Name: Equity mutual fund inflows at 9 month high, debt fund outflows continue
Uploaded: 2023-03-10T16:42:02.000+05:30
Duration: T00M31S
Channel: Avni Raja
Description: Data from the Association of Mutual Funds of India reveal that equity fund inflows in February came in at a 9 month high of Rs 15,685 crore. On the other hand, outflows from debt funds continued in February.

Banks will remain closed for as many as 12 days, including the second and fourth Saturdays and all Sundays in the month

Bank holidays in March 2023: banks to be closed for 12 days

Banks will remain closed for as many as 12 days, including the second and fourth Saturdays and Sundays in the month. Here's the full list of bank holidays in March.&nbsp;

Banks will remain closed for as many as 12 days, including the second and fourth Saturdays and all Sundays in the month. However, online banking services will continue to be available.&nbsp; Here is the full list of bank holidays in March:
March 03&ndash; Chapchar Kut (Aizawl, Mizoram)
March 05&ndash; Banks will remain closed on Sunday
March 07&ndash; Holi/Holi (Second Day)/Holika Dahan/Dhulandi/Dol Jatra (Belapur, Dehradun, Guwahati, Hyderabad &ndash; Telangana, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, Panaji, Ranchi and Srinagar regions)
March 8: Bank holidays in some cities including Agartala, Ahmedabad, Aizawl, Bhopal, Bhubaneswar, Chandigarh, Dehradun and Gangtok.
March 09&ndash; Holi (Patna)
March 11&ndash; Second Saturday
March 12&ndash; Banks will remain closed on Sunday
March 19&ndash; Banks will remain closed on Sunday
March 22: Bank holidays in some cities including Belapur, Bengaluru, Chennai, Hyderabad, Imphal, Mumbai, Nagpur, Panaji and Patna.
March 25&ndash; Fourth Saturday
March 26&ndash; Banks will remain closed on Sunday
March 30: Bank holidays in some cities including Ahmedabad, Bhopal, Bhubaneswar, Chandigarh, Patna, Lucknow, Mumbai and Nagpur.

Lok Sabha has passed the Finance Bill 2023 that proposed a big change for debt mutual funds, whereby taxation benefits including long term capital gains and indexation benefit will no longer be available. 

Finance Bill 2023: Govt does away with taxation benefits for debt funds 

Lok Sabha has passed the Finance Bill 2023 that proposed a big change for debt mutual funds, whereby taxation benefits including long term capital gains and indexation benefit will no longer be available.&nbsp;

Lok Sabha on Friday passed the Finance Bill giving effect to tax proposals without debate. The proposal to remove the capital gains tax benefit given to debt mutual fund investors is also amended. According to the amendment, debt funds not having more than 35% invested in equity shares would be taxed at the income tax slab level. It will also be treated as a short term capital gain.&nbsp;
So far, debt mutual funds are treated as long-term investments if held for more than 3 years and taxed at the rate of 20% along with indexation benefits or 10% without indexation. (Indexation benefit is where the taxes are calculated accounting for inflation). For those with a holding period of less than 3 years, they are taxed according to their tax slab.
The changes, are also applicable for gold, international equity and even domestic equity fund of funds (FoFs). This will be applicable from April 1, 2023 and therefore, investors who want to take advantage before the proposed changes come into effect can do so before year-end.
Experts say that these proposals are a big negative for the mutual fund industry which will have to overhaul their debt portfolio. Meanwhile, banks are likely to see an increase in fixed deposit flows because there will be no added benefit of investing in debt funds versus FDs.&nbsp;&nbsp;

India's largest lender, State Bank of India has increased lending rates effective March 15th. The benchmarch prime lending rate (BPLR) and base rate have been hiked by 0.7%

Your EMIs set to go up as SBI hikes lending rates

India's largest lender, State Bank of India has increased lending rates effective March 15th. The benchmarch prime lending rate (BPLR) and base rate have been hiked by 0.7%

Get ready to pay more for your loan EMIs. India's largest lender, State bank of India has hiked lending rates by 70 basis points or 0.7%.&nbsp;
SBI has hiked its benchmark prime lending rates or BPLR by 0.7% to 14.85% from 14.15% currently. Loans linked to BPLR will now become more expensive.&nbsp; The bank has also hiked its base rate by 0.7% to 10.10%. The increased interest rates will be effective from Wednesday, March 15th.&nbsp; SBI last revised the rates in December 2022.&nbsp; This hike in lending rates by SBI comes ahead of RBI's credit policy meet in the first week of April. Given that retail inflation is still higher than RBI's comfort zone, experts say another repo rate hike is likely on the cards.&nbsp;
Other banks are also likely to follow suit and raise lending rates in the days to come.&nbsp;

