Mumbai’s iconic Kaali Peeli taxis are hit hard in this time of cash crunch. In fact, the tough competition they are facing from cab aggregators has also grown much more in this time of cash crunch as cab aggregators are accepting online payment from commuters unlike Kaali Peeli.
To fight out the challenge, some taxi unions of the city have decided to accept old 500 and 1000 currency notes from the customers. The demonetisation has affected their daily earnings. Taxi Union revealed their business has been affected by 20-60%, whereas earnings have been dropped by almost 20-60% over the past few days.
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