Lok Sabha takes up bill to amend warehousing act

Posted on 19th Mar 2015 11:28 am by mohit kumar

New Delhi, March 18 (IANS) The Lok Sabha on Wednesday took up for discussion the warehousing corporations amendment bill which seeks to remove the provision about the central government's responsibility being a financial guarantor to the corporation.

The bill was moved for consideration and passage by Food and Consumer Affairs Minister Ramvilas Paswan. The bill seeks to amend the Warehousing Corporations Act, 1962.

According to the statement of objects and reasons of the bill, the Central Warehousing Corporation has been awarded a mini-ratna status by the department of public enterprises.

It says that one of the criteria to be a mini-ratna enterprise is that there should be no financial support from the government to the enterprise and it should not depend on any budgetary support.

The amendments aims at absolving the central government of its responsibility of being a guarantor.

Other news

Army Chief Narwane talks with the UAE commander on defense cooperation, discussed many other issues

The Chief of the Indian Army, General MM Narwane, met the Commander of the UAE's Land Army and St

Uphill task for Kashmir's first professionally-qualified finance minister

Jammu, March 17 (IANS) The PDP-BJP coalition government in Jammu and Kashmir faces its first ma

Air India: Emirates airline chief said, if Tata Group cannot bring Air India back on track, no one will be able to do so

Tim Clarke, chairman of Emirates, one of the world's largest airlines, has said that it is not ea

Varanasi: Judge who ordered survey in Gyanvapi campus transferred to Bareilly, received threatening letter a few days ago

The Allahabad High Court on Monday transferred a total of 619 judicial officers posted in differe

World Health Day 2023: Why celebrate World Health Day? Learn its history and this year's theme

World Health Day 2023: WHO (World Health Organization ie World Health Organization) celebrates Ap

Farmers Protest: Government again invited farmers' organizations for talks, Agriculture Minister said - it is necessary to maintain peace

Till now, no agreement has been reached between the Central Government and farmer organizations o

Coronavirus Updates: Corona cases decreased again in the country, with 4129 cases registered in 24 hours; 20 people died

There is a steady decline in the cases of corona in the country. The Health Ministry said that in

RJ Mahvash: 'I did not win the game but won the heart', disappointed, Mahvash shared a post; Users said- where are you, Chahal bhai?

RJ Mahvash was seen supporting Yuzvendra Chahal's team, the Punjab Kings, during the IPL match. R

Uddhav government in action: 86.4% patients recover in Maharashtra, government preparing 1000 family doctors to deal with the third wave

During the last 24 hours in Maharashtra, 48,401 new infected were found, 60,226 patients recovere

Statue Of Unity Put Up On Sale For Rs 30,000 Crore On OLX To Fight Coronavirus, Case Filed

गुजरात पुलिस ने राज्य में एक अज्ञात व