Government proposes amendment to Electricity (Late Payment Surcharge) Rules

Source: PIB What is the News? The Ministry of Power has released the draft Electricity (Late Payment Surcharge) Amendment Rules, 2021. Purpose of the Amendment: The Rules seek to amend the norms for facilitating electricity generators to sell power to third parties. This can help reduce fixed costs and cut retail tariffs for electricity consumers.… Continue reading Government proposes amendment to Electricity (Late Payment Surcharge) Rules

Airports Economic Regulatory Authority of India Bill 2021 passed in Parliament

Source: PIB What is the News? Parliament has passed the Airports Economic Regulatory Authority of India (Amendment) Bill, 2021. Purpose of the Bill: The bill seeks to amend the Airports Economic Regulatory Authority of India Act, 2008. The 2008 Act established the Airport Economic Regulatory Authority (AERA). AERA regulates tariffs and other charges (such as… Continue reading Airports Economic Regulatory Authority of India Bill 2021 passed in Parliament

Indian Vessels Bill, 2021

Introduced: Lok Sabha (22nd Jul 2021) Passed: Lok Sabha on 29.07.2021 Present status: Passed by Rajya Sabha on 2nd Aug 2021 About Indian Vessels Bill, 2021: Indian Vessels Bill seeks to replace the Inland Vessels Act, 1917. The bill aims to regulate the safety, security and registration of inland vessels. Key Features of the Indian… Continue reading Indian Vessels Bill, 2021