Parliamentary Pressure: Cross-Party Consensus for Airfare Regulation
In a rare display of unity, Lok Sabha members from across the political spectrum rallied on July 26th to demand a regulatory mechanism for airfares. The call for intervention comes amidst growing concerns over unregulated pricing, alleged cartelisation, and the financial burden imposed on passengers, particularly the Indian diaspora.
Addressing Diaspora Distress and Unfair Pricing
Congress MP Shafi Parambil spearheaded the discussion with a private member’s resolution, highlighting the plight of the Indian diaspora who face exorbitant airfares, especially during peak travel seasons. He emphasized that the current pricing model is not market-driven but rather fueled by corporate greed.
Unveiling Cartels and Legacy Issues
BJP MPs Dushyant Singh, Nishikant Dubey, and Bhartruhari Mahtab joined the chorus, acknowledging the issue as a legacy problem stemming from policies enacted during previous administrations. Mr. Dubey specifically pointed to cartelisation within the aviation industry as a key driver of inflated fares. He also highlighted the need for a comprehensive approach that addresses international, domestic, and cargo transportation concerns.
Seeking Solutions: Quasi-Judicial Body and Holistic Approach
Mr. Dubey proposed a quasi-judicial body akin to the Securities and Exchange Board of India (SEBI) to oversee airfare regulation. He also suggested creating a mechanism similar to the Universal Service Obligation Fund in the telecom sector to ensure equitable service across regions. Mr. Mahtab echoed this sentiment,
Summary
The Lok Sabha discussion on airfare regulation reflects a growing consensus among lawmakers to address the escalating costs and alleged unfair practices within the aviation industry. The proposed solutions, including the establishment of a regulatory body and a fund to ensure equitable service, aim to provide much-needed relief to passengers and promote fair competition.
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