Contact Your Financial Adviser Money Making MC
24
November 2016
Going by the experience
post-demonetisation of high-denomination currency notes, the government has
asked automobile-makers to provide a digital identity tag in all new vehicles
to enable electronic payment at highway toll plazas. The Total Investment & Insurance Solutions
"As far as toll plazas are
concerned, the Ministry of Road, Transport and Highways is advising vehicle
manufacturers that in all new vehicles, the manufacturers must provide
Radio-Frequency Identification (RFID) facility," Economic Affairs Secretary
Shaktikanta Das told reporters here on Wednesday.
The RFID tag ensures that vehicles pass
the electronic toll collection booth without stopping as the toll amount is
deducted from the RFID card. The Total
Investment & Insurance Solutions
Das said the RFID facility in all new
vehicles will ensure payment of toll digitally and also curtail the waiting
time at check-posts. The Total
Investment & Insurance Solutions
"Digital payments will improve the
functioning of toll plazas," he said.
The Secretary also said that all
government offices have been asked to make payments to stakeholders,
contractors and employees only via digital mode. The Total Investment & Insurance Solutions
"Government organisations, PSUs and
other government authorities have been advised to use only digital payment
methods, such as internet banking, unified payment interface, cards and
Aadhar-enabled payment systems, among others, to make payments to all
stakeholders and their employees," he said.
"In other words, the option of digital
payments to private parties will be mandatorily provided. All these measures
are meant to promote digital penetration. It will help farmers in current Rabi
season to ensure normal Rabi crops on the back of a good monsoon," he
added.
In view of the cash crunch following
demonetisation, the government has exempted all national highways from toll
payment until November 24. The Total
Investment & Insurance Solutions
The government has also announced
incentives, including waiver of certain service charges until December-end to
help promote electronic payments.
Das said that following the National
Payments Corporation of India waiving "switching charges" until
December 31 to ensure greater usage of RuPay cards, banks and service providers
have agreed to waive the service charge on use of debit cards till the
year-end.
"This will ensure greater
penetration of digital transactions. Banks will soon issue their own circulars
in this regard," he said.The Total
Investment & Insurance Solutions
No comments:
Post a Comment