• About
  • Contact
Tuesday, April 13, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

Transport Ministry Issues Regulatory Guidelines For Ola, Uber & Limits Surge Pricing

Pritish raj by Pritish raj
November 27, 2020
in News
2 min read
0
Ola Uber Demands- Next Big Brand

Ola Uber Demands- Next Big Brand

Share on FacebookShare on Twitter

Fresh guidelines have been released by the Union Road Transport and Highway Ministry to govern cab aggregators such as Ola and Uber and also to put a cap on surge pricing, meeting the frequent demands of users of all such mobility aggregators.

According to the rules, the driver of a vehicle attached to an aggregator shall receive at least 80% of the fare available for each journey and the aggregator shall receive the remaining fee for each journey. The guidelines further added that a fare 50 percent lower than the base fare and a maximum surge price of 1.5X of the base fare will be allowed to be paid by the aggregator.

It is expected that the new guidelines will address daily problems faced by riders who have complained about higher surge rates and lack of enforcement for cab aggregators.

A charge of 10 percent of the total fare not exceeding Rs 100 was set for both riders and drivers in the event of a cancellation of a trip when a cancellation is made without a legitimate reason as stated by the aggregator on its website and the app.

In its press release, the key objective of the new guidelines is to govern shared mobility and reduce traffic congestion and pollution, as well as to provide ease of doing business, consumer safety, and driver welfare, the ministry said.

It should be noted that the Ministry of Transport has already amended the Motor Vehicles Act, 1988 by the Motor Vehicles Amendment Act, 2019 to include the term ‘aggregator’ definition. The amended act describes aggregators as digital intermediaries between passengers and transportation drivers or as marketplaces.

New regulation for a ride-sharing model has also been published by the Ministry, in which a maximum of four ride-sharing intra-city trips per day and a maximum of 2 ride-sharing inter-city trips per week are approved for a vehicle attached to an aggregator.

Since the Covid-19 pandemic struck India, Ola and Uber’s ridesharing and carpooling models have been seriously impacted.

Aggregators are also guided to have the data generated on their app stored on a server in India to ensure data localization. Following the new Guideline, the data stored shall be stored for a minimum duration of 3 months and a maximum period of 24 months from the date on which such data is produced and shall be made available to the State Government per due process of law.

Previous Post

Net Revenue Of SUGAR Cosmetics Crossed Rs.100 Crore In FY20

Next Post

Bezos & Ambani Battle For Supermacy In The Retail Space Of India

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Urban Company is All Set to Join Unicorn Club with Latest Funding-raise
News

Urban Company is All Set to Join Unicorn Club with Latest Funding-raise

April 12, 2021
Nykaa Acquires Jewellery Brand Pipa Bella
Industries

Nykaa Acquires Jewellery Brand Pipa Bella

April 12, 2021
Byju’s has Raised $1 Billion from B Capital, Baron, and XN: Reports
Internet

Byju’s has Raised $1 Billion from B Capital, Baron, and XN: Reports

April 11, 2021
Jeff Bezos to Step Down as CEO of Amazon Later This Year
Industries

Here is the List of Top 10 Richest Persons in the World of 2021

April 9, 2021
Industries

Nike is the Undisputed King among Apparel Brands: Brand Finance Study

April 9, 2021
Gupshup Raises $100 Million, Joins Unicorn Club
Media

Gupshup Raises $100 Million, Joins Unicorn Club

April 8, 2021
Next Post
Bezos & Ambani Battle For Supermacy In The Retail Space Of India

Bezos & Ambani Battle For Supermacy In The Retail Space Of India

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

JOHNSON & JOHNSON office

Johnson & Johnson Baby Shampoo under Scrutiny for Failing Tests

2 years ago
ALTBalaji Viewership- Next Big Brand

Going hyper-local, ALTBalaji averages 9000 daily subscriber addition in Q2 FY21

5 months ago
Kanika Tekriwal: Flying High with her Private Aviation Startup JetSetGo

Kanika Tekriwal: Flying High with her Private Aviation Startup JetSetGo

1 month ago
Media & distribution of RIL - Next Big Brand

Media & Distribution Business of RIL To Be Merged into Network 18

1 year ago

FOLLOW US

  • 33.5k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Urban Company is All Set to Join Unicorn Club with Latest Funding-raise
  • Nykaa Acquires Jewellery Brand Pipa Bella
  • Byju’s has Raised $1 Billion from B Capital, Baron, and XN: Reports

Instagram

Follow Me!

Latest News

Urban Company is All Set to Join Unicorn Club with Latest Funding-raise

Urban Company is All Set to Join Unicorn Club with Latest Funding-raise

April 12, 2021
Nykaa Acquires Jewellery Brand Pipa Bella

Nykaa Acquires Jewellery Brand Pipa Bella

April 12, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.