Regulator for aviation industry deferred
New Delhi: Owing to pressures from the aviation industry, the central government has once again deferred decision on the Airports Economic Regulatory Authority (AERA) Bill, 2007, which was scheduled to come up for approval in parliament during the budget session, sources said Monday.
The Lok Sabha was adjourned sine die Monday while the Rajya Sabha will be adjourned Tuesday. Both houses were scheduled to run till May 9.
Last month, joint secretary in the civil aviation ministry K.N. Srivastava told reporters that the AERA Bill that seeks to set up an independent regulator for the aviation sector would be approved by parliament during the budget session and take effect by October this year.
The proposed regulator would fix, review and approve tariff structure for the aviation services and monitor performance standards at Indian airports.
"The airline industry is booming. There are major expansion plans and once if you have a regulator in place, there will be lesser room for promoters to influence the process. This is why the industry is opposed to a regulator," said an official.
The regulator, once in place, will ensure a level playing field for all categories of airport operators and also oversee and deal with monopoly and common user carrier segments of airports, he said.
IANS
Today’s top news
India drops in world competitiveness ranking
An annual survey on competitiveness of the countries across the world has put India at 29th place according to its ability to compete.
Indian equities on a big upswing
Indian equities markets, which opened in the green Thursday, performed very well throughout the day and a key index climbed over 375 points, mirroring cues from other Asi...
Free MBA training to backward classes by Assocham
The Associated Chambers of Commerce and Industry of India (Assocham) Wednesday launched its own foundation to impart professional business management training to candidat...
India Colombia trade target set at $2 Bn
India and Colombia have set a target to increase bilateral trade to $2 billion from the $650 million at present.
Percept plans expansion to raise Rs.15 Bn
Entertainment and media company Percept plans to raise Rs.15 billion through private equity, IPO and debt.
ICICI's VC pump-in under RBI lens
India's private bank ICICI's investments in ICICI Venture, which is the country's biggest private equity fund, has come under the scanner of Reserve Bank of India.
Sprout closes $5 Mn series-B led by Polaris Venture Partners
Sprout, the premier platform for creating, publishing and managing rich media Web content, has closed a $5 million Series B financing led by Polaris Venture Partners.
Bharti Airtel in final stages of merger talks with MTN
Bharti Airtel, India's largest telecom firm, Wednesday entered into final stages of merger talks with South Africa's largest telecom operator MTN in a deal that is estima...
Finnair in talks with Indian airlines for partnership
Nordic airline Finnair is in talks with leading airlines in India for a partnership in order to strengthen its position in the local market there.
"No flying from new airport as long as old one is functional"
The Bangalore International Airport (BIAL), the developer of Bangalore's new greenfield airport, has told the central government that it is not feasible to operate the ne...

