Interview Guidance Program (IGP) for UPSC CSE 2024, Registrations Open Click Here to know more and registration
- The Rajya Sabha has passed the Airports Economic Regulatory Authority of India (Amendment) Bill, 2019.
- The bill amends the Airports Economic Regulatory Authority of India Act, 2008. The Act established the Airports Economic Regulatory Authority of India (AERA).
- The AERA regulates tariffs and other charges for aeronautical services provided at civilian airports with annual traffic above 15 lakh passengers. It also monitors the performance standard of services across these airports.
- The Bill increases the threshold of annual passenger traffic for major airports to over 35 lakh.
- The Bill allows AERA to bid out any new airport at a pre-determined tariff structure.
- The Bill adds that AERA will not determine: a) the tariff, b) tariff structures, or c) the development fees, in certain cases. These cases include those where such tariff amounts were a part of the bid document on the basis of which the airport operations were awarded.
Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants
Subscribe to get the latest posts sent to your email.
