Airports Economic Regulatory Authority of India (Amendment) Act, 2021

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.

• With the passage in Rajya Sabha, Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 got approval of both houses of Parliament on August 04, 2021.

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 ....