Is there an investment opportunity in PSP Projects shares?

Is this the right time to invest in the shares of PSP Projects, a company that does construction work for the government and corporate India? How much benefit will there be from investing in this stock? What targets are experts giving regarding this stock? Watch this video to know-

  • Last Updated : April 26, 2024, 15:10 IST
Mumbai Taxi

Auto and taxi are still the widely used mode of transport even after getting tough competition from online cab aggregators. But, the cost is rising everywhere. Petrol-diesel prices are sky-high, LPG cylinder became expensive by Rs 25. Now, the fare of CNG-run auto and taxi has also increased in Mumbai on Monday.

The new fares for CNG-run auto-rickshaws and taxis, has increased by Rs 3 each in minimum rates, came into force in Mumbai on Monday, officials said. The Mumbai Metropolitan Region has around 60,000 taxis and 4.6 lakh auto-rickshaws, including some petrol-run vehicles.

The minimum fare for a distance of 1.5 km for taxis has increased from Rs 22 to Rs 25, while for the auto-rickshaws it has gone up from Rs 18 to Rs 21, RTO officials said.

Beyond this flag-down minimum distance, passengers will have to pay Rs 16.93 per km for taxis and Rs 14.20 per km for auto-rickshaws, they said.

The decision for the minimum fare hike by Rs 3 was taken last week in a meeting of the Mumbai Metropolitan Region Transport Authority (MMRTA) which was chaired by the Maharashtra transport secretary.

The fare increase has been calculated as per a formula devised by the four-member Khatua panel, and it entails a hike of Rs 2.09 per km for taxis and Rs 2.01 for auto-rickshaws, the officials said.

Let us see the taxi fares in other cities:

Delhi is charging a minimum of Rs. 25  and 25% extra on minimum night fare whereas the per kilometre cost is Rs 14 after a predetermined distance of minimum fare.

Kolkata charges a minimum of Rs 25 and then 12per/km post the determined distance. Chennai too has the basic fare of 25 and charges 12per/km after flagged down the distance.

Bangalore is costly in comparison to other cities. It charges you a minimum of Rs 25 but then the extra kilometer cost is Rs 19.50.

Published: March 1, 2021, 19:36 IST
Exit mobile version