Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&amp;rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &amp;mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.&lt;br /&gt;
&lt;br /&gt;
In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &amp;ldquo;Drop in metro ridership can&amp;rsquo;t be linked to fare hike&amp;rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&amp;rsquo;s stance that metro ridership figures aren&amp;rsquo;t comparable month-to-month since there are seasonal variations.&lt;br /&gt;
&lt;br /&gt;
Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&amp;rsquo;t account for two important factors. First, metro ridership patterns aren&amp;rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.&lt;br /&gt;
&lt;br /&gt;
A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&amp;rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.&lt;br /&gt;
The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC.&lt;br /&gt;
&lt;br /&gt;
I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
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-The Indian Express

DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&amp;rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.

Economists are frequent targets of...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&amp;rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &amp;mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.&lt;br /&gt;&lt;br /&gt;In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &amp;ldquo;Drop in metro ridership can&amp;rsquo;t be linked to fare hike&amp;rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&amp;rsquo;s stance that metro ridership figures aren&amp;rsquo;t comparable month-to-month since there are seasonal variations.&lt;br /&gt;&lt;br /&gt;Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&amp;rsquo;t account for two important factors. First, metro ridership patterns aren&amp;rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.&lt;br /&gt;&lt;br /&gt;A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&amp;rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.&lt;br /&gt;The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC.&lt;br /&gt;&lt;br /&gt;I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&quot; title=&quot;http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&amp;rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &amp;mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.&lt;br /&gt;
&lt;br /&gt;
In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &amp;ldquo;Drop in metro ridership can&amp;rsquo;t be linked to fare hike&amp;rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&amp;rsquo;s stance that metro ridership figures aren&amp;rsquo;t comparable month-to-month since there are seasonal variations.&lt;br /&gt;
&lt;br /&gt;
Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&amp;rsquo;t account for two important factors. First, metro ridership patterns aren&amp;rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.&lt;br /&gt;
&lt;br /&gt;
A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&amp;rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.&lt;br /&gt;
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&lt;br /&gt;
I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 29 November, 2017, http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&#039;,
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-The Indian Express

DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&amp;rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.

Economists are frequent targets of...&#039;
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-The Indian Express

DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.

Economists are frequent targets of..."/>
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                <strong>Puri defies economists, says Delhi metro woes not due to fares -Jasmine Shah</strong></h1>
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                <div align="justify">-The Indian Express<br /><br /><em>DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.<br /></em><br />Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.<br /><br />In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &ldquo;Drop in metro ridership can&rsquo;t be linked to fare hike&rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&rsquo;s stance that metro ridership figures aren&rsquo;t comparable month-to-month since there are seasonal variations.<br /><br />Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&rsquo;t account for two important factors. First, metro ridership patterns aren&rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.<br /><br />A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.<br />The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC.<br /><br />I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.<br /><br />Please <a href="http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/" title="http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/">click here</a> to read more. <br /></div>               </font>
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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&amp;rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &amp;mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.&lt;br /&gt;
&lt;br /&gt;
In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &amp;ldquo;Drop in metro ridership can&amp;rsquo;t be linked to fare hike&amp;rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&amp;rsquo;s stance that metro ridership figures aren&amp;rsquo;t comparable month-to-month since there are seasonal variations.&lt;br /&gt;
&lt;br /&gt;
Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&amp;rsquo;t account for two important factors. First, metro ridership patterns aren&amp;rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.&lt;br /&gt;
&lt;br /&gt;
A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&amp;rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.&lt;br /&gt;
The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC.&lt;br /&gt;
&lt;br /&gt;
I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 29 November, 2017, http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&#039;,
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-The Indian Express

DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&amp;rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.

Economists are frequent targets of...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&amp;rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &amp;mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.&lt;br /&gt;&lt;br /&gt;In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &amp;ldquo;Drop in metro ridership can&amp;rsquo;t be linked to fare hike&amp;rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&amp;rsquo;s stance that metro ridership figures aren&amp;rsquo;t comparable month-to-month since there are seasonal variations.&lt;br /&gt;&lt;br /&gt;Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&amp;rsquo;t account for two important factors. First, metro ridership patterns aren&amp;rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.&lt;br /&gt;&lt;br /&gt;A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&amp;rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.&lt;br /&gt;The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC.&lt;br /&gt;&lt;br /&gt;I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&quot; title=&quot;http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&amp;rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &amp;mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.&lt;br /&gt;
&lt;br /&gt;
In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &amp;ldquo;Drop in metro ridership can&amp;rsquo;t be linked to fare hike&amp;rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&amp;rsquo;s stance that metro ridership figures aren&amp;rsquo;t comparable month-to-month since there are seasonal variations.&lt;br /&gt;
&lt;br /&gt;
Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&amp;rsquo;t account for two important factors. First, metro ridership patterns aren&amp;rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.&lt;br /&gt;
&lt;br /&gt;
A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&amp;rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.&lt;br /&gt;
The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC.&lt;br /&gt;
&lt;br /&gt;
I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 29 November, 2017, http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&#039;,
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-The Indian Express

DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&amp;rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.

