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New Delhi, Nov 17 () The Centre is deputing officials across states for rollout of electronic toll collection at all NHAI toll plazas pan-India from December 1, 2019, according to a statement.
<p> December 1 onwards, toll payments will be only via FASTag under the National Electronic Toll Collection (NETC) programme, the flagship initiative of the Ministry of Road Transport and Highways (MoRTH).
</p><p> The programme is being implemented pan-India to remove bottlenecks and ensure seamless movement of traffic.
</p><p> However, the Centre has decided to keep one lane as hybrid lane which will accept FASTag as well as other modes of payment.
</p><p> Officials are being posted in states as Central Prabhari Officers (CPOs) for implementing the programme, the ministry said.
</p><p> These officials will "monitor the preparedness and ensure operation of 100 per cent e-tolling through FASTag" at toll plazas across states, it added.
</p><p> Under the NETC, toll collection at national highway toll plazas will done through RFID-based FASTags.
</p><p> "The implementation of 100 per cent ETC will start from December 1, 2019," the ministry said.
</p><p> Apart from monitoring the preparedness of the rollout, the officials will coordinate with the National Highways Authority of India (NHAI) in this connection, it added.
</p><p> Last month, Road Transport and Highways Minister Nitin Gadkari had said the country's toll revenue is likely to swell to Rs 1 lakh crore annually in the next five years on the back of initiatives like NETC.
</p><p> The minister said that of the total 1.4 lakh km highways under NHAI, 24,996 kms are currently under the toll ambit and this will increase to 27,000 kms by the year-end.
</p><p> Besides, the GST Council has accorded in-principle approval for integration of GST e-way bill system with FASTags and a pact has also been inked.
</p><p> As per the NHAI, in the existing system it has been observed that some transporters are doing multiple trips by generating a single e-way bill. Accordingly, an MoU was signed between the Indian Highways Management Committee Ltd and Goods and Services Tax Network.
</p><p> The integration of e-way bill system with FASTag is expected to help revenue authorities track the movement of vehicles and ensure that they are travelling to the same destination as the transporter/trader had specified while generating the e-way bill. The supplier/ transporter will also be able to track their vehicles through SMS alerts generated at each toll plaza.
</p><p> As far as FASTags are concerned, the National Payments Corporation of India (NPCI) is functioning as the Central Clearing House and 23 public and private sector banks are issuing these RFID-based tags for vehicles.
</p><p> A cashback of 2.5 per cent is being offered for 2019-20 in order to incentivise road users for usage of FASTag.
</p> According to the highways ministry, more than 6 million FASTags were issued till September, with overall cumulative ETC collection of over Rs 12,850 crore since inception.  NAM  ABM

Centre deputing officials in states for 100 pc electronic toll collection on NHs from Dec 1

