2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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20 lakh
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25 lakh
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35 lakh
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50 lakh
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Detailed explanation-1: -It will allow AERA to regulate tariff and other charges for aeronautical services for not just major airports with annual passenger traffic of more than 35 lakh, but also a group of airports.
Detailed explanation-2: -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 central government may also designate any airport as a major airport by a notification.
Detailed explanation-3: -In accordance with the AERA Act, 2008 the Central Government established Airports Economic Regulatory Authority of India to regulate tariff and other charges for aeronautical services rendered at airports.
Detailed explanation-4: -Objectives. AERA, as an independent economic regulator, aims to create level playing field, foster healthy competition amongst all major airports, to encourage investment in airport facilities and regulate tariffs for aeronautical services.