sectors due to the relaxation of lockdown restrictions and stable demand. As a result, business activity has picked up.

E-way bill growth is cited by analysts as a significant factor in explaining the rise in daily toll collections on average. 86351801E-way bills record interstate and intrastate freight transport.

E-way bills increased to 65.89 million units in August from 39.9 million units in May, according to GST Network, a company that provides a database of Goods and Services Tax (GST) filings and transactions.

Image Source


Also read: Toll collections to grow 10-11% in FY22 despite Covid: Care Ratings

India's economy is reviving, as is the country itself. Countless porta-cabins dotting Indian highways tell us that FASTag automated daily toll collections have risen by 45% in August after falling by 25% in May from April. Daily toll collections had fallen to Rs 68 crore by May, a record low. August will be the third month in a row that toll collection has increased on a daily basis on average. Factory output and industrial production have improved across key sectors due to the relaxation of lockdown restrictions and stable demand. As a result, business activity has picked up. E-way bill growth is cited by analysts as a significant factor in explaining the rise in daily toll collections on average. 86351801E-way bills record interstate and intrastate freight transport. E-way bills increased to 65.89 million units in August from 39.9 million units in May, according to GST Network, a company that provides a database of Goods and Services Tax (GST) filings and transactions. Image SourceAlso read: Toll collections to grow 10-11% in FY22 despite Covid: Care Ratings

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code