Global Surfaces Ltd., a company that processes natural stones and creates tailored quartz, opened subscriptions for its initial public offering (IPO) on Monday, March 13, and it will run through Wednesday, March 15

Global Surfaces IPO opens today till March 15th 

Global Surfaces IPO opens today, will run through 15th March

Global Surfaces Ltd., a company that processes natural stones and creates tailored quartz, opened subscriptions for its initial public offering (IPO) on Monday, March 13, and it will run through till&nbsp; Wednesday, March 15

Subscriptions for the Global Surfaces Ltd IPO have opened today and will remain open until the 15th of March. The company, which processes natural stones and creates engineered quartz, had set its price band ₹133-140 per share.
The promoters, Mayank Shah and Sweta Shah, are selling up to 25.5 lakh equity shares through an offer for sale in addition to a new 85.20 lakh equity shares.
The money raised through the new issuance will go towards building the company's planned facility, Global Surfaces FZE, in Dubai.
&ldquo;In terms of financial performance, the company reported total revenue of ₹198 crore for the fiscal year ended March 31, 2022, reporting an after-tax net profit of ₹35 crore. For the six months period that ended September 30, 2022, the company has reported revenue of ₹99 crore and profit after tax of ₹13.6 crore. Manish Khanna, Co-Founder at Unlisted Assets, told Mint.&nbsp;
The company is expected to raise Rs 155 crore from the IPO at the upper end of the price band.

The iPhone 14 and 14 Plus are being offered at discounted prices as a part of Flipkart's Big Saving Days sale.

iPhone 14 and iPhone 14 Plus available at lucrative prices on Flipkart

The iPhone 14 and 14 Plus are being offered at discounted prices as a part of Flipkart's Big Saving Days sale.

The iPhone 14 and iPhone 14 Plus are available at discounted prices on Flipkart.
The iPhone 14 is being sold for ₹65,999, down from the original price of ₹79,900. The iPhone 14 Plus, on the other hand, is available for ₹73,999 instead of ₹89,900.
Users can avail even more discounts by trading in their old phones and using an ICICI Bank credit card. These are the best deals currently available for the latest iPhones.

Amid a boom in the real estate residential market, a survey finds that women make up a key homebuyer segment with 65% of women preferring to invest in real estate while just 8% favour gold as an investment. 

Gold loses lustre as women prefer investing in real estate, shows survey 

Amid a boom in the real estate residential market, a survey finds that women make up a key homebuyer segment with 65% of women preferring to invest in real estate while just 8% favour gold as an investment.&nbsp;

Women in India are increasingly favouring investing in real estate compared to other avenues. A recent survey by Anarock property consultants found that 65% of women homebuyers prefer to invest in real estate, followed by 20% favouring the stock market. Just 8% of women respondents prefer investing in gold and 7% prefer FDs.
The survey revealed that 77% of women homebuyers buy homes for end-use, while 23% buy for investment. This is a shift from the previous survey, which showed that 82% of women bought homes for end-use, and 18% for investment. The survey also shows that 83% of the women respondents were looking for homes priced above Rs 45 lakh. The sweet spot for 36% of women home seekers is the Rs 45-90 lakh budget range, while 27% prefer premium homes priced between Rs 90 lakh and Rs 1.5 Cr, and 20% prefer luxury homes priced above Rs 1.5 Cr.&nbsp;
There are several benefits that Indian women can avail of while buying real estate. This includes:&nbsp;
<ol>
<li>To avail homes under the government&rsquo;s Pradhan Mantri Awas Yojna (PMAY), homes have to be registered either in a woman&rsquo;s name or with a woman as co-owner.&nbsp;</li>
<li>Lower stamp duty: Stamp duty charges are lower if the property is registered in a woman's name. However, this benefit varies from state to state.&nbsp;</li>
<li>Many banks offer a lower interest rate for home loans to women.&nbsp;</li>
</ol>
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Sovereign Gold Bond Scheme is open for subscription between March 6th and 10th. Experts recommend having atleast 5%-10% of allocation towards gold as a hedge against inflation and to diversify one's portfolio. 

