Indian government issues fresh guidelines for cab aggregators like Uber, Ola putting a cap on surge pricing – Business News , Firstpost

Prices of cab availing providers more likely to get decrease because the government issues new guidelines to cab aggregators.

The ministry of highway and Transport highways, India introduced new guidelines for cab aggregators by way of a notification launched on 26 November. The ministry issued the guidelines underneath the a part of Motor Vehicles (Amendment) Act, 2019, that states take note of earlier than issuing a license to state aggregators. The rules outline cab aggregators as digital mediators or marketplaces for passengers to attach with drivers for the intent of transportation.

“The city taxi fare indexed by WPI (Wholesale Price Index)for the current year shall be the base fare chargeable to customers availing aggregator service,” stated the guidelines issued by the ministry of highway and transport highways.

The cancellation charge is capped at 10 p.c of the entire fare, not exceeding Rs 100 for each customers and drivers. On the opposite hand, aggregators are allowed to cost fares which might be as much as 50 p.c decrease than the bottom fare. The fare can be divided in a ratio of 80 p.c to 20 p.c from driver to aggregator respectively. The most surge pricing may be at most 1.5 instances the bottom fare. There are situations of aggregator license being revoked like a violation of contractual obligations, ‘systemic failure’ to make sure the protection of riders & drivers, unjustified surge pricing, violation of security requirements, monetary inconsistencies to call a few.

A 24×7 management room needs to be arrange monitoring motion of autos always and ladies ought to have the choice to pool solely with feminine passengers.

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