Yashwant Bhave takes over as Chairperson, AERA

Yashwant S. Bhave today took over as the first Chairperson of the Airports Economic Regulatory Authority (AERA). With the joining of Bhave, AERA is likely to commence its regulatory functions within the next few months.
Government has recently constituted the AERA for economic regulation of the airport infrastructure sector. In terms of the Airports Economic Regulatory Authority of India Act, 2008, the AERA has been assigned the functions of determining the tariffs for aeronautical services rendered at all major airports, including for air navigation services, the fixation of Development Fees and Passenger Service Fees. AERA will also monitor the set performance standards relating to quality, continuity and reliability of services at these airports.
AERA is expected play a crucial role in economic well being of the vital airport infrastructure sector in the country. The present downturn in the aviation sector is likely to pose an immediate challenge to AERA as it will have to ensure that the airport charges are calibrated so as not to unnecessarily burden the airlines and passengers and at the same time are remunerative enough for airport operators who are investing heavily in upgradation and modernization.
Bhave is a retired officer of Indian Administrative Service (1972 Batch). He is a Master of Science with Electronics as a specialization and Master of Public Administration from Harvard University. During his career spanning 37 years with the Government, he has held different positions in the Government of Maharashtra like CEO of Maharashtra Industrial Development Corporation, MD of Small Scale Industries Development Corporation, MD of State Financial Corporation, Chairman of State Electricity Board, Development Commissioner (Industries) and Principal Secretary of Department of Industries. In the Government of India, he has served in the Department of Information Technology, Department of Administrative Reforms, Pensions and Public Grievances as well as Special Secretary, Telecom and Secretary, Telecom Commission. His last posting was as Secretary, Department of Consumer Affairs.
01/08/09 Press Information Bureau

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Categories: Airports Aug 2009