Opinion | Resist the urge to ban surge pricing1 min read 02 Aug 2019, 04:24 PM IST
An efficient market is one where prices vary by demand and supply. A clamp-down on this mechanism would force these services into a price-control regime
India’s Motor Vehicles (Amendment) Bill, 2019, shall bring app-based cab-hailing services such as Ola and Uber under Central regulation. Described as “digital intermediaries", these apps are to be treated as marketplaces or platforms that enable cabs and customers to strike deals for rides. Until now, various states had taken their own measures to frame regulations for their services. Now, operating permits will still be issued by state governments, but they will need to operate under common rules and guidelines specified by the Centre.