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Govt Could Cap Uber And Ola’s Fee For Rides At 10%, Half Of Current Fees
In India, Uber and Ola have been battling finicky customers, taxi unions, inhospitable roads, and each other, but they might receive a serious blow to their bottom lines through an unlikely source — government regulations. The central government plans to cap the commission earned on rides by firms such as Uber and Ola to a maximum of 10% of the total fare in its upcoming rules for taxi aggregators, ET reported. This is the first time the government will be looking to...