The costs that Ola and Uber inflict on the financial and physical health of their driver-owners, road space and safety and city transport infrastructure are too significant to be left to Silicon Valley-based venture capitalists.
While online taxi companies may simply be reproducing old exploitative structures, the question that seems to have been forgotten is: What kind of public and private transportation system does India want?
The explosion of monetary incentives and subsidies triggered a gold rush. With that coming to an end, are Uber and Ola simply reproducing old exploited and informal labour markets?
Not only is the Indian legal framework not equipped to deal with potential privacy violations arising from ever-present CCTVs, we also don’t know if it will actually reduce crime.
While addressing the issue of surge pricing, the court observed that while taxi aggregators like Ola and Uber reduce the pressure on public transport, “a uniform policy must be devised” for regulating them.
Old and new economy businesses have different ways of gaining some form of monopoly in a product or a service value chain. It remains incumbent on the government to regulate this through appropriate and suitable regulatory mechanisms.
The former Google executive’s decision to leave the Japanese tech giant comes at a time when it has made a $10 billion investment foray in the country
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Will the company take us to the promised land, where rides are fairly priced and available in abundance?
As autorickshaw unions threaten to stage protests and as Delhi starts the odd-even scheme again, Uber backs down.
Widespread disruption in the world of business has caused 70% of companies on the Fortune 1000 list to fall off the map since 2013. New entrepreneurs are emerging from nowhere to become dominant players.