NHAI Lost Toll worth Rs 1,238 Cr due to Demonetisation

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 The average toll collection per day is Rs 51.59 crore
from the fee plazas under NHAI, which is not accruing
to the Government with effect from November 9, 2016.

Serious Study Report by: Harbans S Nagokay

Jammu, December 1
As Expected ‘ONE-AFTER-ANOTHER, TOUGH TESTS’ for PM Modi’s Government! Today; on 1st ‘PAY-DAY’ after the currency demonetisation; when some banks are disbursing only Rs 5,000 per person while those having better cash availability are offering Rs 10,000 or Rs 12,000 per withdrawal. Government of India, still permitted the conditional use of old currency notes of Rs. 500/- at Toll Plazas till December, 15th 2016. However, The National Highway Authority of India would suffer an income loss of Rs 1,238 crore due to suspension of toll collection on highways till December 2 post demonetisation, Parliament was informed today.Post demonetisation of currency notes of Rs 500 and Rs 1000, government has suspended user fee collection on National Highways with effect from November 9, 2016 (17:30 hrs), Minister of State for Road Transport and Highways P Radhakrishnan said in a written reply to Lok Sabha.
NHAI issued necessary instructions to concessionaries, including BOT, OMT operators, and the commuters have been allowed to travel through the user fee plazas without paying any fee from November 9, 2016 (17:30 hrs) to December 2 (midnight), he added.The average toll collection per day is Rs 51.59 crore from the fee plazas under NHAI, which is not accruing to the Government with effect from November 9, 2016 (17:30 hrs),” the Minister informed the House.
The government had announced its decision to keep the toll collection in abeyance till November 11 mid-night, which was later extended to November 14, 18, 24 and later to December 2. Then, today again; on 1stSalary-Day, in the times of demonetisation, which is otherwise a big test for Modi government in first week of December, and this salary week will though test Modi government’s ability to ensure cash flow and avoid chaos. And, in order to ensure proper ease for public, Government in fact applied every possible effort from deploying army choppers to opening additional counters in banks, the government and the Reserve Bank of India are taking several measures to fight the cash chaos.
Though! Opposition leaders keep on criticising the Govt. saying ‘More than three weeks since Prime Minister Narendra Modiannounced demonetisation of Rs 500 and Rs 1000 currency notes, there has been no let-up in the chaos and confusion surrounding the sudden decision.The government is now staring at another challenge as banks are expecting a huge rush in the first week of December following the salary day. At big cities, Indian Army choppers have been deployed to ensure cash reaches metros and Tier-2 cities. Further, banks have been instructed to open additional counters to meet the huge surge in demand for cash.The Reserve Bank of India’s first priority is to meet the cash shortage in banks ahead of withdrawal of money by the salaried class. Branches are compelled to resort to rationing because of cash shortage and it is difficult to meet the withdrawal limit of Rs 24,000 per person set by the Reserve Bank, said a senior public sector bank official.
Yes! making matters worse, a large number of ATMs are still dry even 24 days after the government scrapped 500 and 1,000 rupee notes earlier this month to crack down on black money.Despite recalibration of nearly 80 per cent of ATMs do not have cash, while people are struggling with the problem of change as the operational ones dispense mostly high denomination Rs 2,000 notes. However, according to top government official claimed that special efforts are being made to pump in additional cash into banks to meet the heavy demand for currency notes on account of salary withdrawal but situation on the ground is still a far cry.RBI Governor Urjit Patel had earlier said the central bank is monitoring the situation on a daily basis and taking all necessary actions to “ease the genuine pain of citizens” with a clear intent to normalise the things as early as possible.
By all said and done; near Chandigarh where about 13 Hours in Line at Bank, Then A Sleepover, Finally He Got Rs. 10,000; Jammu-in fact, witnessed not so much of rush or chaos, and one local leader of employees federation told that this might be due to the reasons; for the past about two years, the government has failed to release the salary of above 60,000 casual and need-based workers working in various state government departments.

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