(iii) To promote the public interest

A third set of justification arises from concerns about the promotion of public interest, which is an important policy objective for governments. Ensuring fair access, non-discrimination, affirmative action, or any other matter of public importance can provide an important reason for regulation. Some major regulations in this regard in India are:

♤ Support Pricing: Government offering to buy wheat or rice from farmers at a price which is higher than the market price

♤ Public Distribution System: Supply of food grains at a price which is lower than the market price

♤ Free Distribution: Distribution of piped water and free power to agriculture, which is a regulatory decision to levy zero tariffs, stemming from policy stances