AERA regulates tariffs and other charges (such as airport development fees) for aeronautical services rendered at major airports in India. Source link . AERA comes under the Ministry of Civil Aviation. The 2008 Act established the Airport Economic Regulatory Authority (AERA). The move will allow the AERA to determine the tariff, including the development fee and passenger service fee, for aeronautical services at the Srinagar airport. Pavneet Singh. Founded in 1995, the Airports Authority of India was created through the Airports Authority of India Act, 1994 under the aegis of the Ministry of Civil Aviation. AERA regulates tariffs and other charges (such as airport development fees) for aeronautical services rendered at major airports in India. It amends the Airports Economic Regulatory Authority of India Act, 2008. Recently, the Lok Sabha has passed the Airport Economic Regulatory Authority (AERA) Amendment Bill, 2021. It proposes to amend the definition of major airport to include a group of airports. As of now, the Airports Economic Regulatory Authority (AERA) determines tariffs and other charges for aeronautical services of a single airport. Do share our valuable articles material with your friends. South Asian leaders have made it a priority to tackle key regional issues such as poverty, environment degradation, trade and investment barriers and food insecurity, among others. AIRPORTS ECONOMIC REGULATORY AUTHORITY OF INDIA (AERA) The Airports Economic Regulatory Authority of India (AERA) is mandated to regulate tariff for aeronautical services rendered at major airports in India, determine other airport charges and to monitor the performance standards of such airports. The Amendment will also enable tariff fixation of more than one airport. AERA was established to ensure that private airport operators do not misuse their monopoly, the need for an independent tariff regulator in the airport sector was felt. This short Bill proposes only one amendment to Section 2 (i) of the Airports Economic Regulatory Authority of India Act, 2008. Airports Economic Regulatory Authority of India (AERA) Amendment Bill 2021. AERA (Amendment) Bill, 2019 Archives TOPIC: General Studies 2: Government policies and interventions for development in various sectors and issues arising out of their design and implementation. Come April 2022, air passengers flying out from Kempegowda International Airport (KIA) will have to shell out more on flight tickets.The Airports Economic Regulatory Authority (AERA) has allowed the Bangalore International Airport Ltd (BIAL) to increase the user development fee (UDF) for a period of four years till . 22M watch mins. AERA regulates tariffs and other charges (such as airport development fees) for aeronautical services rendered at major airports in India. About the Airports Economic Regulatory Authority of India (Amendment) Bill of 2021: The bill allows tariff determination of a 'group of airports' by way of amending the definition of 'major airport.'&nbs. Found inside â Page 56Act Tribunal being replaced Tribunal to take over functions Competition Act 2002 Competition Appellate Tribunal National Company Law Appellate Tribunal (under Companies Act, 2013) Airports Economic Regulatory Authority of india Act, ... Found insideWhich among the following authority decides upon any issues regarding the revision offee collected as Development Fee from Airports in India? (A) Airport Authority of India (B) Airports Economic Regulatory Authority (C) Ministry of ... Prelims Through Questions (PTQ) for CSE 2021, Indian Economy (GS Paper-3)Through Questions, Civil, Electrical or Mechanical Engineering. It is responsible for the creation, management, maintenance and up-gradation of aviation infrastructure in the country. Since our website approved by Google AdSense, every visitor and click do matter for us and we earn little beat from your click. These essays explore topics like the strengths and weaknesses of Indiaâs political system, growth prospects for Indiaâs economy, the competitiveness of Indian firms, Indiaâs rising international profile, and the rapid evolution of ... With the advent of private players in the airport sector in 2006, there was a risk of monopoly by them.To counter this, the Airports Economic Regulatory Authority of India was established in 2008 under the AERA Act. The Rajya Sabha has passed the Airports Economic Regulatory Authority of India (AERA) Bill 2019 which amends the Airports Economic Regulatory Authority of India Act, 2008. Your email address will not be published. The move, the government believes, will encourage development of . The Ministry of Civil Aviation declared "Srinagar International airport" as a "Major Airport" on November 6, 2021. The 2008 Act established the Airport Economic Regulatory Authority (AERA). Airports Economic Regulatory Authority (AERA) is a regulatory agency under Government of India to regulate tariff and other expenditure & fees for major airports. Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 got approval of both houses of Parliament on 4.8.2021. The headquarters of the Airports Authority of India is in New Delhi. Select the correct code: #03, Valpra House, 1st Floor, 17th Main Rd, near KEB Office, Aicobo Nagar, 1st Stage, BTM Layout, Bengaluru, Karnataka 560068, © 2020. It seeks to amend the Airports Economic Regulatory Authority of India Act, 2008. The Airports Authority of India (AAI) deals with creating, upgrading, maintaining, and management of civil aviation infrastructure both on the ground and in the air space of India. This is the United Nations definitive report on the state of the world economy, providing global and regional economic outlook for 2020 and 2021. The Bill adds that the central government may group airports and notify the group as a major airport. Related Facts. सरकार द्वारा पारित भारतीय हवाई अड्डा आर्थिक नियामक प्राधिकरण (संशोधन) विधेयक 2021 में ऐसे बदलावो का प्रस्ताव है जो विमानन क्षेत्र के लिए The AAI manages the building, enhancing, servicing and management of the civil aviation infrastructure in India. Yes..!!! ABOUT UPSC EXAM. The 2008 Act designates an airport as a major airport if it has an annual passenger traffic of at least 35 lakh. Population ageing is an enduring and global phenomenon which is the result of the demographic transition from high to low levels of fertility and mortality. The 2008 Act established the Airport Economic Regulatory Authority (AERA). About the Airports Economic Regulatory Authority of India: The Airports Economic Regulatory Authority of India Act, 2008 (AERA Act) was passed which set up the AERA as a statutory body. Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI) Posted On: 27 OCT 2018 3:55PM by PIB Delhi . AERA regulates tariffs and other charges (such as airport development fees) for aeronautical services rendered at . It is unclear if TDSAT, which primarily deals with issues related to telecom disputes, will have the expertise to adjudicate matters related to the pricing of airport services. Major airports: The 2008 Act designates an airport as a major airport if it has an annual passenger traffic of at least 35 lakh. The Lok Sabha has passed the Airports Economic Regulatory Authority of India (AERA) Amendment Bill, 2021 without debate.The amendment bill aims to amend the Airports Economic Regulatory Authority of India Act, 2008. Under the AERA, the Centre can designate an airport as a major airport if it has an annual passenger traffic of at least 35 lakh. This site is best viewed at a screen resolution of - 1024 X 768. To counter this, the Airports Economic Regulatory Authority of India was established in 2008 under the AERA Act. The AERA was established for determining the tariff for aeronautical services rendered at major airports. The book also analyzes the increase in knowledge intensity across all spheres of economic activity, including agriculture and services, which can offer promising development paths for some developing countries. It also was not asked to compare the relative risks of uranium mining to the mining of other fuels such as coal. This book will be of interest to decision makers at the state and local level, the energy industry, and concerned citizens. PESA Act (The Panchayats Extension to the Scheduled Areas). It seeks to amend the Airports Economic Regulatory Authority of India Act, 2008. Key provisions of the Bill: 1. . Apr 30, 2012. The Airports Economic Regulatory Authority of India Act, 2008 established the Statutory body - Airports Economic Regulatory Authority of India (AERA). The bill seeks to amend the Airports Economic Regulatory Authority of India Act, 2008. The Amendment will also enable privatization of smaller loss-making Airport Authority of India (AAI)-run airports by pairing them with larger profit-making airports. Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 got approval of both houses of Parliament. AERA regulates tariffs and other charges (such as airport development fees) for aeronautical services rendered at major airports in India. In news: AERA Amendment Bill, 2021, was recently passed in Lok Sabha. The move, the government believes, will encourage development of . Designed & Developed by Vaibhav C, Mission Sagar - II Handing Over Food AID to Djibouti by INS Airavat, UPSC 2021 GS-2 GS-3 TECNOLOGY POLITY GS-4, UPSC2021 GS-2 GS-3 TECHNOLOGY AGRICULTURE. The Airports Economic Regulatory Authority of India (Amendment) Bill 2021 proposes to amend the definition of 'major airport' under the Airports Economic Regulatory Authority Act, 2008 (AERA Act). Hence Option D is correct. IAS current affairs and Daily Current affairs for UPSC IAS Exam Preparation Gives a holistic understanding of all the latest updates on current affairs for UPSC Civil Services Exam preparation.is a blend of all the . AERA (India) Limited, formerly known as Airports Economic Regulatory Authority, is a statutory body constituted under the Airports Economic Regulatory Authority of India Act, 2008 (27 of 2008) notified vide Gazette Notification dated 5th December 2008. Head-quartered at Delhi, AERA was set up by the Government in 2009. 27-B, Pusa Road, Metro Pillar no. The report presents the latest assessment of global trends in wildlife crime. It includes discussions on illicit rosewood, ivory, rhino horn, pangolin scales, live reptiles, tigers and other big cats, and European eel. About AERA. About: In exercise of the powers conferred by sub-section (i) of Section 2 of the Airports Economic Authority Act, 2008 (NO. This move is also likely to help in expanding the air connectivity to relatively remote areas and as a result, expediting the UDAN regional connectivity scheme. The 2008 Act established the Airport Economic Regulatory Authority (AERA). Issue Number-1: State Of Food and Nutrition Security in the World Report Issue Number-2: Airport Economic Regulatory Authority of India Issue Number-3: Unfettering Microfinance Issue Number-4: Digital Governance Through Artificial Intelligence Issue Number-5: Tribunal Reforms (Rationalisation and Condition of Service) Act, 2021. This book looks at the major policy challenges facing developing Asia and how the region sustains rapid economic growth to reduce multidimensional poverty through socially inclusive and environmentally sustainable measures. Hosted at NIC. AERA seeks to determine the following for the major airports, Tariff for the aeronautical services, Airport Development Fees, and About Airport Economic Regulatory Authority (AERA) AERA is a regulator that has the powers to set the tariffs charged at airports. AERA regulates tariffs and other charges (such as airport development fees) for aeronautical services rendered at major airports in India. The 2008 Act established the Airport Economic Regulatory Authority (AERA). Major airports: The 2008 Act designates an airport as a major airport if it has an annual passenger traffic of at least 35 lakh. We update the upcoming jobs 2020 for all government departments in Delhi on our job portal for Sarkari Naukri. First Step - NCERT Based Course for IAS after Class 10+2. Found inside â Page 9710th September Insurance Regulatory and Development Authority (IRDAI) announced usage of OTP (One Time Password) for ... service namely 'Tez' in India; Law Ministry approved the Fugitive Economic Offenders Bill 2017, in New Delhi. Airports Economic Regulatory Authority CONTEXT: AERA regulates tariffs and other charges (such as airport development fees) for aeronautical services rendered at major airports in India. News: Recently, the Lok Sabha passed the Airports Economic Regulatory Authority of India (AERA) Amendment Bill, 2021.
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