The utility can be defined as the combination of various services such as postal, banks, passport, telecom, electricity, municipality, ATMs disaster management and election which are mainly facilitated to the common citizens from the government and they constitute the basic infrastructure which is inevitable for the development of the economy.
Better the situation of the economic health of a country, better will be the infrastructure. Thus the economic condition of any country can be estimated with the help of its infrastructural development.
Public utility commonly known as the utility can be seen as the organization which has the responsibility of maintaining the infrastructure for the public services.
Sometimes the services are also j provided using these infrastructures. There are a public control and regulation of the public utilities which can include local community-based groups to state-wide government monopolies.
The main reason for regulating these services is mainly related to regulating the market power, boosting investment, stabilizing the market, increasing competition, or expansion of the system.
In India, there is a number of emergency services that can be provided to the common public. These kinds of services facilitated by both government and private organizations in different sectors. These services can be accessed by the common public on a 24×7 basis.
The different kinds of services facilitated
- Banking and Insurance services,
- Telecommunications services,
- Electric utility,
- The water industry, and
- Infrastructures, etc.