ADVERTISEMENT
Parliament Passes Airports Economic Regulatory Authority Of India (Amendment) Bill
Currently, major airports with an annual capacity to handle one-and-a-half million passengers come under the purview of AERAI.
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.
Opinion
Consumer Protection Bill Places Buyers’ Rights At The Forefront
Opinion
Parliament Approves Wage Code Bill To Bring In Minimum Wages In India
Opinion
Parliament Approves Amendments To UAPA Bill To Label Individuals As Terrorists
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT