FASTags authorised banks: The National Highway Authority of India has updated the list of authorized banks and non-banking financial companies which can issue FASTags. The revised list does not include Paytm Payments Bank has been removed from the list of authorised banks for FASTags. The Reserve Bank of India has prohibited Paytm Payments Bank Ltd from conducting certain operations, including …
Business news: Some major changes are set to come into effect starting March 1, 2024, that are likely to have an impact on the daily operations of the people. Let’s take a look at key changes taking place from March 1, 2024 GST rule change Those businesses whose turnover surpasses Rs 5 crore mark will have to include e-invoice details …
Attention Paytm FASTag users! The National Highway Authority of India has directed Paytm Payments Bank Ltd to halt the issuance of FASTags due to regulatory concerns. This development directly impacts the Paytm FASTag service, an electronic toll collection system widely used in India. It's essential to note that the RBI notice only applies to Paytm Payments Bank Ltd. Other Paytm …
The Karnataka High Court on Friday refused to stay the notification issued to amend the Central Motor Vehicle Rules, by which fitment of FASTag has been made compulsory for all vehicles and a valid FASTag is mandatory while getting a new 3rd Party Insurance. Amended Central Motor Vehicle Rules: In the Central Motor Vehicles Rules, 1989, in Rule 47, in …
The Central government has been increasing the last date of FASTag implementation since a long time. The tag is pasted on the front windscreen of the car and whenever a vehicle crosses any tollbooth, the gates open automatically after the RFID scans the information on the FasTag. In order to make sure that more and more people choose FAStag over …