Toll worth Rs34,742 crore collected on national highways in FY22
User fee collection at toll plazas on National Highways (NHs) during the financial year 2021-22 was at Rs 34,742.56 crore, the government informed the Parliament on Thursday.
Among the states, Uttar Pradesh witnessed the toll collection of Rs 4,183.74 crore while Rajasthan and Gujarat recorded Rs 3,933 and Rs 3,642.40 crore user fee collection on NHs respectively during the year 2021-22, the Union Ministry of Road Transport and Highways said in a written reply to Parliament.
On a question, whether the government or the National Highways Authority of India (NHAI) has set any target of toll collection in current financial year 2023-24 and next three years, the ministry said that there is no such target set for current financial year as well for next three years.
However, user fee collection is expected to increase by 5 per cent due to annual traffic growth and by 3 per cent due to change in Wholesale Price Index (WPI) every year. Further, new fee plazas are put for commercial operation upon completion of NHs Stretch adding additional revenue every year, the ministry added.
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
'Rs3,300 crore loan', SC stays Bombay HC order permitting Ushdev chief Suman Gupta to travel abroad
IANS 17 March 2023
The Supreme Court on Thursday stayed the Bombay High Court order, which allowed Ushdev International Ltd (UIL) Chairperson Suman Vijay Gupta to travel abroad on an undertaking.
Solicitor General Tushar Mehta mentioned the...
ED Raids Premises Linked to Franklin Templeton
IANS 16 March 2023
Sources in the enforcement directorate (ED) said that they were conducting raids at the residential premises belonging to Franklin Templeton Asset Management (India) Pvt Ltd in connection with a case under the Prevention of Money...
Russian hackers hit Indian Health Ministry's website: Cyber-security firm
IANS 16 March 2023
Cyber-security researchers from CloudSEK have claimed that a Russian hacker group targeted the Indian Health Ministry website and infiltrated its Health Management Information System (HMIS).
The pro-Russian hacker group...
Bar Council Allows Foreign Lawyers, Law Firms To Practice in India
IANS 15 March 2023
The Bar Council of India (BCI) has agreed to permit foreign lawyers and law firms to practice in the country in a restricted and well controlled and regulated manner on the principle of reciprocity which would be mutually beneficial...
Free Helpline
Legal Credit