Paytm Payments Bank barred from selling fresh FASTags
Thursday, 25 January 2024 Indian Highways Management Company (IHMCL), the arm of NHAI, has barred Paytm Payments Bank from issuing fresh FASTags and taking up new toll plazas due to non-compliance. IHMCL seeks a response from the bank on why it should not be penalized. The decision won't affect existing FASTag customers. Other entities may face similar action in the future.
India welcomes FY 2024-25, ushering in new rules from April 1, including reduced LPG cylinder prices and a revised tax regime. Taxpayers can now choose between old and new tax systems, while FASTag users must update KYC details to avoid disruptions. Meanwhile, essential medicines and car prices see marginal increases.
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