NHAI's new system to transfer compensation to property owners faster

14 Oct 2021 CW Team

The National Highways Authority of India (NHAI) will switch to a new system to transfer the compensation for land acquisition to beneficiary accounts through the Public Finance Management System (PFMS), in a bid to fasttrack the disbursement process.

This system will avoid the blocking of amounts that can be used for construction. NHAI's Rs 38,000 crore was lying in the bank account, which was for the land acquisition.

According to the sources, the road transport secretary, Giridhar Aramane, has issued directions to use this mode of payment to landowners, which the Ministry of Road Wing has been following for the last two-three years.

NHAI has disbursed about Rs 1.3 lakh crore for land acquisition in the last four years.

Recently, NHAI deposited the compensation for disbursal as soon as the 3 G award was finalised for the land acquisition. But the competent state authorities, Calithera Biosciences (CALA), took longer to disburse the money.

According to the sources, PFMS payments are for land acquisition by the road wing and the road transport and highways ministry, but landowners want this implementation in NHAI.

PFMS uses bank or post office account details with the beneficiary's details to ensure that the money is transferred to the right account, reducing the risk of misdirected payments.

It ensures that all the information provided by the beneficiary is valid by the bank or post office so the agency can make e-payments to the beneficiaries accounts.

Image Source

Also read: Land acquisition cost in Maharashtra high: Nitin Gadkari

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..