Auto, taxi rides to become costly
Current AffairsCommercial LawAuto and taxi rides in Delhi may become more costly due to a hike in CNG prices. The unions have demanded that the minimum fare for the first 1.5 kilometers be raised from ₹30 to ₹50, in response to the increased cost of fuel. The government has relied on the principle of economic management, as outlined in the Finance Act, to guide its decision. This decision is significant for Commercial Law students as it highlights the importance of economic management in government decision-making. The real-world impact of this decision will be felt in the way that it affects the cost of transport for consumers, and how this impacts the economy.