Indian Parliament passes bill to give statutory status to aviation regulators
Sep 15, 2020, 13:00 IST
Parliament on Tuesday passed a bill which seeks to improve India's aviation safety ratings and provide statutory status to regulatory institutions, including the Directorate General of Civil Aviation (DGCA).
The Aircraft (Amendment) Bill, 2020 also provides for keeping aircraft belonging to the country's armed forces outside the purview of the Aircraft Act, 1934.
The Bill also proposes to increase the fine amount for violations of new rules from Rs 10 lakh to Rs 1 crore.
The bill was passed by voice vote in Rajya Sabha. It had got approval of Lok Sabha in March.
SEE ALSO: SpiceJet shares spike ahead of earnings— losses are certain, but cargo operations may hold some respite
EXCLUSIVE: IndiGo exec shares why it is the second-best performing airline stock globally this year despite record losses
Advertisement
The Aircraft (Amendment) Bill, 2020 also provides for keeping aircraft belonging to the country's armed forces outside the purview of the Aircraft Act, 1934.
The Bill also proposes to increase the fine amount for violations of new rules from Rs 10 lakh to Rs 1 crore.
The bill was passed by voice vote in Rajya Sabha. It had got approval of Lok Sabha in March.
SEE ALSO: SpiceJet shares spike ahead of earnings— losses are certain, but cargo operations may hold some respite
EXCLUSIVE: IndiGo exec shares why it is the second-best performing airline stock globally this year despite record losses