New Delhi: Government on Thursday favoured a regulatory authority in order to ensure equitable distribution and pricing of water, which is increasingly becoming a scarce commodity, so that the demands of various sectors are met.

Speaking at the valedictory session of the three-day international conference as part of the India Water Week 2012, Union Minister of Water Resources and Parliamentary Affairs Pawan Kumar Bansal underlined the need for a regulatory authority which could balance the competing demands of different sectors that use water.

"It is important that the pricing of water ensures its equitable distribution and the regulatory authority could serve this end.... There is a need to think differently for rational use of this scarce commodity," Bansal said.

 The theme of the conference was Water, Energy and Food Security: Call for Solutions.