The Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 was introduced in Lok Sabha on March 24, 2021.On July 29, 2021 the Bill was passed in the Lok Sabha.
Aims of the Act: This Act 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.
Key Provisions of the Act: The Act allows tariff determination of a 'group of airports' by way of amending the definition of 'major airport.' The Act amends the provisions of the law in relation to tariffs for single airports.
