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Daily Archives: October 28, 2007

Radio Taxis – On The Rise

28 Sunday Oct 2007

Posted by Prem Rao in Trends

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Arriving at an airport in India, particularly at an odd hour, can be a troublesome experience , if you have no one waiting to receive you. Here’s good news for the traveller in India. The Hindu reports that radio taxis will zoom into many new cities in India in a big way.

Radio cab services are set to witness a boom in their business. The number of such taxis is expected to swell from the present 2,000 to 174,000, taking the business to Rs 7,210 crore per year by 2010. A study by Dare, a magazine for entrepreneurs from the Cybermedia group, found that radio taxis will become common in 5 major cities and 12 smaller ones in the country by 2010.

At present, radio taxis exist in around 10 cities, most of them in Delhi. By 2010, top 5 cities in India will each have 20,000 cabs and the 12 smaller cities will each have 6000 radio cabs, according to the study. This translates into deployment of 1,72,000 radio cabs across the country.

Megacab which operates in Delhi and Chandigarh, will start services in Mumbai soon. It plans to operate in Goa, Hyderabad, Chennai, Bangalore, Jaipur and Kolkata.

Forsche, an exclusive cab service for women in Mumbai, has only women chauffeurs. Launched in March 2007, Forsche started with one cab and now has 18 women drivers. Revati Roy, the owner of Forsche, says that such an exclusive service has gained the confidence of women travelling alone, especially during night. In a month’s time, Forsche’s services will be available in Delhi and Bangalore.

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Use Credit Cards Sensibly

28 Sunday Oct 2007

Posted by Prem Rao in Personal Finance

≈ 1 Comment

In an era of fast cash, people go around with an array of credit cards. Some flaunt a fistful of cards arranged like a sheaf from a pack of playing cards.

Does your spending increase due to credit cards? The thinking seems to suggest so. Shop keepers actually dislike credit cards because they eat into their margins but are pretty much compelled to accepts them-simply because other shopkeepers do. Competition is the name of the game.

MyIris gives some tips on using your credit card. So too does Deutsche Bank.

If you use them sensibly, credit cards are a boon. As we would say in India “Credit Card, Zindabad!” (Long Live, Credit Card)

Prem Rao

Blogger: Prem Rao

Author, Book Reviewer, Coach, and Social Commentator based in Bangalore, India. View B P Rao's profile on LinkedIn
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