Economists are frequent targets of...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&amp;rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &amp;mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.&lt;br /&gt;&lt;br /&gt;In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &amp;ldquo;Drop in metro ridership can&amp;rsquo;t be linked to fare hike&amp;rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&amp;rsquo;s stance that metro ridership figures aren&amp;rsquo;t comparable month-to-month since there are seasonal variations.&lt;br /&gt;&lt;br /&gt;Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&amp;rsquo;t account for two important factors. First, metro ridership patterns aren&amp;rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.&lt;br /&gt;&lt;br /&gt;A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&amp;rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.&lt;br /&gt;The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC.&lt;br /&gt;&lt;br /&gt;I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&quot; title=&quot;http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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-The Indian Express

DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.

Economists are frequent targets of..."/>
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                <strong>Puri defies economists, says Delhi metro woes not due to fares -Jasmine Shah</strong></h1>
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                <div align="justify">-The Indian Express<br /><br /><em>DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.<br /></em><br />Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.<br /><br />In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &ldquo;Drop in metro ridership can&rsquo;t be linked to fare hike&rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&rsquo;s stance that metro ridership figures aren&rsquo;t comparable month-to-month since there are seasonal variations.<br /><br />Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&rsquo;t account for two important factors. First, metro ridership patterns aren&rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.<br /><br />A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.<br />The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC.<br /><br />I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.<br /><br />Please <a href="http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/" title="http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/">click here</a> to read more. <br /></div>               </font>
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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&amp;rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &amp;mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.&lt;br /&gt;
&lt;br /&gt;
In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &amp;ldquo;Drop in metro ridership can&amp;rsquo;t be linked to fare hike&amp;rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&amp;rsquo;s stance that metro ridership figures aren&amp;rsquo;t comparable month-to-month since there are seasonal variations.&lt;br /&gt;
&lt;br /&gt;
Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&amp;rsquo;t account for two important factors. First, metro ridership patterns aren&amp;rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.&lt;br /&gt;
&lt;br /&gt;
A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&amp;rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.&lt;br /&gt;
The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC.&lt;br /&gt;
&lt;br /&gt;
I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
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DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&amp;rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.

Economists are frequent targets of...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;br /&gt;&lt;br /&gt;&lt;em&gt;DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&amp;rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &amp;mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.&lt;br /&gt;&lt;br /&gt;In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &amp;ldquo;Drop in metro ridership can&amp;rsquo;t be linked to fare hike&amp;rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&amp;rsquo;s stance that metro ridership figures aren&amp;rsquo;t comparable month-to-month since there are seasonal variations.&lt;br /&gt;&lt;br /&gt;Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&amp;rsquo;t account for two important factors. First, metro ridership patterns aren&amp;rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.&lt;br /&gt;&lt;br /&gt;A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&amp;rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.&lt;br /&gt;The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC.&lt;br /&gt;&lt;br /&gt;I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&quot; title=&quot;http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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	&#039;title&#039; =&gt; &#039;Puri defies economists, says Delhi metro woes not due to fares -Jasmine Shah&#039;,
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-The Indian Express&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&amp;rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &amp;mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.&lt;br /&gt;
&lt;br /&gt;
In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &amp;ldquo;Drop in metro ridership can&amp;rsquo;t be linked to fare hike&amp;rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&amp;rsquo;s stance that metro ridership figures aren&amp;rsquo;t comparable month-to-month since there are seasonal variations.&lt;br /&gt;
&lt;br /&gt;
Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&amp;rsquo;t account for two important factors. First, metro ridership patterns aren&amp;rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.&lt;br /&gt;
&lt;br /&gt;
A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&amp;rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.&lt;br /&gt;
The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC.&lt;br /&gt;
&lt;br /&gt;
I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
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-The Indian Express

DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&amp;rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.

Economists are frequent targets of...&#039;
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-The Indian Express

DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.

Economists are frequent targets of..."/>
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                <strong>Puri defies economists, says Delhi metro woes not due to fares -Jasmine Shah</strong></h1>
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                <div align="justify">-The Indian Express<br /><br /><em>DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.<br /></em><br />Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.<br /><br />In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &ldquo;Drop in metro ridership can&rsquo;t be linked to fare hike&rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&rsquo;s stance that metro ridership figures aren&rsquo;t comparable month-to-month since there are seasonal variations.<br /><br />Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&rsquo;t account for two important factors. First, metro ridership patterns aren&rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.<br /><br />A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.<br />The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC.<br /><br />I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.<br /><br />Please <a href="http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/" title="http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/">click here</a> to read more. <br /></div>               </font>
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		'title' => 'Puri defies economists, says Delhi metro woes not due to fares -Jasmine Shah',
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-The Indian Express<br />
<br />
<em>DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.<br />
</em><br />
Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.<br />
<br />
In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &ldquo;Drop in metro ridership can&rsquo;t be linked to fare hike&rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&rsquo;s stance that metro ridership figures aren&rsquo;t comparable month-to-month since there are seasonal variations.<br />
<br />
Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&rsquo;t account for two important factors. First, metro ridership patterns aren&rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.<br />
<br />
A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.<br />
The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC.<br />
<br />
I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.<br />
<br />
Please <a href="http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/">click here</a> to read more. <br />
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	'metaTitle' => 'LATEST NEWS UPDATES | Puri defies economists, says Delhi metro woes not due to fares -Jasmine Shah',
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-The Indian Express

DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.