Sovereign Gold Bond Scheme is now open: Here's all you need to know 

Sovereign Gold Bond Scheme is open for subscription between March 6th and 10th. Experts recommend having atleast 5%-10% of allocation towards gold as a hedge against inflation and to diversify one's portfolio.&nbsp;

For those who are looking to include gold in their portfolio, Sovereign Gold Bonds could be a good addition. The scheme is now open for subscription.&nbsp;
SGBs were introduced in 2015, as part of the gold monetization scheme. It is essentially a substitute to holding physical gold. SGBs are government securities which are denominated in grams of gold. So, each unit is equal to one gram of gold.&nbsp;
The Sovereign Gold Bond Scheme 2022-23 &ndash; Series IV, will be open for subscription from March 6th to March 10th. The issue price has been fixed at Rs 5,611 per gram of gold, which is over Rs 200 more than the December issue price, which was Rs 5,409. However, for investors who apply online and pay digitally, there is a discount of Rs 50 per gram. Post discount, the issue price would be Rs 5,561 per gram.&nbsp; Here are some important points to keep in mind while investing in SGBs:&nbsp;
<ol>
<li>The minimum investment for the scheme is 1 gram while the maximum investment is 4 kgs for individuals per financial year.&nbsp;</li>
<li>The interest rates on SGBs is 2.5% per annum&nbsp;</li>
<li>Interest is credited on a semi-annual basis.&nbsp;</li>
<li>SGBs are sold through designated post offices, stock exchanges, as well as banks. They can also be purchased online at a discount of Rs 50 per gram.&nbsp;</li>
<li>The tenor of these gold bonds are 8 years, however, investors can make a premature redemption after the 5th year on the date when interest is payable.&nbsp;</li>
</ol>
There are a several benefits of investing in SGBs. Let&rsquo;s take a look at some of them.&nbsp;
<ol>
<li>Interest rate of 2.5% per annum is over and above the benefit of a rise in gold prices.</li>
<li>Even if gold prices fall, investors get the 2.5% interest, which physical gold doesn&rsquo;t give.&nbsp;</li>
<li>SGBs can be transferred, used as a collateral for loans and even traded on stock exchanges if they are in demat form.&nbsp;</li>
<li>SGBs are tax-free, unlike physical gold where GST is levied on purchasing.&nbsp;</li>
<li>On maturity, no capital gains tax is levied.&nbsp;</li>
<li>SGBs are guaranteed by the govt, hence the risks are very low.&nbsp;</li>
<li>SGB is like holding physical gold, without the hassle or risk of storage.&nbsp;</li>
</ol>
While there are a lot of benefits of investing in SGBs, there are some downsides too.&nbsp;
<ol>
<li>The long lock-in period of an SGB might be a deterrent for some investors.&nbsp;</li>
<li>If you redeem early, capital gains will be applicable.&nbsp;</li>
<li>There is always the risk of a fall in gold prices, but that is the case with physical gold as well.&nbsp;</li>
<li>The interest earned on SGBs is fully taxable.&nbsp;</li>
<li>Although SGBs are tradable on the exchanges (post 6 months of being issued), secondary market trading volumes are usually quite thin. &nbsp; &nbsp; &nbsp;</li>
</ol>
Experts recommend having atleast 5%-10% of allocation towards gold, as it provides a good hedge against inflation.&nbsp;
"SGBs are one of the best replacements for physical gold. It works best for individuals who are preparing for a future events like their children&rsquo;s weddings. Along with the MTM price, one can also earn interest at 2.50% per annum on the initial investment. For those who choose to incorporate gold in the portfolio, one should keep in mind that it should not exceed more than 10% of the portfolios", says Feroze Azeez, Deputy CEO, Anand Rathi Wealth.&nbsp;
&nbsp;
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Capital markets regulator SEBI has asked mutual fund companies to put on hold B-30 commissions, that is, an extra component in the expense ratio on new inflows from non-metros beyond the top 30 cities. 

