Karnataka to Uber, Ola: Get licence or go off roads

May 30, 2016 08:48

Karnataka has directed taxi aggregators such as Uber and Ola to stop operations in the state until they secure a licence from the government, triggering sharp reactions from the corporate world.

Getting a licence would mean no more surge pricing, complying with the maximum fares fixed by the government periodically and registering with local transport authorities.

"If they have made some new rules for taxi aggregation, and the rules are reasonable without putting liabilities, it is fine. But they must not stop the business. Stopping the business means Bengaluru earning a bad name globally," said T V Mohandas Pai, chairman of venture capital firm Aarin Capital and a prominent business leader of the city, adding, "The Siddaramaiah government will be seen as anti-innovation and anti-technology."

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