The Centre has proposed big amendments to the Warehousing Development and Regulation Act (WDRA), 2007 by making registration of godowns compulsory and sharply hiking the penalty for various offences, says a senior Food Ministry official.
In the amendment bill, the government has also proposed simplified registration process, accepting negotiable receipts only in electronic form, more powers to regulator Warehousing Development and Regulatory Authority (WDRA) to investigate, take enforcement action, impose monetary penalty and adjudication.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.