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Ola, Uber Rides Likely To Get Cheaper As Government Caps Surge Fares | Startup Street | CNBC Tv18

The government on November 27 capped the “surge price” asked by cab aggregators such as Ola and Uber in times of high demand to 1.5 times the base fare. It also restricted the discount offered by them to 50 percent of the base fare to limit fare volatility. Cab operators follow a dynamic pricing model wherein price of a ride automatically rises when demand outstrips supply within a fixed geographic area.#CNBCTV18 #BusinessNews #ShareMarketToday #Nifty #SensexCNBC-TV18 is India's No.1 Business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India's most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High Net Worth individuals, students and even homemakers but shares a distinct commonality in terms of their spirit of enterprise.For latest news and updates visit our Website: https://bit.ly/2YbpXBMSubscribe to our Channel: https://www.youtube.com/user/CNBCTV18Like us on Facebook: https://www.facebook.com/cnbctv18india/Follow us on Twitter: https://twitter.com/CNBCTV18News

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