SEBI stops small-town linked incentives for Mutual Funds 

Capital markets regulator SEBI has asked mutual fund companies to put on hold B-30 commissions, that is, an extra component in the expense ratio on new inflows from non-metros beyond the top 30 cities.&nbsp;

Capital markets regulator SEBI is concerned with the misuse of an incentive structure to bring in new mutual fund inflows from small towns or B-30 cities. Keeping this in mind, SEBI has asked mutual funds to put this B-30 incentive structure on hold until asset management companies are able to put in place a mechanism to stop its misuse.
SEBI had permitted mutual funds an additional component of expense ratio of 30 bps or 0.3% on new inflows from non-metros or B-30 cities. B-30 means 'beyond 30' or cities other than the top 30. Mutual funds then pass this additional amount on to distributors who bring in these flows. This was done to incentivise mutual fund flows from smaller towns.&nbsp;
The markets regulator observed that this incentive structure was being exploited by splitting transactions, churning investments and the method of calculating B-30 incentives. SEBI also pointed out that there is no proper mechanism in place to check the misuse of this structure.&nbsp;
However, SEBI has said that either the incentive structure will be restored with the necessary safeguards or a new mechanism will be put into place to incentivise flows from smaller towns.&nbsp;
&nbsp;

Banks are forced to offer inflation-beating deposit rates for a tenor ranging from 200 to 800 days as credit growth has been far outpacing deposit mobilization throughout this fiscal, leading to a funding crunch

Fixed deposit rates turn positive at 8% for the first time in many years

Banks are forced to offer inflation-beating deposit rates for a tenor ranging from 200 to 800 days as credit growth has been far outpacing deposit mobilization throughout this fiscal, leading to a funding crunch

Banks are forced to offer inflation-beating real interest rates on fixed deposits.
State-run banks are offering higher deposit rates, with the highest rate being offered by Punjab &amp; Sind Bank at 8-8.50 per cent.&nbsp;
These inflation-beating deposit rates are for a tenor ranging from 200 to 800 days as credit growth has been far outpacing deposit mobilization throughout this fiscal, leading to a funding crunch.
Even at the lowest 7 per cent, fixed deposit pricing is positive for customers because even after a surprise spurt in retail inflation for January at 6.52 per cent, the real rates are in the green.&nbsp;
The high rate offering also comes as banks have almost fully passed on the 250-bps hike in RBI rate since May last year to their borrowers, they've not been doing so for deposits, leading to a funding gap and forcing them to borrow from the market.&nbsp;
The nation's largest lender State Bank of India, is offering 7.10 per cent for the general public and a higher 7.60 per cent to senior citizens on an annualised basis for fixed deposits in the 400 days bucket.
On the other hand, the largest private sector lender HDFC Bank offers only 7 per cent to the general public and 7.50 per cent to senior citizen depositors for five years, while its immediate peer ICICI Bank gives 7 per cent for more than 15 months to retail and 7.5 per cent to senior citizens for over 15 months.&nbsp;

EPFO has introduced a new procedure by which employers and subscribers to jointly apply for higher pensions under the Employees’ Pension Scheme (EPS). This will enable employees to accumulate a larger corpus towards their pension. 

EPFO subscribers can opt for higher pension 

EPFO has introduced a new procedure by which employers and subscribers to jointly apply for higher pensions under the Employees&rsquo; Pension Scheme (EPS). This will enable employees to accumulate a larger corpus towards their pension.&nbsp;

The employee provident fund organisation (EPFO) has come out with a new procedure that allows opting for a higher pension. Employers and subscribers can jointly apply for higher pensions under the employees pension scheme. This mans, the employer-employee can jointly request the EPFO to deduct 8.33% of the actual monthly basic salary towards the pension scheme. This will ensure a larger pension corpus.&nbsp;
Who can avail this?&nbsp; 1) Employees who were members before September 1, 2014, and continued to be a member on or after that date&nbsp; 2) Employees and employers who had contributed on salary exceeding the wage ceiling of Rs 5,000 or Rs 6,500&nbsp; 3) Employees and employers who did not exercise the joint option in the previous window while being EPS members&nbsp;
The EPFO&rsquo;s new guidelines have been issued in compliance with Supreme Court's November 4, 2022 order. The deadline to apply for higher pension under EPS was March 3, 2023, as mandated by the Supreme Court judgement.&nbsp;

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Avalanche in Sonamarg

Data from the Association of Mutual Funds of India reveal that equity fund inflows in February came in at a 9 month high of Rs 15,685 crore. On the other hand, outflows from debt funds continued in February. 

Equity mutual fund inflows at 9 month high, debt fund outflows continue

Equity fund inflows in February came in at a 9 month high of Rs 15,685 crore. On the other hand, outflows from debt funds continued in February. The category witnessed outflows of Rs 13,815 crore for the month.  

