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Home Economy

The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021

April 3, 2021
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In News:The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 was introduced in Lok Sabha on March 24, 2021. 

The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021

  • Ministry: Ministry of Civil Aviation
  • 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 Bill adds that the central government may group airports and notify the group as a major airport. 
  • Under the present Act, a”major airport” has been defined to mean any airport which has, or is designated to have, annual passengers in excess of three and a half million. However, it does not provide for determination of tariff for a group of airports.
  • Developing more number of airports through public-private partnership mode would expand air connectivity to relatively remote and far-flung areas.
  • The government has decided to club or pair airports having profitable and non-profitable airports which could be offered in public-private partnership mode as a package to the prospective bidders.

About Airport Economic Regulatory Authority (AERA)

  • AERA is a regulator that has the powers to set the tariffs charged at airports.
  • Sixteen airports will be under the jurisdiction of AERA.
  • All the other airports which would not be major airports will continue to be looked after by the Ministry of Civil Aviation and the Govt. of India.
  • All major airports with an annual capacity of handling 1.5 million passengers come under the purview of AERA

AdditionalLink:https://journalsofindia.com/airports-economic-regulatory-authority-of-india

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Source: PRS India
Tags: PrelimsPRS India

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