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>REUTERS/Carlos Barria</span></p><p class="caption">Buy certified pre-owned and be OK with overpaying.</p></div><p></p></div></div></p><ul class="summary-list"><li>Young people are often advised to spend a relatively meager amount of money on their cars and are often discouraged from taking out longer-term loans.</li><li>That's bad advice - it's better to buy a high-quality certified pre-owned vehicle, pay if off on whatever schedule works for your budget, and keep it for 20 years.</li><li>One of the only ways to get financial benefits from a depreciating, yet necessary asset like a car is to buy once and own forever.</li></ul><p><br />It simply isn't true that millennials don't want to buy cars. Some members of this financially embattled generation might live in urban areas where car ownership isn't required. But plenty of others live in places where a car is a necessity.</p><p>At the moment, there's considerable fretting about the US auto market, <a href="https://www.businessinsider.com/auto-loan-delinquency-record-from-ny-fed-recession-worry-overblown-2019-2">much of it pointless</a>. Sales have been running at high levels, historically, since 2015, and the average cost of a new vehicle has been ticking up.</p><p>But that's due to more large SUV and pickup trucks being sold - big-ticket rides that many younger people aren't interested in.</p><p>Still, financial experts routinely recommend that millennials avoid buying more car than their station suggests they should, and they advise against taking out a longer-term loan. In the past, the typical new-car loan was five years, but as prices have moved north, six- and seven-year terms have become more prevalent.</p><p><em><strong>Read more:</strong> <a href="https://www.businessinsider.com/auto-loan-delinquency-record-from-ny-fed-recession-worry-overblown-2019-2">Everyone is suddenly worried out about the soaring number of Americans who are falling behind on their auto loans - but the freak-out makes no sense</a></em></p><p>The received wisdom, then, is for people in their 20s and early 30s to buy a fairly inexpensive, mass-market car, favoring used over new. Classic, right? Get a used Honda Civic. Pay less than $20,000. Do not finance it for more than five years.</p><p>I've been buying and selling cars for decades, and after giving the current situation some serious thought, I think the conventional wisdom is terrible.</p><h2>Here's why you should ignore the "good" advice</h2><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Mercedes</span></p><p class="caption">A Mercedes E-Class sedan.</p></div><p></p></div></div></p><p>The best deal for a millennial looking to buy a car, however, runs counter to "good" advice" - and required a pretty heavy duty commitment. But in the end, it should pay off, and I wish I had done in when I was younger (I say having worked my way through about ten vehicles). </p><p>Here's what you should do. Right now, because the US new-car market has been so robust, a lot of vehicles are coming off leases are being sold a "certified pre-owned" cars. They've been checked out by dealers, certified as excellent by the original manufacturer, have relatively low mileage, and enjoy a legitimate manufacturer's warranty.</p><p>I've bought CPOs before - my current personal car is a 2011 Toyota Prius. But here's the real trick: You want to go for a luxury CPO. </p><p>I did some quick searching in my area and came up with a CPO Mercedes-Benz E350 4Matic sedan for about $31,500. Less than 30,000 miles, and a blue exterior and a beige interior. Quite well equipped, including a premium sound system.</p><p>I ran the financing, assuming a $1,500 down payment at a 72-month loan at 4%. That got me under $500 a month on the payment.</p><p>That might seem steep. You could choose a $15,000 mass-market CPO or used car and get your payment under $250. So why should you pay twice as much? Why also accept higher insurance premiums and potentially more costly maintenance?</p><p>Enter the trick: You're going to keep the car for 20 years. </p><h2>Get ready for the pushback</h2><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span><a href="https://www.gettyimages.com/detail/news-photo/commuters-pass-through-grand-central-terminal-during-news-photo/56454003">Mario Tama/Getty Images</a></span></p><p class="caption">If you live in a big city, you might not need a car.</p></div><p></p></div></div></p><p>OK, I'm prepared for the pushback. Why a Mercedes? A Lexus is a safer bet for long-term ownership. True, but Mercedes are pretty well put together, and it's rather satisfying to own an older one - they simply age very well.</p><p>So you're 25 years old and you can barely afford this Merc. But you're going to press forward, pay it off after seven years, and then spend the next 13 enjoying a no-car-payment life while you scrupulously maintain your E-Class. Oil changes on schedule, brake jobs, tire rotation, wash it once a month, garage it if possible. </p><p>This will probably be your biggest monthly expense, but remember, you're thinking long-term. In fact, you're thinking about your next major financial life choice, which is buying a home at some point in your thirties. Let's say you do that at around 35. You'll have spent three years saving your $500-ish a month, giving your $18,000 for your down-payment.</p><p>I'm making the additional assumption that you'll be paired off with another millennial at this juncture, and that your partner will also have about $20,000 in down-payment savings. This means that you can consider purchasing a $200,000 starter home. Having no car loan on your side of the equation will benefit when you begin pursuing a mortgage - as will seven years of on-time payments. </p><h2>Invest in quality and invest early</h2><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>AP Images</span></p><p class="caption">Next up: Buying a home.</p></div><p></p></div></div></p><p>The critical move here is to invest in quality and invest early. You also have to invest in commitment. Because, obviously, your Mercedes will be your Mercedes for another decade after you buy the house. (Contrast that with spending a much smaller percentage of your monthly gross pay, probably on a quite cheap, old, and mistreated high-mileage used car - you'll be lucky to get five years of solid ownership before having to replace the vehicle.)</p><p>It gets better, though. Your monthly mortgage payment should be under $1,000, so because you've been socking away that former $500-a-month car payment for a few years, you're already "liquid" enough to handle half of it. If your partner also saved at that rate, the mortgage is, in a manner of speaking, free. </p><p>All because you "spent too much" on a car when you were 25. </p><p>I'll admit that this is all very back-of-the-envelope, and that the numbers won't apply for people who live in expensive parts of the country, have steep student-loan debt, or who aren't gainfully employed with incomes high enough to support my proposed plan.</p><p>But it's usually not a bad idea to buy the best that you can afford and hold onto it for as long as possible, over time making bank on the amortization of the early "over-investment." This plan for long-term car ownership is a classic example. A bit controversial, I'll admit. But I think it would work out well for a lot of today's twenty-somethings.</p><p class="tagline">This is an <keyword id="6356002" type="UNKNOWN" weightage="60" keywordseo="opinion">opinion</keyword> column. The thoughts expressed are those of the author.</p>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/tesla-elon-musk-whats-going-on-sec-layoffs-tweets-2019-3">Layoffs, SEC battles, and Elon Musk's tweets: 2019 looks like another chaotic year for Tesla</a></h3>        <div>                    </div>    </div>

