Market Watch

Toll tax across all National Highways suspended till November 11

09 November 2016 - 05:37 PM

In wake of decision to ban Rs. 500 and Rs. 1000 bank notes, Government has suspended the payment of Toll Taxes across all National Highways to ensure smooth passage of traffic. Union Minister of Road Transport & Highways Nitin Gadkari said that toll taxes have been suspended across all National Highways till midnight of November 11.
 
 
“It has been decided to suspend Toll across all National Highways till midnight of 11th November to facilitate smooth traffic movement,” he said.
 
Chidambaram’s comments come after Prime Minister Narendra Modi declared Rs. 1000 and Rs. 500 bank notes as illegal denominations in a bid to curb black money in the country on Tuesday evening. During his sudden address to the nation, the Prime Minister had also said that all banks will remain closed only tomorrow while some ATMs will be shut for two days. To avoid the chaos in common public, the government is taking up several measures and suspension of toll tax is one of them.