Karnataka State Road Transport Corporation discontinues rounding off of bus fares
KSRTC
Friday announced it will discontinue the practice of rounding off ticket prices, responding to criticism from bus passengers. Previously, conductors on its premium bus services were instructed to round fares to the nearest Rs 100 or Rs 110 to mitigate issues related to providing change.
For instance, tickets priced between Rs 101 and Rs 105 were rounded down to Rs 100, while fares between Rs 106 and Rs 109 were rounded up to Rs 110. In a press release, the corporation attributed the decision to the successful implementation of UPI-based ticketing system and stated the rounding of bus fares would cease with immediate effect.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
22 minutes ago
- Time of India
Homegrown Goods More Shelf Assured Abroad
Live Events Smartphones may have sizzled their way to become the country's largest exported goods in the last fiscal year, but India-made daily use consumer goods such as biscuits, noodles, packaged gram flour, soaps and shampoos are also rapidly making inroads into global fast-moving consumer goods companies like Hindustan Unilever (HUL), ITC, Marico, Godrej Consumer Products, Dabur and AWL Agri Business (formerly Adani Wilmar) have reported faster growth in their export revenue compared with local sales in the past two fiscal years. While international business accounts for only 3% of the turnover for some like HUL due to their very large domestic operations, it brings more than 20% of the revenue for companies such as Dabur, Emami and Marico. Unilever India Exports Ltd, HUL's wholly owned subsidiary for exports to other Unilever companies globally, posted an 8% increase in sales at Rs 1,258 crore in the last financial year ended March 31, according to HUL's annual report. Its net profit rose 14% to Rs 91 crore. HUL's total sales, meanwhile, grew at a tepid pace of 2%, weighed by weak domestic company attributed the export growth to products in skin care, lifestyle nutrition, hair care and personal wash, driven by brands like Dove, Horlicks, Vaseline, Pears, Bru, Sunsilk, Glow and Lovely, Pond's, Lakme and Lifebuoy. It's not just basmati rice, traditionally a top commodity for exports from India, which is in high demand, said Angshu Mallick, chief executive at AWL Agri Business, India's largest packaged edible oil company. Mustard and sunflower oil, atta, besan (gram flour), soya nuggets and poha (flattened rice) all are seeing strong demand in foreign markets, he said.'We are just scratching the surface. The proliferation of Indian restaurants and popularity of Indian cuisines in the West is driving the exports. And it's not just the Indian diaspora but even the local people (in foreign markets) are buying these,' said Mallick, predicting that exports could rise 50-80% this fiscal demand is strong, a push from the government through export-focussed programmes like production-linked incentive schemes (PLI) for the food processing industry and millet-based products are also helping boost shipments, industry executives said. The government in December said it had selected 73 companies for benefits under the PLI scheme for marketing Indian-branded food products in global said in its latest annual report that its branded export business grew threefold in the past three years to cross ₹250 crore in FY25. Godrej Consumer Products said in an investor presentation that the operating margin of its international business expanded to 17% in FY25 from 10% two years told analysts recently that its export business is scaling up fast and it posted 14% growth in constant currency terms (excluding the impact of currency movements) in FY25, compared with overall growth of 12%. At Dabur, exports grew 17% against a 1.3% expansion in consolidated revenue. ITC Ltd said in its latest annual report that the company is seeing 'green shoots' in exports of biscuits, noodles and snacks while its Aashirvaad Atta is already the market leader in several countries. 'ITC is also exploring strategic opportunities in proximal markets as a potential vector of growth going forward,' it a bulk of ITC's foreign exchange earnings from export is still driven by agri-commodities — export revenue rose 7% to ₹7,708 crore in FY25 — its FMCG export is set to become the next growth driver. The firm said its FMCG products are now sold in over 70 countries. Exports of other consumer goods from apparel, jewellery and consumer electronics to automobiles have also grown last fiscal year.
India.com
23 minutes ago
- India.com
Meet man behind 'Chowman', who built Rs 1500000000 business empire from just Rs 15 lakh, left high-profile job of Rs..., his name is...