Data from the Association of Mutual Funds of India reveal that equity fund inflows in February came in at a 9 month high of Rs 15,685 crore. On the other hand, outflows from debt funds continued in February.&nbsp;

Equity mutual fund inflows continued to surge in the month of February. Data from the Association of Mutual Funds of India (AMFI) shows net inflows into equity funds stood at Rs 15,685 crore, which is around 25% higher than the 12,546 crore equity fund inflows in January. This is the highest in the past 9 months.&nbsp; Within the equity funds, small cap funds continued to see strong inflows of Rs 2,246 crore, almost similar to the figure in January. Mid cap fund flows increased to Rs 1816 crore versus Rs 1628 crore in January.&nbsp;
Meanwhile, debt mutual funds continued to see outflows. For the month of February, debt fund outflows stood at Rs 13,815 crore. This is higher than the 10,316 crore outflows in January.&nbsp;
The total Assets Under Management (AUM) shrunk slightly and stood at Rs 39.46 lakh crore in February versus Rs 39.62 lakh crore in January.&nbsp;

The government has increased the securities transaction tax on options by 23.5% and futures by 25%

Finance Bill 2023: Govt hikes securities transaction tax on sale of F&O

The government has increased the securities transaction tax on options by 23.5% and futures by 25%

Government has hiked the securities transaction tax by 25% on the futures and options sale. The hike was introduced in the Finance Bill 2023.&nbsp;
The STT has been hiked by 23.5% on the sale of options and 25% on the sale of futures. As per the amendments, STT on the sale of options has been hiked to Rs 6,200 on a turnover of Rs 1 crore. On the sale of futures contracts, the STT has been hiked to Rs 1,250 on Rs 1 crore of turnover. Earlier the trader had to pay Rs 5,000 for options and Rs 1,000 for futures.&nbsp;
The new rules will come into effect from the new financial year 2023-24.&nbsp;
Besides the hike in STT, option traders also have another blow to deal with as the National Stock Exchange (NSE) has chosen to withdraw the Do Not Exercise (DNE) facility for those trading in the options segment from March 30
The Finance Bill 2023, with 64 official amendments was passed in Lok Sabha on Friday without discussion giving effect to tax proposals.

Taxpayers have until March 31st to file a revised income tax return for the fiscal year 2019-2020, also known as Assessment Year 2020-21

From ITR to PAN-Aadhar link: Here's the 'To-Do' list before March 31st

Taxpayers have until March 31st to file a revised income tax return for the fiscal year 2019-2020, also known as Assessment Year 2020-21

As the Financial year 2022-23 comes to an end, Editorji brings you a list of things which you need to finish before the March 31st: 1. PAN-Aadhaar Link: After repeatedly extended the window for linking PAN cards with Aadhaar, the final deadline is March 31, 2023. If the Aadhaar is not linked to the PAN by the deadline, then you will have to shell out Rs 1,000 as a a penalty and your PAN will become inoperative.&nbsp;
2. Updated ITR The last date for submitting the updated ITR for FY20 or assessment year 2020-21 (AY21) is March 31. The taxpayers must file the updated ITR if they omitted certain income details or made any error while filing the ITR in FY20. It can also be filed if the ITR was not filed in FY20 at all. 3. Advance tax payment&nbsp; According to the IT department, taxpayers must submit the final installment of the advance tax payment for the fiscal year 2022&ndash;2023 by March 15, 2023. If a taxpayer fails to make advance tax payments, they will be subject to penalties. The Income-Tax Act mandates that individuals with an anticipated tax liability of ₹10,000 or more after Tax Deducted at Source (TDS) deductions must make advance tax payments.
4. Tax-saving investments&nbsp; For the fiscal year 2022-23, taxpayers who have chosen the old tax regime must complete their tax-saving investments before March 31, 2023. The old tax regime allowed taxpayers to deduct various expenses related to their investments.&nbsp;
5. Nominee to your demat account: The deadline for adding a nominee to demat / trading accounts is 31st March 2023. Capital markets regulator SEBI warns that if investors miss out on appointing the nominee, their accounts will be frozen for debits. A nominee is someone who manages the account if something happens to the holder and must be added through NSDL's website using an OTP and VID/Aadhaar number. 
6. Lastly, the Pradhan Mantri Vaya Vandana Yojana (PMVVY) is an insurance policy-cum-pension scheme that provides senior citizens with regular income. Investments up to ₹15 lakh can be made by an individual in the scheme. The deadline for making investments in this plan is March 31, 2023.

