Higher air mishap damages |
The Indian parliament approved a bill providing for enhanced compensation to air travellers in case of death, injury, lost baggage or even inordinate delay in flights. The compensation for death in an air accident will be calculated on the basis of Special Drawing Rights (SDR).The bill intends to raise the liability limit for damages in case of death or bodily injury for each person from 100,000 SDR to 113,100 SDR. The currency value of the SDR is based on market exchange rates of a basket of major currencies — US dollar, euro, Japanese yen and pound sterling. As per the latest exchange rate, the compensation limit rises to more than Rs 1 crore. One SDR is equivalent to around Rs 93 at present. The bill also proposes to raise the liability for delay in carriage for each person from 4,150 SDR to 4,694 SDR, while the liability in case of destruction, loss, damage or delay of baggage will be raised from 1,000 SDR to 1,131SDR.
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