Conference on ‘One Nation One Tag – FASTag’ held in New Delhi
Union Minister for Road Transport & Highways Nitin Gadkari inaugurated a conference on ‘One Nation One Tag – FASTag’ in New Delhi, to roll out the process for having a unified electronic system across the country. MoS Road Transport and Highways, Gen. (Retd.) V.K Singh and ministers and senior officials from several states were also present on the occasion.
Key Memorandum of Understanding (MoU) signed at Conference
MoU was signed between Indian Highways Management Company Ltd (IHMCL) and Goods and Services Tax Network (GSTN) for integration of FASTag with GST e-way bill system. This integration of FASTag with e-way bill system will not only help revenue authorities track movement of vehicles but will also ensure that the vehicles are travelling to same destination that transporter/trader had specified while generating e-way bill. Moreover, the supplier or transporter will also be able to track their vehicles via SMS alerts generated at each toll plaza.
IHMCL also exchanged MoUs with several state departments/other agencies/ authorities for integrating with FASTag. This would mean that the same FASTag affixed on the windscreen of a vehicle can be used at every toll plaza in country under jurisdiction of different states or agencies and other entities, thus providing seamless services to consumers across the country. The move assumes special significance because from 1 December 2019, toll collections on all National Highways will mandatorily be done through FASTag only.
What is FASTag? It is a simple to use, reloadable tag or device that employs Radio Frequency Identification (RFID) technology which enables automatic deduction of toll charges and lets vehicle pass through toll plaza without stopping for cash transaction.
Category: Economy & Banking Current Affairs
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