India puts on hold proposed hike in road toll charges as elections approach
NEW DELHI, April 1 (Reuters) – India on Monday put on hold a proposed hike in road toll charges, in a move that will be welcomed by millions of motorists, truckers and commercial vehicle owners just ahead of a general election. The annual hike in road toll charges would have benefited highway operators like IRB Infrastructure Developers, opens new tab and Ashok Buildcon Ltd (ABDL.NS), opens new tab while putting an extra burden on commuters and businesses who could see freight rates rise as a result. “The revision of user fee (toll) rates with effect from April 1 has been