Pricing, regulation key to water mgmt: Montek

Top planners of the country have asserted that pricing and rationing are the most important tools to make optimal use of the most precious natural resource - water - and achieve sustainable development even though states, bound by political compulsions and fiercely protective of control over water management, may never agree to it. Deputy Chairman of the Planning Commission Montek Singh Ahluwalia says pricing of water and rationing by regulation are the most effective tools to stop the gross misuse of water resources, even though they are very difficult decisions.