New Delhi: The Ministry of Road Transport & Highways announced today that it has initiated a pilot project to use FASTags for parking purposes at Hyderabad Airport (HYD). The pilot project has been launched in two phases, the first being a controlled pilot testing, wherein only ICICI tags would be used. The second phase of the pilot will cover all other issuer bank tags. This has been done to ensure the benefits of FASTag beyond tolling.
Conceptualised as FASTag 2.0, it covers parking payments, fuel payments, and more. After the success in Hyderabad, the project will be launched at Delhi airport. Other banks like SBI, Axis, HDFC & IDFC are also in talks with airports in Mumbai (BOM), Bangalore (BLR) and some malls to launch FASTag 2.0.
With the parking use case, all vehicles fitted with FASTags, as also those sold post December 2017, will automatically benefit as they have been already fitted with a FASTag. The journey of FASTag 2.0 has many use cases like fuel payments, enforcement (e-challan) payments, access management at offices and residence.
The GST council has also mandated FASTag for all commercial vehicles which would be generating an E-way bill from 1 April 2020. This integration will be a boost to GSTN as it will help in identifying the leakages with respect to non-issuance or misreporting of E-way bill.
National Electronic Toll Collection (FASTag) program, the flagship initiative of the Ministry of Road Transport & Highways, has been implemented pan-India, across National Highway toll plazas.
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