Bookmark Bookmark

LOK SABHA PASSED THE AIRPORT ECONOMIC REGULATORY AUTHORITY OF INDIA (AERA) BILL, 2021

LOK SABHA PASSED THE AIRPORT ECONOMIC REGULATORY AUTHORITY OF INDIA (AERA) BILL, 2021

Context

The Lok Sabha passed the Airports Economic Regulatory Authority of India (AERA) Amendment Bill, 2021. The bill seeks to amend the Airports Economic Regulatory Authority of India Act, 2008.

Background:

  • The Airports Economic Regulatory Authority of India Act, 2008 established the Airport Economic Regulatory Authority (AERA).
  • AERA manages tariffs and other charges (such as airport development fees) for aeronautical services extended at major airports in India.

New Provisions:

  • The 2008 Act recommends an airport as a major airport if it has annual passenger traffic of around 35 lakh. According to the Bill, the Government of India (GOI) may also make any airport a major airport by a notification.
  • It will enable AERA to manage tariffs and other charges for aeronautical services for not just major airports with annual passenger traffic of over 35 lakh, but also a group of airports.
  • The GOI will be allowed to club profitable and non-profitable airports as a combination to bidders to make it a feasible combination for investment under PPP (Public-Private Partnership) mode.

You might be interested:

COMMISSION FOR AIR QUALITY MANAGEMENT IN THE NATIONAL CAPITAL REGION AND ADJOINING AREAS BILL 2021 IN LOK SABHA

COMMISSION FOR AIR QUALITY MANAGEMENT IN THE NATIONAL CAPITAL REGION AND ADJOINING AREAS BILL 2021 IN LOK SABHA Context Recently, the Minister of Environment, Forest and Climate Change introduced the ...

2 months ago

NASA-ISRO SYNTHETIC APERTURE RADAR (NISAR) TO BE LAUNCHED IN EARLY 2023

NASA-ISRO SYNTHETIC APERTURE RADAR (NISAR) TO BE LAUNCHED IN EARLY 2023 Context The ISRO-NASA Joint Mission NISAR (NASA-ISRO Synthetic Aperture Radar) satellite is scheduled to be launched in early 20 ...

2 months ago

G20 CULTURE MINISTERS MEETING IN ROME

G20 CULTURE MINISTERS MEETING IN ROME Context On July 29 and 30, 2021, the 1st G20 Culture Ministers Meeting was held in Rome. This was a major 2-day event that took place during the Italian G20 presi ...

2 months ago

One Liners of the Day, 01 August 2021

Important day In India, Muslim Women Rights Day - 1 August 2021. World Scout Day - 1 August. Defence Russian navy’s new Yasen-M class nuclear-powered submarine - "Krasnoyarsk". International ...

2 months ago

Daily News Digest:31 July 2021

CORPAT BETWEEN INDIA AND INDONESIAThe 36th edition of CORPAT between India and Indonesia is being conducted on 30 and 31 July 2021, in the Indian Ocean region (IOR). The Indian Naval Ship (INS) Saryu ...

2 months ago

ATL TINKERPRENEUR BOOTCAMP SUCCESSFULLY COMPLETED

ATL TINKERPRENEUR BOOTCAMP SUCCESSFULLY COMPLETED Context Atal Innovation Mission (AIM), NITI Aayog has successfully completed a 2-month long, one of its kind ‘ATL Tinkerpreneur Bootcamp’ ...

2 months ago

Provide your feedback on this article: