A bill to revise the liability limits of airlines on compensation for death, injury and loss of baggage and cargo was introduced in Lok Sabha today, under which the compensation for death in an air accident goes up to over Rs one crore from almost Rs 89 lakh now.
The Carriage by Air (Amendment) Bill, 2015, introduced by Civil Aviation Minister Ashok Gajapathi Raju, would enable the government to revise the liability limits of air carriers in line with the Montreal Convention, which was acceded to by India in May 2009.
As per the revised compensation package, the bill intends to review the liability limit for damage in case of death or bodily injury for each person from 1,00,000 SDR (special drawing rights) to 1,13,100 SDR.
As per the latest exchange rate, the compensation limit rises to over Rs one crore from almost Rs 88.71 at present. One SDR, as on August 6, is equivalent to Rs 88.71.
Read news in full 07/08/15 PTI/Economic Times
The Carriage by Air (Amendment) Bill, 2015, introduced by Civil Aviation Minister Ashok Gajapathi Raju, would enable the government to revise the liability limits of air carriers in line with the Montreal Convention, which was acceded to by India in May 2009.
As per the revised compensation package, the bill intends to review the liability limit for damage in case of death or bodily injury for each person from 1,00,000 SDR (special drawing rights) to 1,13,100 SDR.
As per the latest exchange rate, the compensation limit rises to over Rs one crore from almost Rs 88.71 at present. One SDR, as on August 6, is equivalent to Rs 88.71.
Read news in full 07/08/15 PTI/Economic Times
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