Millennials should do this if they want to get a great deal on a car

<p class="source"><span><a href="http://pictures.reuters.com/C.aspx?VP3=SearchResult&amp;VBID=2C0BXZJVMBEQF&amp;SMLS=1&amp;RW=1452&amp;RH=901&amp;RW=1452&amp;RH=901#/SearchResult&amp;VBID=2C0BXZJVMBEQF&amp;SMLS=1&amp;RW=1452&amp;RH=901&amp;POPUPPN=1&amp;POPUPIID=2C0408WNYYMMG">REUTERS/Rick Wilking</a></span></p><p class="caption">Hiring and job searching as we know it will change dramatically.</p><ul class="summary-list"><li>Due to the coronavirus pandemic, companies are shifting gears dramatically when it comes to hiring, with two major trends emerging: businesses are either implementing immediate hiring freezes or fast-tracking key C-level roles.</li><li>With a looming recession, businesses across industries at a standstill, a steep dropoff in new job openings, and a rise in unemployment claims, six veteran recruiters reveal what will happen with hiring trends over the next weeks to months.</li><li>For the last few years it's been a job-seeker's market - that's no longer the case, so candidates should be prepared for a company-driven market where employers have greater leverage and where compensation takes a dip.</li><li>Those currently looking for new career opportunities should be patient and double the expected job-search timeline or stick it out with current employers until hiring picks up again.</li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary">Click here for more BI Prime stories.</a></li></ul><p>The current <a href="https://www.businessinsider.com/china-virus-everything-we-know-deadly-2019-ncov-wuhan-spread-2020-1">coronavirus</a> pandemic has had an immediate and unprecedented impact on the world and the global economy at large.</p><p>Given the <a href="https://markets.businessinsider.com/news/stocks/economic-outlook-us-already-in-coronavirus-recession-employment-forecast-ucla-2020-3-1029003617">predicted recession</a>, the staggering number of businesses that have been brought to a halt, the <a href="https://markets.businessinsider.com/news/stocks/job-openings-falling-sharply-coronavirus-shuts-down-economy-decline-decrease-2020-3-1029009440">steep dropoff in new job openings in the US</a>, and the <a href="https://markets.businessinsider.com/news/stocks/jobless-claims-preview-data-early-coronavirus-impact-labor-insurance-unemployment-2020-3-1029010357">rise of US unemployment claims</a>, Business Insider reached out to six veteran recruiters with dozens of years of experience combined - dating back to the Great Recession and earlier - and who have placed candidates across industries to share what they think hiring will look like over the next few months and what this new climate means for job seekers.</p><h1>The immediate trends: Hiring freezes and fast-tracking key executive roles</h1><p>In the short term, businesses are reacting to the pandemic by shifting gears dramatically, with two clear camps emerging - companies either implementing immediate hiring freezes or escalating hiring for key leadership roles, according to Claire Telling, the CEO of the marketing, media, and communications executive search firm <a href="https://graceblue.com/">Grace Blue Partnership</a> whose clients include Amazon, Coca-Cola, Ford, The New York Times, Ford, Spotify, and Lego.</p><p class="source"><span>Claire Telling</span></p><p class="caption">Claire Telling.</p><p>"Those companies with hiring freezes have adopted a short-term bunker mentality to see what plays out in the weeks ahead, before committing to increased staff costs," said Telling. </p><p>She noted that the businesses that have been the most impacted among her clients include those in the manufacturing, customer service, and retail industries, while she noted "stay-at-home industries" - that is, companies that will fare the best in the new stay-at-home economy such as Microsoft, Amazon, Netflix, Activision, and Zoom - are "doubling down on mission-critical leadership hires." That is, the positions they need in place right away, such as CEO roles and revenue-generating positions.</p><p>Other hiring veterans echoed seeing similar trends. Bryan Zawikowski, a recruiter with 25 years of experience and the vice president and general manager of the military-transition division for executive-recruiting firm <a href="https://www.lucasgroup.com/">Lucas Group</a> who has helped place candidates at global companies like Microsoft, 23andMe, Tesla, Stryker, and Honeywell, explained the reason for the dramatic change: "It isn't the coronavirus so much as it is economic uncertainty," he said.</p><p class="source"><span>Bryan Zawikowski</span></p><p class="caption">Bryan Zawikowski.</p><p>From his view, healthcare, food, and pharma companies are the few industries not currently affected, and he predicted all others will be affected in some way ("except maybe toilet paper manufacturers," he added).</p><p>Similar to Telling's take, Zawikowski shared that "urgent and essential hires," such as C-level roles that are essential to a company's operations, like CEOs, CFOs, and chief product officers (CPOs), will continue to be in demand.