SEBI's deadline for adding a nomination to demat accounts is 31st March 2023. Failure to comply will result in the account being frozen for debits. 


SEBI: Add Nominee to Demat account by 31st march or account would freeze 

SEBI's deadline for adding a nomination to demat accounts is 31st March 2023. Failure to comply will result in the account being frozen for debits.&nbsp;

The deadline for adding a nominee to demat accounts is 31st March 2023. Capital markets regulator SEBI warns that if investors miss out on appointing the nominee, their demat accounts will be frozen for debits. Earlier the last date for the nomination was March 31 2022. SEBI later extended the deadline by one year.&nbsp; Investors who open new demat or trading accounts, have the option of providing a nomination or opting out of nomination through a declaration form.&nbsp;
There will be no requirement of witnesses for filing of the nomination for trading or demat accounts, if the account holder has physically signed or e-signed the forms. However, a witness' signature will be required if a thumb impression has been used.&nbsp;
The existing investors who have not submitted their nominations choices yet can do so by way of two-factor authentication login on trading platforms for stock brokers or depository participants providing such service.
&nbsp;Steps to add nominee to demat account
Step 1: Login to your demat account
Step 2: Navigate to 'My nominees' under the profile segment and you will be redirected to the nominee details page
Step 3: You can chose 'add nominee' or 'opt-out'
Step 4: Fill the nominee details and upload ID proof of the nominee. After uploading the documents, enter the nominee share in 'percentage' you would like to assign to the nominee
Step 5: E-sign the document with Aadhaar OTP
&nbsp;

Capital markets regulator SEBI has issued a notification reminding investors to ensure their PAN and Aadhaar are linked by the 31st of March, failing which the PAN will be inactive.

SEBI's reminder for PAN-Aadhaar linkage by March 31st 

Capital markets regulator SEBI has issued a notification reminding investors to ensure their PAN and Aadhaar are linked by the 31st of March, failing which the PAN will be inoperative. 

Capital markets regulator SEBI has issued a notification reminding investors to ensure their PAN and Aadhaar are linked by the 31st of March, failing which the PAN will be inactive.&nbsp;

Capital markets regulator SEBI has asked all investors to ensure that the linking of PAN and Aadhaar is done before the 31st of March 2023. Any account that fails to do this, will become inopertive and will be considered non-KYC complaint.&nbsp;
In its notification, SEBI says that the PAN-Aadhaar linking must be done before March 31st, "for continual and smooth transactions in securities market and to avoid consequences of non -compliance with the said CBDT circular".&nbsp; The Central Board of Direct Taxes (CBDT) issued a circular in March 2022 which said the PAN allotted to a person would become inoperative if it is not linked with Aadhaar by March 31, 2023, and would be liable to all the consequences under the Income-tax Act, 1961, for not furnishing, intimating or quoting the PAN. 
&nbsp;
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The new increased rates of highway & expressway tolls could be implemented from April 1 after the approval of the Ministry of Road and Transport 

Toll tax at highways, expressways to become costlier from April 1?

The new increased rates of highway &amp; expressway tolls could be implemented from April 1 after the approval of the Ministry of Road and Transport&nbsp;

Planning a roadtrip in April? You might have to pay higher tolls on national highways and expressways. As per reports, National Highway Authority of India (NHAI) is preparing to increase the toll tax from April 1.&nbsp;
According to a report by ABP, the toll tax will increase by 5-10%. Cars and light vehicles will be charged an additional 5% per trip and the toll tax for heavy vehicles may increase by 10%.&nbsp;
The proposal for revised toll rates will be sent from NHAI&rsquo;s all Project Implementation Unit (PIU) by March 25.&nbsp;
Currently, the toll tax is being collected on the expressway at Rs 2.19 per kilometre.
The 135 km long, six-lane &lsquo;Eastern Peripheral Expressway&rsquo; and Delhi-Meerut Expressway will also witness a hike in toll rates. According to a report by the Mint, the monthly pass facility, a cheaper provision given to those residing in an area of 20 kilometers of the toll plaza, will also be increased by 10%.&nbsp; Last hike was in 2022, the toll tax range was hiked between 10 and 15%, increasing the tariff prices of all types of vehicles plying on national highways by Rs 10 to Rs 60.&nbsp;

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