Economists are frequent targets of...',
	'disp' => '<div align="justify">-The Indian Express<br /><br /><em>DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.<br /></em><br />Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.<br /><br />In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &ldquo;Drop in metro ridership can&rsquo;t be linked to fare hike&rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&rsquo;s stance that metro ridership figures aren&rsquo;t comparable month-to-month since there are seasonal variations.<br /><br />Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&rsquo;t account for two important factors. First, metro ridership patterns aren&rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.<br /><br />A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.<br />The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC.<br /><br />I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.<br /><br />Please <a href="http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/" title="http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/">click here</a> to read more. <br /></div>',
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	'title' => 'Puri defies economists, says Delhi metro woes not due to fares -Jasmine Shah',
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-The Indian Express<br />
<br />
<em>DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.<br />
</em><br />
Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.<br />
<br />
In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &ldquo;Drop in metro ridership can&rsquo;t be linked to fare hike&rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&rsquo;s stance that metro ridership figures aren&rsquo;t comparable month-to-month since there are seasonal variations.<br />
<br />
Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&rsquo;t account for two important factors. First, metro ridership patterns aren&rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.<br />
<br />
A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.<br />
The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC.<br />
<br />
I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.<br />
<br />
Please <a href="http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/">click here</a> to read more. <br />
</div>',
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-The Indian Express

DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.

Economists are frequent targets of...'
$disp = '<div align="justify">-The Indian Express<br /><br /><em>DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn&rsquo;t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs.<br /></em><br />Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet &mdash; demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri.<br /><br />In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that &ldquo;Drop in metro ridership can&rsquo;t be linked to fare hike&rdquo;. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC&rsquo;s stance that metro ridership figures aren&rsquo;t comparable month-to-month since there are seasonal variations.<br /><br />Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn&rsquo;t account for two important factors. First, metro ridership patterns aren&rsquo;t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs.<br /><br />A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn&rsquo;t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs.<br />The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC.<br /><br />I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes.<br /><br />Please <a href="http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/" title="http://indianexpress.com/article/opinion/puri-defies-economists-says-delhi-metro-woes-not-due-to-fares-4959722/">click here</a> to read more. <br /></div>'
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Puri defies economists, says Delhi metro woes not due to fares -Jasmine Shah

-The Indian Express DMRC and Union minister for urban development Hardeep Singh Puri are right that the daily ridership of Delhi metro hasn’t declined by 3 lakhs due to fare hike. It has declined by 4.8 lakhs. Economists are frequent targets of ridicule by politicians for failing to predict crises or having vastly differing opinions of major economic events (e.g. demonetisation). But all economists agree on one fundamental tenet — demand reduces as prices increase. At the moment, the only politician in India ridiculing even this is the Union minister for urban development, Hardeep Singh Puri. In his defense of the 100% fare hike in Delhi metro over the past 6 months, Mr Puri categorically states that “Drop in metro ridership can’t be linked to fare hike”. His statement followed ridership figures recently released by DMRC that revealed that daily ridership of Delhi metro has dropped by 3 lakhs between September and October 2017, and currently stands at 24.2 lakhs. In his defense, Mr Puri reiterated the DMRC’s stance that metro ridership figures aren’t comparable month-to-month since there are seasonal variations. Mr Puri and DMRC are partially correct. The above calculation of drop in ridership is too simplistic and doesn’t account for two important factors. First, metro ridership patterns aren’t exactly comparable from one month to the next since seasonal and weather fluctuations affect travel demand (e.g. college admissions, summer temperatures etc.). A better way therefore to calculate the change in ridership of Delhi Metro in October 2017 is to compare it with the daily ridership of October 2016, which is 27.2 lakhs. A second factor which seems to be getting entirely ignored in the din, is that average mass transit ridership sees a predictable year-on-year rise in demand due to factors such as increase in economic activity, wages, population etc. In the case of Delhi metro, there was a 6.6% increase in the average daily ridership from 2015-16 to 2016-17 even though the fares and total network length of DMRC remained the same. By this yardstick, if the fares of DMRC hadn’t increased in 2017, the expected daily ridership figure for October 2017 would have surged to 29 lakhs. The cumulative decline in daily ridership therefore between October 2016 and October 2017 is 29 lakhs to 24.2 lakhs, a difference of 4.8 lakhs or a 17% decline. By any measure, this is a shocking decline and calls into question the entire operational model of DMRC. I have argued earlier that the chief cause behind this drastic drop in ridership of Delhi Metro is unaffordability, and how the recent fare hike has made it perhaps the most unaffordable metro rail system in the world. Metro rail authorities of most global cities work closely with economists to model the sensitivity of fare changes on travel demand, and determine the impact of any fare change on different profiles of commuters. It is such scientific analyses that informs decisions of fare changes. Please click here to read more.