Rajya Sabha Passes Bill to Prevent Misuse of Railway Wagons by Traders
3 hours agoPolitics
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1 SourcesNew Delhi, India
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Rajya Sabha Passes Bill to Prevent Misuse of Railway Wagons by Traders

The Rajya Sabha passed the Indian Railways (Amendment) Bill, 1976, to expedite the disposal of undelivered goods. The bill aims to prevent anti-social traders from using railway wagons as warehouses, thereby creating artificial scarcity and inflating prices. It allows for goods not collected within seven days to be transferred to government agencies or sold via public auction, with proceeds going to the owner after deducting costs. This measure replaces a presidential ordinance from September 1975.

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