Close Menu
Buzz NewsBuzz News
    Facebook X (Twitter) Instagram
    Trending
    • IT sector Q1 results: Muted quarterly earnings likely for India’s IT giants as deal momentum slows; mid-tier players to shine
    • Oracle stock surges: Hits record high on $30 billion cloud deal; revenue to flow from FY28
    • New strategic oil reserves planned! India looks to boost emergency stockpile of petroleum; aims to strengthen energy security
    • HDB Financial Services share price today: HDFC Bank subsidiary becomes 8th most valuable NBFC; market cap at Rs 70,200 crore
    • Cheer for middle class soon? After income tax relief, GST rates may come down on household items, say reports
    • Festive retail strategy: Brands go big on discounts; hope early season boosts sentiment
    • US plans ‘economic bunker buster’ bill: Will Donald Trump impose 500% tariff on countries importing oil from Russia? How it may impact India
    • Gold price prediction today: Where is gold rate headed in the near future what levels will it hit? Here’s the outlook
    • HDB Financial Services listing: Shares make strong market debut at 12.84% premium; open at Rs 835 on BSE, NSE
    • Stock market today: Nifty50 opens in green; BSE Sensex up over 200 points
    Buzz NewsBuzz News
    Wednesday, July 2
    • Home
    • Cryptocurrency
    • Investment Tips
    • Finance
    • Home Insurance
    • Market News
    • Life Insurance
    Buzz NewsBuzz News
    Home»Investment Tips»Government allows cab aggregators to hike peak-hour surge prices
    Investment Tips

    Government allows cab aggregators to hike peak-hour surge prices

    BuzzNewsBy BuzzNewsJuly 2, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Government allows cab aggregators to hike peak-hour surge prices
    Share
    Facebook Twitter LinkedIn Pinterest Email Telegram WhatsApp Copy Link

    Government allows cab aggregators to hike peak-hour surge prices

    NEW DELHI: The government on Tuesday gave more headroom to vehicle aggregators such as Uber, Ola, inDrive and Rapido on surge pricing. In a set of guidelines on ride-hailing services, the road transport ministry allowed aggregators to charge up to twice the base fare, as against 1.5 times earlier, while leaving the non-peak hour charges at not less than 50% of the base fare. States have been advised to adopt the revised guidelines within three months. The idea is to ensure that consumers are not burdened during periods of surge in traffic, while ensuring that aggregators do not undercut competition by offering steep discounts.On cancellation of a booking by a driver after accepting a journey on the app, a penalty of 10% of the fare, with a cap of Rs 100, will be imposed when the ride is cancelled without a specified reason. Such a penalty will be split between the driver and the aggregator. Similarly, when a passenger cancels a booking on the app, a similar fee will be collected.Aggregators have been mandated to ensure that drivers have health and term insurance of at least Rs 5 lakh and Rs 10 lakh, respectively.The new guidelines specify that state govts will notify the base fare for different categories of vehicles, including auto-rickshaws and bike taxis, which have been brought under the ambit of the policy. For example, while the base fare for taxi in Delhi and Mumbai are in the range of Rs 20-21 a km, in Pune it is Rs 18. In cases where the states have not fixed the base fare, aggregators have been asked to notify the base fare to the state govt.The guidelines specify no passenger will be charged for dead mileage, except when the distance for availing the ride is less than 3 km, and the fare will be charged only from the point of origin of the journey to the destination.For safety of passengers, the Centre has specified that the aggregator must ensure vehicle location and tracking devices (VLTDs) are installed in vehicles and the feed is received by it as well as linked to integrated command and control centre of the state govt.The aggregators will also conduct an annual refresher training. The guidelines also specified that drivers whose rating falls below five percentile from amongst all drivers in terms of duration of engagement with the aggregator, will compulsorily undergo refresher training every quarter. If such drivers fail to do so, they won’t be allowed to continue through the aggregator.

    aggregators cab government hike peakhour prices Surge
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleAir India Boeing 787 crash: What brought down AI 171 plane in Ahmedabad? Simulation puts focus on technical failure
    Next Article Top stocks to buy today: Stock recommendations for July 2, 2025 – check list
    BuzzNews
    • Website

    Related Posts

    IT sector Q1 results: Muted quarterly earnings likely for India’s IT giants as deal momentum slows; mid-tier players to shine

    July 2, 2025

    Oracle stock surges: Hits record high on $30 billion cloud deal; revenue to flow from FY28

    July 2, 2025

    New strategic oil reserves planned! India looks to boost emergency stockpile of petroleum; aims to strengthen energy security

    July 2, 2025

    Leave A Reply Cancel Reply

    Recent Posts

    IT sector Q1 results: Muted quarterly earnings likely for India’s IT giants as deal momentum slows; mid-tier players to shine

    July 2, 2025

    Oracle stock surges: Hits record high on $30 billion cloud deal; revenue to flow from FY28

    July 2, 2025

    New strategic oil reserves planned! India looks to boost emergency stockpile of petroleum; aims to strengthen energy security

    July 2, 2025

    HDB Financial Services share price today: HDFC Bank subsidiary becomes 8th most valuable NBFC; market cap at Rs 70,200 crore

    July 2, 2025

    Cheer for middle class soon? After income tax relief, GST rates may come down on household items, say reports

    July 2, 2025
    Our Picks

    Bitcoin Remains Above $60,000, Bittensor Becomes Top Gainer

    August 23, 2024

    Prospects For Cryptocurrency Development In South Asia

    August 23, 2024

    Trump announces The DeFiant Ones, a new cryptocurrency platform

    August 23, 2024

    Hackers use McDonald’s Instagram account to steal $700,000 in cryptocurrency scam

    August 22, 2024
    About

    Welcome to BuzzNews, your go-to source for the latest in insurance and finance news. Our mission is to provide you with accurate, timely, and insightful information to help you make informed decisions. From life insurance to personal finance, market news to investment tips, we cover a wide range of topics to keep you updated and knowledgeable.

    Popular Posts

    IT sector Q1 results: Muted quarterly earnings likely for India’s IT giants as deal momentum slows; mid-tier players to shine

    July 2, 2025

    Oracle stock surges: Hits record high on $30 billion cloud deal; revenue to flow from FY28

    July 2, 2025

    New strategic oil reserves planned! India looks to boost emergency stockpile of petroleum; aims to strengthen energy security

    July 2, 2025
    OUR CATEGOIRES
    • Cryptocurrency
    • Finance
    • Health Insurance
    • Home Insurance
    • Investment Tips
    • Life Insurance
    • Market News
    Copyright © 2024. BuzzNews. All Rights Reserved.
    • Sitemap
    • DMCA
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • About Us

    Type above and press Enter to search. Press Esc to cancel.