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Recently, there has been a ban on surge pricing in two of India's busiest cities, namely Delhi and Bangalore.

I understand that surge pricing is a method to maintain the balance between the supply and demand. So, it's ban would affect the taxi aggregator companies.

However, is it really doing benefit to the consumer, as the Govt. claims?

Overall, how does the ban on surge pricing affects the taxi aggregator companies, the consumers and the economy as a whole?

I have read through articles this this, however, they give a very naive explanation. So, I'm looking for something clearer from a microeconomics point of view.