Centre to introduce Aircraft (Amendment) Bill
11-December-2019
The Centre will introduce an Amendment Bill in Parliament which will enhance the maximum fine limit on regulatory and other lapses found in aircraft operations.
The Union Cabinet on Wednesday gave its approval to introduce the Aircraft (Amendment) Bill, 2019 in Parliament. The Bill is intended to carry out amendments to the Aircraft Act, 1934.
"The Bill enhances the maximum limit of fine from the existing Rs 10 lakh to Rs 1 crore. It also enlarges the scope of the existing Act to include regulation of all areas of air navigation," an official statement said.
"The amendments would fulfil the requirements of International Civil Aviation Organisation (ICAO)."
Besides, the Amendment Bill will enable the three regulatory bodies in the sector namely Directorate General of Civil Aviation, Bureau of Civil Aviation Security and Aircraft Accident Investigation Bureau to become "more effective, which will lead to enhancement in the level of safety and security of aircraft operations in the country".IANS
After Six Years of Profitable Bootstrapping, Medulance Raises Rs 25 Crore to Expand Nationally
IIM Grad and First-Generation Entrepreneur Anish Popli's ProcMart Secures Rs 250 Crore in Series B Funding
First Indian Space Tourist Talks Dreams and Inspiration Before Blue Origin Flight
Former MLA Rathod Bapu Rao Switches from BJP to Congress in Telangana
Zerodha Co-Founder Nikhil Kamath Launches 'WTFund' to Support Young Entrepreneurs