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Delhi government’s new “City Taxi Scheme” allows app-based taxi-aggregators to operate legally

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New Delhi: In yet another attempt to allow app-based taxi-aggregators to operate under legal framework, the Delhi government has introduced a new “City Taxi Scheme”.

Photo: www.buzzparas.com
Photo: www.buzzparas.com

According to the report published in Economic Times, the present scheme amalgamates various existing schemes for radio taxis and economy taxis and is believed to be an improvement over a previous scheme.

The ET report quotes a government official as saying: “The rules this time have been fine tuned and improved upon for all taxi service providers. The scheme should be operational in the next couple of days, once the minutes of the (transport) authority (meeting) are released.”

One of the hallmark improvements in this scheme is its doing away with the requirement of setting up of centralized control rooms by the taxi operators that was opposed by many taxi operators.

The scheme will not be applicable to “black and yellow” taxis and those taxis under “All India Tourist Permit” that operate on long distance routes.

The scheme has further made provision for the inclusion of small cars like Tata Nano and Mehendra’s Reva in cab operations. The scheme has also stipulated a cap of 2500 taxis per operator and the operators are to implement government decided fare structure.

In December, the state transport department had made changes to radio taxi scheme’s rules, with an intention to bring app-based taxi operators under the legal framework, but was rejected by app companies who had refused to register themselves into the scheme.

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Uber’s Self-driving Unit Gets $1 bn Investment

According to market sources, the company may provide a price range for its shares later in April and would go public in May

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Photo shows an exterior view of the headquarters of Uber in San Francisco. (VOA)

The self driving unit of global ride-sharing major Uber has announced a $1 billion investment from Japanese conglomerate SoftBanks Vision Fund, car manufacturer Toyota and automotive component supplier Denso.

“Excited to announce Toyota, Denso and the SoftBank Vision Fund are making a $1 billion investment in Uber, as we work together towards the future of mobility,” Uber CEO, Dara Khosrowshahi tweeted late on Thursday.

Toyota and Japanese auto-parts supplier Denso will together invest $667 million, while Softbank’s Vision Fund will invest $333 million. SoftBank is already Uber’s largest shareholder, the CNBC reported.

Car maker Toyota invested $500 million in Uber in August 2018 when the two companies announced their intention to bring pilot-scale deployments of automated Toyota Sienna-based ridesharing vehicles to the Uber ridesharing network in 2021.

Uber app.

Uber officially filed its IPO process last week with the public filing of its prospectus. It would be listed on the New York Stock Exchange (NYSE) under the symbol “UBER”.

“We have incurred significant losses since inception, including in the United States and other major markets. We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability,” the company had said in the “S-1” form or the IPO Prospectus submitted to the Securities and Exchange Commission.

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The company noted that as of December 31, 2018, it had 91 million or 9.1 crore monthly active platform users. There were 3.9 million or 39 lakh drivers on the platform by the end of 2018.

According to market sources, the company may provide a price range for its shares later in April and would go public in May. (IANS)