India considers commissions cap for Uber, Ola, unsettling industry
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NEW DELHI (Reuters) - India plans to cap the commissions app-based taxi aggregators such as Uber UBER.N and home-grown Ola earn on rides to a maximum 10% of the total fare, according to a draft proposal seen by Reuters, a move industry experts warned would hit revenue and operations.Such a law would be another blow to San Francisco-based Uber after the ride-hailing firm was stripped of its licence to carry paying passengers in London on Monday for the second time in just over two years over a..