Parliament Passes Airports Economic Regulatory Authority Of India (Amendment) Bill 
An airport in India. (Photographer: Anindito Mukherjee/Bloomberg)

Parliament Passes Airports Economic Regulatory Authority Of India (Amendment) Bill 

Bookmark

Parliament on Friday passed a bill to allow the Airports Economic Regulatory Authority of India to bid out any new airport at a pre-determined tariff structure. While Rajya Sabha had given its nod to the bill earlier, it was passed by Lok Sabha on Friday by a voice vote.

Currently, major airports with an annual capacity to handle one-and-a-half million passengers come under the purview of Airports Economic Regulatory Authority of India. Now with the amendments getting parliamentary nod, the definition of major airports would be changed to any aerodrome which has or is designated to have annual passenger capacity of three-and-a-half million.

Also read: Consumer Protection Bill Places Buyers’ Rights At The Forefront

Also read: Parliament Approves Wage Code Bill To Bring In Minimum Wages In India

Also read: Parliament Approves Amendments To UAPA Bill To Label Individuals As Terrorists

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.