Spending
BlaBlaCar reaches India for intercity rides

BlaBlaCar will compete directly with buses and taxis by filling up empty seats. How? 

 

BlaBlaCar is making its first foray outside Europe with India. India country marks the 14th market for the company. According to Nicholas Brusson, co-founder of the company, the new service in India will connect people looking for a city-to-city travel solution with car-owners so that the journey and its cost can be shared. 
 
BlaBlaCar is a marketplace for city-to-city rides. The passenger should browse the platform to find a driver who is driving from one city to another and book a seat in advance. Drivers can make a bit of money while riders can travel for cheap. 
 
BlablaCar has the same business model as Airbnb — one pays or gets money every time one rides or drives, and the company takes a 10% cut on average. 
 
While many people living in India rely on trains and buses to go from one city to another, trains are nowhere as efficient as in other countries. BlaBlaCar will compete with existing buses by filling up empty car seats. It will be a nice alternative when the buses are fully booked and will be cheaper than taxis for those who travel regularly. France-based BlaBlaCar will initially focus on north India. 
 
How the company takes care of the serious issue of safety remains to be seen.
 

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Italian marine gets three months extension on health ground

The SC allowed the plea of Massimiliano Latorre, who had recently undergone heart surgery in Italy after the Indian government said there was no objection to allow his plea on humanitarian ground

 

The Supreme Court on Wednesday granted three months extension to Italian marine Massimiliano Latorre to stay in his country on medical grounds. Latorre is one of the accused of killing Indian fishermen in 2012 near Kerala coast.
 
A bench headed by Justice AR Dave allowed the plea of the marine, who had recently undergone heart surgery in Italy after the Centre said there was no objection to allow his plea on humanitarian ground.
 
The Bench also comprising justices Kurian Joseph and Shiva Kirti Singh permitted a plea of the Marine after Italian ambassador gave an identical undertaking which was given by him on 12 September 2014, when Latorre was allowed to go to his country last year for four months for medical treatment after he suffered a stroke on 31st August.
 
Additional Solicitor General PL Narasimha told the bench that he has an instruction that the Marine be considered for his plea provided the Italian ambassador furnishes the identical undertaking.
 
Senior advocate Soli Sorabji, appearing for the Marine, said that the ambassador is ready with the undertaking on the same terms and conditions.
 

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Companies Act, 2013: Messed Opportunity

The NDA government has been as ham-handed as the UPA which thrust a messy Companies Act on...

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