WDRA plans to ban physical warehouse receipts by March

January 05
03:28 2018
“We want to create awareness among our members about eNWRs. We have discussed in our board meeting issues for making eNWRs compulsory. We will shortly be making it mandatory for our members to issue eNWRs,” said P Srinivas, member, WDRA.

“This will be done by the end of March,” an official added.

According to existing regulations, all warehouses registered with the WDRA must issue only eNWRs. But they have been issuing paper-based receipts as well in order to source funds from financial institutions. 

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