New Delhi, Aug 29 : The Government today approved amendments to the Airports Economic Regulatory Authority of India (AERA) Bill, 2007.
The AERA Bill seeks to establish an independent regulatory authority comprising a chairperson and two members to be appointed by the Central Government.
The Bill also lays down the powers and functions of the regulatory authority, which will include determining the tariff structure for aeronautical services, amount of development fees in respect of major airports and amount of passenger service fee, and to monitor the performance standards relating to quality, continuity and reliability of service.