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DEMONETISATION TOLL
Toll collection in current, next fiscal to be adversely impacted as operations halted: ICRAIn a letter issued to the NHAI on Wednesday, the ministry of road transport and highways said that the MHA in a order stated that “commerci...- Around 7 million transactions happening through electronic modes at toll plazasNational Payments Corporation is giving a big push to encourage as many highways to onboard the system to increase digital payments in the ...
- need2know: Seven market-moving macro triggers to watch todayFormer governor V. Y. Reddy says the Reserve Bank of India (RBI) is facing ‘reputational’ risk and its identity as an institution has been ...
- Cabinet note soon to make up for national highways operators’ toll lossEven as NH operators peg losses at over Rs 1,000 cr, the govt is considering extending the toll collection period of the operators in their...
- Demonetisation impact to last longer than expected: Jean DrezeJean Dreze hinted the real purpose of demonetisation is different - perhaps something to do with corporate interests or electoral politics.
- Today we are clocking more than 20% of the revenues by way of digital payments: VD Mhaiskar, IRB Infra"Some projects might have specific issues but overall I think it has not been a big impact as such what was been made out to be that demone...
- With toll in doldrums, road firms with orders better betsThe study said that traffic on 25 toll roads across 12 states dropped by 15% on average from the time regular tolling began, while actual t...
- E-toll mop up rises 540 times as FASTags sell like hot tagsIn the past 20 days, toll collection through electronic mode increased by at least 540 times, according to NHAI data.
- NHAI's compensation for toll revenue loss insufficient: ICRANational Highway Authority of India (NHA) has suffered an income loss of around Rs 1,238 crore due to suspension of toll collection on high...
- Maharashtra plans to reimburse Rs 125 crore loss to toll companies: CongressMPCC spokesman Sachin Sawant claimed the toll companies have sought Rs 125 crore as compensation and government is ready to reimburse it.
- Congress, TMC in 'competitive obstructionism' in Parliament: FM Arun JaitleyThe winter session of Parliament has been a washout with opposition Congress and Trinamool protesting against demonetisation.
- Demonetisation: NHAI forgoes toll worth about Rs 1,238 croreRadhakrishnan said: "Government will suitably compensate the toll operators for loss incurred due to suspension of fee collection."
- Roads ministry approves use of mobile wallets for toll collectionThe government has suspended toll collection on all national highways till December 2 midnight in the wake of cash crunch.
- Toll suspension not a long-term worry for IRB InfrastructureConsidering FY18's earnings estimate, the stock is trading at an EVEBIDTA 5.49. This is quite attractive given its 3-year average EV/EBIDTA...
- Demonetisation has hit truckers hard, most activity stopped: Naveen Kumar Gupta, AIMTCWe have apprised the FM of the ground situation, asking him to increase the withdrawal limit to Rs 5 lakh per week for this particular segm...
- Demonetisation: Suspension of NH toll may lead to 460-crore lossRs 460 crore revenue loss to private road builders, resulting in a significant liquidity stress for the most-rated road projects and potent...
- ICRA says exemption of toll will lead to Rs 460 crore revenue lossA majority of the highways do not have a sizeable accumulated surplus or a debt service reserve account (DSRA), which will put these projec...
- Toll loss is Rs 75 crore a day; NHAI promises to compensateTo avoid inconvenience to commuters after the demonetisation move, toll collection on national highway was stopped till November 18.
- NHAI may compensate concessionaires for loss in toll moneyUnion Minister for Roads and Highways Nitin Gadkari asked all the toll operators to stop collection at all toll plazas to enable smooth mov...
- Thousands of trucks stranded as fuel outlets & toll plazas refuse Rs 500, Rs 1000 notesAbout 10 million commercial vehicles ply on India’s roads. Industry figures show that of this, about 3 million are trucks ferrying between ...
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