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...Surge pricing helps stabilize demand and supply during peak office hours, argue companies, while regulators have sought a “cap” on such fares. It is an issue that illustrates well the dilemma facing Indian regulators as they go about calibrating laws to provide affordable Internet services while ensuring that the digital economy remains competitive. Whatever regulations on surge pricing are eventually adopted, their effect will be immediate: If prices are capped, it may provide relief in the short term to consumers, but can also affect the availability of cabs in a particular area, the earnings of taxi drivers, and, of course, the bottom lines of technology companies. Uber representatives told these writers that “almost all the earnings from surge fares” go to cab drivers. ...Live Mint on Oct. 25, 2016, 11:37 p.m.