1. Road Ministry proposes coupons as new currency at toll plazas

Road Ministry proposes coupons as new currency at toll plazas

The Road Transport & Highways Ministry has come out with the proposal to introduce high security coupons of denominations starting from Rs 5 to Rs 100 to serve as currency for toll on national highways.

By: | New Delhi | Updated: December 1, 2016 7:21 AM
The toll collection was stopped by the government after its decision to accept the banned high-valued notes at toll plazas created chaos in the absence of adequate change. (PTI) The toll collection was stopped by the government after its decision to accept the banned high-valued notes at toll plazas created chaos in the absence of adequate change. (PTI)

The Road Transport & Highways Ministry has come out with the proposal to introduce high security coupons of denominations starting from Rs 5 to Rs 100 to serve as currency for toll on national highways and for return as change to two-wheelers after toll deduction. Suggestion comes days government’s decision not to extend toll exemption on national highways after December 2.

The toll collection was stopped by the government after its decision to accept the banned high-valued notes at toll plazas created chaos in the absence of adequate change, causing traffic snarls. Next day after the announcement on demonetisation by Prime Minister Narendra Modi, The Centre announced toll exemption until midnight of November 11 but later extended it to November 14, 18 and 24 and then to December 2.

As per ‘The Indian Express’ report, the ministry has proposed that coupons of denominations Rs 5, 10, 50 and 100 be issued at main toll plazas which motorists could buy and hand over at around 400 toll plazas, as the returning change to toll payers would still be a daunting task due to shortage of lower denomination currencies .

Toll collectors will have to accept these coupons and would have the right to hand coupons as change to highway users.

These coupons could be bought against banned Rs 500 notes that are valid for toll payment. But, the ministry is seeking exemption for use of the old Rs 500 note and therefore, the proposed coupons for paying toll till the end of this year. The current deadline for accepting old Rs 500 for toll is until midnight of December 15.

For the safety measure, these coupons would have security features like hologram, bar codes with the NHAI logo and serial numbers like those on new currencies to avoid duplication or printing of fakes.

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