</p><p class="source"><span>Tom McGee</span></p><p class="caption">Tom McGee.</p><p>Some candidates with accepted offers, however, now have had these rescinded as a result of the current economic climate, said Tom McGee, the general manager of the sales and marketing division at <a href="https://www.lucasgroup.com/">Lucas Group</a>. McGee has 35 years of experience in recruiting and has placed candidates at global companies like True Value, Ashley Furniture, and Thomson Reuters.</p><p>Overall, it's "highly likely" that the job market will slow for the next two months, until there's more clarity on the pandemic and the state of the economy, said Telling.</p><h1>It's no longer a candidate's market - expect lower compensation packages and more competition</h1><p>Over the last few years it's been a candidate-driven market where job seekers have had the upper hand, but now those looking for new opportunities should mentally prepare for an employer-driven market, said Bob Prather, the CFO and general manager of the accounting and finance recruiting division for Lucas Group who transitioned to recruiting after working in finance roles for Ernst &amp; Young, Spectrum Brands, and more. Now candidates will have less leverage throughout the process and around compensation as job openings diminish.</p><p>Telling shared that candidates should be prepared for lower offers, particularly in industries struggling to avoid layoffs. </p><p class="source"><span>Bob Prather</span></p><p class="caption">Bob Prather.</p><p>"There may be instances where the base compensation you would normally expect to get will be a bit lower," she said, noting that candidates may be able to ask for stock options or other incentives to help round out the overall compensation package. Not only that, there will likely be more competition if predicted layoffs come to fruition. </p><h1>Also expect hiring process changes and delays. If you're actively looking for jobs, double your projected search timeline. </h1><p>In some instances, the overall hiring process could be delayed for several weeks - particularly as decision makers address their companies' immediate needs and chief talent officers handle the logistics of keeping team members safe - while for other companies it may be sped up for fast-tracked roles where the executive hiring process may close in under a month compared to the usual three-month timeline, said Telling.</p><p class="source"><span>Kerri McKinney</span></p><p class="caption">Kerri McKinney.</p><p>Part of the slowdown is because companies are taking the time to figure out what positions they can truly afford to hire and trying to predict what shifts in strategy they may need to make moving forward - particularly with the current emphasis on "remote work dominating the status quo for the moment," said Kerri McKinney, the director of global sourcing for <a href="https://terminal.io/">Terminal.io</a>, a remote engineering staffing company, who has over 10 years of experience in the recruiting industry, hiring for high-growth companies like Indeed, PayPal, and Amazon. </p><p>Given the general call for <a href="https://www.businessinsider.com/your-questions-about-social-distancing-during-the-coronavirus-answered">social distancing</a>, for interviews that aren't on hold almost all will be moved online, said Telling, something she predicted will be a trend for the foreseeable future. "So, get your technology ready for online meetings, and make sure to do a test run of what you look like on your laptop's camera before your next interview," she added.</p><p>And that's another reason for delays, as companies scramble to get videoconferencing in place and figure out how they can handle remote onboarding, said McGee. If you've never had a video interview before, he suggested practicing ahead of time.</p><p>McKinney advised that candidates secure a noise-free space, nice lighting, and a strong internet connection for <a href="https://www.businessinsider.com/how-to-do-a-video-job-interview-2016-3">virtual interviews</a>.</p><p>For those actively looking for roles, Zawikowski said that start dates originally planned for March and April may be pushed to May or June. Whatever your current projected job search timeline is, you should double it, he noted. "People need to understand it is going to take a lot longer than you think to land an opportunity," he explained.</p><h1>Be patient and ready to adapt, focus on companies most likely to survive a recession, and consider sticking with current employers</h1><p>"If you don't have to leave your job, don't. At least [not] for the next three to four months," said Zawikowski. Not only will there be delays in the process, if you do get a new job and the new company goes through layoffs, you will find yourself on the unfortunate end of the "last in, first out" practice common among many employers, where the most recent hires are let go first, he explained.