Airports Economic Regulatory Authority of India (AERA) Amendment Bill

Airports Economic Regulatory Authority of India (AERA) Amendment Bill

Part of: GS Prelims and GS-II – Policies and interventions and GS-III – Infrastructure

In news: AERA Amendment Bill, 2021, was recently passed in Lok Sabha.

About the Bill

• It seeks to amend the Airports Economic Regulatory Authority of India Act, 2008. 
• The 2008 Act established the Airport Economic Regulatory Authority (AERA).  
• AERA regulates tariffs and other charges (such as airport development fees) for aeronautical services rendered at major airports in India.
  • The 2008 Act designates an airport as a major airport if it has an annual passenger traffic of at least 35 lakh.  The central government may also designate any airport as a major airport by a notification.  
• The amendment Bill adds that the central government may group airports and notify the group as a major airport. 

News Source: TH