Airports Economic Regulatory Authority of India (Amendment) Bill, 2021
Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 was passed by the both houses of the Parliament recently. This legislation will help support the growth of small airports and improve long-distance air connectivity within the country.
The Bill allows tariff determination of a ?group of airports? by amending the definition of ?major airport?. It aims to develop unprofitable airports having low traffic volume. It also makes changes to the provisions pertaining to the tariffs of single airports. The revenue obtained will be used for the development of airports in Tier-II and Tier-III cities.