</p><p>"At times like this, it's perfectly fine to put your career dreams on hold while you maintain a steady job," said Telling.</p><p>For those who plan to continue to look during this time, the recruiters Business Insider interviewed shared a variety of strategies for moving forward.</p><p>Many recruiters repeated the same advice: be patient, expect delays, and plan for changes.</p><p class="source"><span>Patrick Cahill</span></p><p class="caption">Patrick Cahill.</p><p>It's not personal, said Patrick Cahill, the founder of <a href="https://twonice.com/">#TwiceAsNice Recruiting</a> who created his company after 10 years of consulting for recruiters and has worked with hundreds of companies, including Schunk Group, Harpoon Brewery, and Mitsubishi Fuso. The fact is, companies are figuring out the impact of the pandemic in real time, he added. He recommended focusing on seeking out companies that might see growth during this time, such as those that support remote working or virtual learning. </p><p>To get a feel for how companies are being impacted, he suggested checking out the news sections of company websites as well as their social media posts and other public announcements. </p><p>Look at the roles "recession-proof" companies, such as those mentioned earlier, are hiring, said Telling, "so you are prepared to jump immediately when you see the right job posted." She also suggested candidates become more flexible about what types of roles to consider - including freelancing and contract work, which "will certainly see an increase," and ensure resumes are up to date and references are on hand to be ready to apply when potential opportunities arise. </p><p>Given the new mandate for remote working across so many companies, there will be a new focus on looking for candidates who can be successful in autonomous working environments, said McKinney. "Employee experience in remote work may soon become more of a requirement than a 'nice-to-have,'" she said. To stand out, highlight your unique skill set and experiences that demonstrate self-motivation and strong communication skills, she added.</p><p>Many recruiters suggested candidates focus on maintaining their mental and physical health during this time, to be ready for the next career opportunity when hiring picks up. </p><h1>How to follow up with recruiters if you're in the job search process</h1><p>If you've spoken to companies about roles and you expect to move forward in the process, Cahill suggested sending an email checking in on how current events are affecting the company's hiring timeline to set expectations. This could alleviate anxiety for candidates and won't come across as too pushy, he added.</p><p>McGee shared that this is a good time for candidates to take stock as well. Ask questions like, "Are the companies I'm interviewing at financially stable?" "Do they have a plan to handle the coronavirus pandemic and unstable market?" "How did they fare during the last recession?" </p><h1>How long will hiring be in a state of flux? That's anyone's guess.</h1><p>Given the current state of the pace of change due to the global pandemic and how businesses are shifting as a result, Telling shared that she expects her views on these trends to change in the weeks ahead, given there are no clear market indicators for what might happen next week, let alone the next month. That said, she noted that the companies she works with are anxious to resume hiring as normal - as soon as they're financially able. </p><p>Zawikowski, who weathered recruiting during the Great Recession's hiring downturn, said, "although it has been reported that some companies are over leveraged, the financial aspects of this coming recession do not appear to be nearly as significant as the crisis that exacerbated the depth and length of the 2008 to 2009 recession, in addition to [the] 'slow-motion' recovery" that followed.</p><p>For Cahill the big question is: How long will this coronavirus-related disruption affect businesses for? The further the disruption, he explained, the further hiring for new roles will be pushed back. "We just don't know enough to truly predict where we'll be in a month or two," he said.</p>            <h3>NOW WATCH: <a href="https://www.businessinsider.com/how-to-prep-for-self-quarantine-coronavirus-preppers-network-2020-3">Head of NYC Prepper's Network explains how to prepare for a self-quarantine</a></h3>

Recruiters who've worked with companies like Amazon, Microsoft, and PayPal reveal how job seekers can prepare for the worst as the pandemic changes how companies hire

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Centre deputing officials in states for 100 pc electronic toll collection on NHs from Dec 1

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Millennials should do this if they want to get a great deal on a car

Matthew DeBord

Recruiters who've worked with companies like Amazon, Microsoft, and PayPal reveal how job seekers can prepare for the worst as the pandemic changes how companies hire

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