Explanation:

FASTag

National Highways Authority of India has rolled out a cashless payment system FASTag at fee plazas on national highways.

• It offers near non stop movement of vehicles through fee plazas and convenience of cashless payment of toll fee with nationwide interoperable Electronic Fee Collection Service.
• As per the joint study report 2011-2012 carried out by Transport Corp of India and IIM Kolkata estimated annual cost of delay to Indian economy was INR 27000 crore each year.
• FASTag is operational on 335 fee plazas on national highways across the nation and saves time, cash and fuel.