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India has postponed a planned increase in road toll charges, providing relief to millions of drivers, truckers, and businesses just ahead of a crucial general election. The proposed annual toll hike would have primarily benefitted highway operators like IRB Infrastructure Developers and Ashok Buildcon Ltd, while potentially burdening commuters and enterprises with higher freight costs.
Citing permission from the Election Commission, a senior official at the National Highways Authority of India disclosed the decision to defer the revision of toll rates slated for April 1. With the upcoming general election scheduled in seven phases from April to June, Prime Minister Narendra Modi's coalition seeks a favorable outcome against a formidable opposition alliance.
Amidst criticisms from opposition parties and commuters, who highlighted the cumulative impact of toll hikes and rising fuel prices under Modi's tenure, the government justifies such measures as necessary for funding national highway expansion. Additionally, the Election Commission has approved a halt in the proposed annual electricity tariff hike until the election process concludes.
India's toll collections have witnessed a substantial increase, reaching over 540 billion rupees in the 2022/23 fiscal year, attributed to growing road traffic and infrastructure development.