Business

Drivers' strike losing steam, cab availability increases

The strike called by drivers of Ola and Uber against "low" fares and "lack" of basic amenities has started losing steam as cab availability increased in the Delhi-NCR today.

However, Sarvodaya Drivers Association of Delhi (SDAD), which claims to represent 1.5 lakh of drivers, said his union members are still on strike which had begun on February 10.

As their strike entered its 10th day, SDAD vice-president Ravi Rathore has hinted at calling off strike in next one or two days.

"There may be a meeting of union members tomorrow where we will announce our next step. Due to strike, drivers are facing financial problem," Rathore said.

Rathore is still at RML Hospital where was was admitted on Thursday after his condition had deteriorated following a hunger strike February 10.

Association members also rued lack of basic amenities like insurance and medical covers to the drivers engaged with these app-based cab services.

Meanwhile, cabs were easily available on Uber and Ola's apps throughout the day following which commuters did not face any problem in hiring taxis.

Thousands of drivers are on strike since February 10 in Delhi-NCR demanding an increase in fares from the existing Rs 6 per km and also want removal of the 25 per cent commission these cab aggregators charge on every booking.

ADB cuts India's GDP growth forecast to seven per cent for FY20

Asian Development Bank on weekday lowered India's GDP growth forecast to seven per cent for the present year on the rear of financial inadequacy issue...

Sensex drops over a hundred points; affirmative Bank plunges over ten per cent

Domestic equity benchmark BSE Sensex born over a hundred points in early trade on Thursday light-emitting diode by significant sales event in affirmat...

Allahabad bank reports Rs 688.27 large integer fraud

Allahabad Bank on Wednesday according a fraud of Rs 688.27 large integer by a Ludhiana-based textile company.A few days back the bank had according a ...

Government extends 15th Finance Commission's term

The government on Wednesday extended the 15th Finance Commission's term by a month till November 30, and broadened the ambit of its recommendation to ...