Major toll plazas in Mumbai now on FASTag platform, Dahisar to go live soon

After Rajiv Gandhi Sea Link plaza and Vashi toll plaza, three more major toll plazas in – – Airoli, Mulund Eastern Express Way and Mulund (LBS Marg) — have gone live on National Payments Corporation of India’s (NPCI) platform. The toll plaza in Dahisar is currently working on implementing and is expected to go live soon.

is the first bank to integrate with the technology at plazas at Vashi, Airoli, Mulund Eastern Express Way, Mulund (LBS Marg) and Dahisar”, said in a statement. “The bank will continue to work closely with MEP Infrastructure, operator of the toll plazas, to bring in the best practices implemented at national highways,” it added.

The – Pune expressway toll plaza is already on the FASTag platform and has, recently, migrated to latest technological specifications. Currently, more than 720 toll plazas across the country are live on the FASTag platform.

FASTag is a device that employs radio frequency identification (RFID) technology for making toll payments directly while the vehicle is in motion. FASTag (RFID Tag) is attached on the windscreen of the vehicle and enables

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Canada pension board, Mitsui deals still on for commercial properties: RMZ

After a Rs 15,000-crore pact with Brookfield Asset Management, Bengaluru-based property developer RMZ could soon sign deals with Canada’s biggest pension fund manager Canada Pension Plan Investment Board (CPPIB) and Japan’s Mitsui for commercial properties.

Though both deals were supposed to get signed in March this year, they were delayed due to the lockdown and halting of international flights to and from the country.

RMZ and CPPIB were planning to sign a deal for the former’s Chennai assets and with Mitsui, RMZ wanted to ink a deal for its Bengaluru properties. Mitsui and CPPIB were looking to invest similar amounts — in the range of Rs 1,200-1,500 crore, reports said late last year.

According to Raj Menda, chairman of RMZ, the deal would be higher than what was originally planned and involves more cities than just Chennai and Bengaluru.

“The deals are very much on. They want to put more money. In fact, they want to invest in projects in whichever cities we enter,” said Menda.

“The amount may go up. Initially, it was meant for Chennai and Bengaluru but they may want to invest

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How you can reap the financial rewards from tax relief on your patents

SMEs are potentially missing out on a golden opportunity to financially benefit from their intellectual property. Leyton UK MD William Garvey explains.

Spending on R&D in the UK lags behind the rest of Europe. The most recent ONS figures revealed the UK had invested 1.69% on R&D as a proportion of GDP, falling well below the European Union (EU-28) provisional estimate of 2.07%.

The Government is keen to change this and has an ambitious target of 2.4% of spending by 2027. To encourage innovation it has set up tax relief schemes to boost investment. The R&D credit scheme has been around since 2000 and has achieved increasing awareness among SMEs. However there is far less awareness for another scheme, ‘the patent box’, with SMEs potentially missing out on a golden opportunity to benefit from their IP.

The Patent Box regime is an incentive aimed at attracting R&D investment leading to the creation and active management of patentable intellectual property (IP). Patent Box is in addition to the Research and Development (R&D) tax credit scheme and can be claimed simultaneously. The tax benefits are clear. It effectively allows qualifying companies to apply a 10% rate of corporation tax to all profits

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