Rs 103 Crore Toll Tax Collected Via FASTags In 24 Hours: Economy Back On Track?

It seems that India has kept the past of the second wave of pandemic behind and is ready to face the new world with new zeal. The zeal of Indians to grow and snatch every opportunity such that they have started to move out of their houses at a very significant level.

FASTag collection nearly back at pre-second wave level

Modi government is also taking steps in a much-calibrated way to open sectors of the economy very thoughtfully. And Businesses and individuals are unanimously joining the cohort of rebuilding the economy. The official data of electronic payment mode of collecting tolls suggested that by June end the toll collection was Rs. 97 crores in a day whereas it crossed the mark of 100 crores and was recorded at 103 crores by July 1, 2021. This figure fell a little short of the highest mark of 107 crores which was recorded in March 2021, just a month before the second wave of the pandemic.

In June 2021, the government earned toll amounting to Rs. 2576 crores. This is a 21% jump in the toll collected through FASTags from May 2021. In May 2021 tax collected amounted to Rs. 2100. Last year, around this time only, during the first wave of the pandemic, the toll collection had counted at around Rs. 1500 crores. 

Sign of Recovery, officials say.

Officials notified that barring few states in the country such as Tamilnadu, Odisha, West Bengal, and Rajasthan, growth in FASTtag transactions is steady. That data from June is a sign of recovery for the economy and is a signal that the second wave of the pandemic is on the wane.

In recent years, FASTag has also kind of become a new normal where almost 780 toll plazas have adapted to it. It has become a preferred and very user-friendly mode of transaction for travelers as well. Out of the 780 FASTag enabled toll plazas, 660 are operated by the National Highway Authority of India (NHAI).

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