BackBill to set up Airports Economic Regulatory Authority passed
Bill to set up Airports Economic Regulatory Authority passed
PTI
New Delhi: The Lok Sabha today passed a bill seeking to set up an authority to regulate tariff and other charges for aeronautical services rendered at airports.
The Airports Economic Regulatory Authority of India Bill, 2007 will ensure creating a regulator which would maintain a competitive and level-playing field regarding the services provided and fees charged by government-owned, private-owned and public-private partnership airports.
The authority will monitor the performance standards of airports and also establish Appellate Tribunal to adjudicate disputes and dispose of appeals.
The Bill, which was introduced by Civil Aviation Minister Praful Patel, was passed without any discussion as the Lok Sabha was adjourned for the day following disruptions over various issues.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