Debaditya Chaudhury New Delhi: Debaditya Chaudhury, who comes from a middle-class family in Kolkata, is an inspiration to millions of young entrepreneurs aspiring to build their careers in the food industry. His story is a perfect example of passion, hard work, and turning dreams into reality. Debaditya, who started his business from a small 350-square-foot space by investing Rs 15 lakh, has today become one of the country's most successful restaurant entrepreneurs. In this article, we will talk about Debaditya's journey to success, challenges he faced and more. Debaditya Chaudhury: Education Qualification Debaditya Chaudhury spent his childhood in the Ballygunge area of Kolkata. He completed his 10th grade from South Point High School in 1999 and earned a degree from St. Xavier's College in 2004. After that, he pursued an MBA from IISWBM in 2006. Debaditya was also extremely passionate about music along with his studies. In his first year of college, he co-founded the Bengali rock band Lakkhichhara with his friends. As a keyboard player, he performed with the band in several countries. Debaditya's Love for Chinese Food: While growing up the aroma of Chinese food coming from the nearby 'Kim Wah' restaurant left a deep impression on Debaditya. At the age of six, he first tasted the Chinese cuisine, and ever since he fell in love with the dishes. The family that owned Kim Wah became like an extended family to Debaditya. These experiences sparked a dream in him — to one day open his own Chinese restaurant. This dream always remained alive in his heart, even as he continued to pursue his interests in academics and music. Risked His Career: Debaditya began working as the Brand Head at a PR agency called Blue Lotus Communications in 2006 after completing his MBA and earned a monthly salary of 1 lakh rupees. However, his childhood dream of opening a Chinese restaurant never faded. After saving enough money, he left his well-paying job and took a step toward entrepreneurship. Fully aware that a city like Kolkata already had many renowned Chinese restaurants, he still decided to take the risk. All You Need to Know About Debaditya's Business: Chowman is today one of the renowned Chinese food outlets in West Bengal. Debaditya had decided to differentiate his first Chowman outlet by offering a fine-dining experience at affordable prices for middle-class customers. His goal was to provide a five-star Chinese dining experience at the price of a roadside eatery. To create an authentic atmosphere, he imported sauces, crockery, and cutlery directly from China. The outlet was launched with two trained chefs and a menu featuring 70 dishes. The restaurant offered meals for two people for just ₹300. The restaurant remained packed with customers from the day it opened thanks to its pocket-friendly pricing. In its very first year, Chowman achieved a turnover of Rs 20 lakh, encouraging Debaditya to open a second outlet in 2011. By 2013, the business had grown to a turnover of Rs 1 crore. Expansion of the Restaurant Empire Over the years, Chowman has gained massive popularity. Currently, Chowman has 29 outlets across Kolkata, Bengaluru, and Delhi. Seeing the growing demand for Chowman, Debaditya implemented a home delivery system. Today, his restaurant not only partners with aggregators like Swiggy and Zomato but also maintains its own delivery team. Following Chowman's success, Debaditya and his elder brother Shiladitya Chaudhury launched two more successful restaurant chains — Awadh 1590 (specializing in Awadhi cuisine) and Chapter 2 (offering continental cuisine with live music). As a result, by 2023, their restaurant empire reached a turnover of ₹150 crore.
New Indian Express
24 minutes ago
- New Indian Express
KSRTC travel card gains traction, demand rises for unified ticketing
KOCHI: With the Kerala State Road Transport Corporation (KSRTC) rolling out a travel card, there are now calls from several quarters for an integrated ticketing system — on the lines of the Kochi1 card — to facilitate seamless travel across multiple modes of transport. However, several hurdles remain in implementing services such as the National Common Mobility Card (NCMC), also known as 'One Nation, One Card' -- a contactless debit card developed by the National Payments Corporation of India (NPCI) and the Ministry of Housing and Urban Affairs (MoHUA) for payments across transport systems. While the 'Chalo' card and app, rolled out by KSRTC, are being hailed as a solution to problems like 'change' (coins and smaller-denomination currency), they are part of a closed-loop payment system that doesn't permit integration with other transport modes. 'The closed-loop system involves risk of fraud by stakeholders. BMTC (Bengaluru Metropolitan Transport Corporation) switched over from closed loop to open loop after it lost Rs 4,000 after staff of a single bus deleted ticketing data and siphoned off the amount. The open-loop system is now increasingly being adopted the world over due to security concerns. Practically, it can't be integrated with other modes of transport or the ONDC (Open Network for Digital Commerce),' said G P Hari, former additional general manager (urban transport), Kochi Metro Rail Ltd (KMRL). The closest the state has come to implementing a single-ticketing system was in 2018 when the Kochi1 card, introduced by KMRL, was extended to private buses in the city. Seven private bus companies signed an agreement with KMRL for the smart cards and the facility was extended to nearly 900 buses run by Perfect Bus Metro Services, Kochi Metropolitan Transport Co-operative Society Ltd, My Metro, Muziris, Prateeksha Transport Operators Organisation Pvt Ltd, Kochi Wheelz United, and Greater Cochin Bus Transport. 'However, the initiative was wound down during the Covid lockdown when bus operators withdrew after Axis Bank put forward additional conditions. Also, there were issues like electronic ticketing machines (ETMs) developing glitches,' said Navas K M, a bus owner and member of Kochi Wheelz United. Demand for discounts Meanwhile, experts are advocating introducing discounts, similar to Kochi Metro, for luring more commuters to purchase travel cards, while they back up the KSRTC initiative to roll out the smartcard-based payment system.
