Airport Economic Regulatory Authority Amendment Bill 2021
On 4th August, 2021, the Parliament passed the Airports Economic Regulatory Authority of India (AERA) Amendment Bill, 2021 to expedite assets monetisation plan and for faster development of smaller airports in the country.
- It seeks to amend the Airports Economic Regulatory Authority of India Act, 2008.
Need
- Typically, airports run the risk of becoming a monopoly because cities usually have one civilian airport which controls all aeronautical services in that area.
- Therefore, to ensure that private airport operators do not misuse their monopoly, the need for an independent tariff regulator in the airport sector was felt.
Salient Features
New Definition
- It ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Scheme for Strengthening Medical Device Industry
- 2 Regulatory Framework for Restricted Return InvITs
- 3 World’s First Co2 to Methanol Plant
- 4 Peak Oil
- 5 India’s Renewable Energy Sector Achieves Significant Growth
- 6 4th Phase of Consolidation of RRBs
- 7 RBI’s Framework for Reclassification of FPI to FDI
- 8 RBI’s 2024 List of Domestic Systemically Important Banks
- 9 Windfall Gain Tax
- 10 National Mission on Natural Farming
- 1 The Coconut Development Board (Amendment) Bill 2021
- 2 Special Livestock Sector Package
- 3 Harit Dhara: Antimethanogenic Feed Supplement
- 4 Insolvency and Bankruptcy Code (Amendment) Bill 2021
- 5 Deposit Insurance and Credit Guarantee Corporation (DICGC) Bill 2021
- 6 Department of Public Enterprises merged with Finance Ministry
- 7 Central Bank Digital Currency
- 8 Production-linked Incentive Scheme extended to Specialty Steel
- 9 National Institutes of Food Technology, Entrepreneurship and Mgt. Bill 2021
- 10 Amendments to the Limited Liability Partnership Act 2008
- 11 Secured Logistics Document Exchange Programme
