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Scindia to introduce amendment to airports economic regulatory Bill in Lok Sabha today
The amendment to the 2008 Act will change existing provisions by modifying the definition of “major airport” as under the current law, tariffs for the aeronautical services of a group of airports together cannot be determined
Civil aviation minister Jyotiraditya Scindia will move to introduce the Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 in the Lok Sabha on Thursday, the eighth day of the Monsoon Session.
The amendment to the 2008 Act will change existing provisions by modifying the definition of “major airport” as under the current law, tariffs for the aeronautical services of a group of airports together cannot be determined. The amendment will insert an enabling provision in the original Act for tariff determination of a “group of airports”.
The Bill was first introduced in March 2021 but was referred to the parliamentary standing committee on transport, tourism and culture.
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Ports, shipping and waterways minister Sarbananda Sonowal will also introduce the Inland Vessels Bill in Lok Sabha. The proposed legislation seeks to replace the Inland Vessels Act, 1917, for the regulation of the safety, security and registration of inland vessels. The union Cabinet approved the Bill on June 16.
Union finance minister Nirmala Sitharaman will introduce the Factoring Regulation (Amendment) Bill, 2021 in Rajya Sabha. The Bill was passed in the Lok Sabha on Monday. The Bill seeks to liberalise the Factory Regulation Act of 2011 by widening the scope of entities involved in the factoring business. Key changes include modifications in the definitions of receivables, assignment, and factoring business.
