SME Times is powered by   
Search News
Just in:   • Sensex, Nifty in the red  • 'Central regulations for ayurvedic industry soon'  • Lok Sabha, Rajya Sabha adjourned till noon  • 'Gem & Jewellery sector provides maximum jobs to rural peoples'  • Morocco King, Nigerian President launch construction project 
Last updated: 27 Sep, 2014  

Rupee.9.Thmb.jpg Traders demand balanced rental act

Rupee.9.jpg
   Top Stories
» 'Gem & Jewellery sector provides maximum jobs to rural peoples'
» Centre takes initiatives to boost cashless digital payment
» Keeping fingers crossed on breakthrough in GST Council: FM
» Demonetisation: India Inc urges more public spending to limit GDP fall
» RBI to issue new Rs 50, Rs 20 notes soon, old notes valid
SME Times News Bureau | 09 Jul, 2013

The Confederation of All India Traders (CAIT) Monday asked the government to introduce a "balanced" and "people-friendly" rental legislation.

CAIT also demanded that prior to framing the law, serious consultations must be held with stakeholders and an expert committee should be constituted by the government comprising senior government officials and representatives of stakeholders.

"The issue of rent act in Delhi is hanging fire for the since last 18 years because tenants have been demanding a fair play and justice and to make the act a balanced legislation,” CAIT secretary general Praveen Khandelwal said here.

The new law, which the government is in the process of framing, will determine the rentals according to inflation rates. The cabinet would consider a proposal to repeal the Delhi Rent Act of 1995 (DRA) and withdraw the Delhi Rent (Amendment) Bill of 1997, CAIT said.

According to it, landlords will be allowed to evict tenants for their genuine requirement.

“The issue needs to be debated and legislated in a broader perspective. Since the Delhi Rent Act will affect rent laws of other states in the country, it has assumed much importance and as such a careful consultation is needed,” Khandelwal added.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
69.40
67.70
UK Pound
87.25
84.45
Euro
73.90
71.40
Japanese Yen 61.00 59.00
As on 05 Dec, 2016
  Daily Poll
Do you support Modi government's demonetisation move?
 Yes
 No
 Can't say
  Commented Stories
» Moving to a cashless economy(23)
» Starting an import export business: Basic guide for beginners(5)
» Govt mulls 'Online Udyog Aadhaar Form' to ease SME registration(2)
» 'Jio users to get free voice, data till March 31'(1)
» Modi again seeks support for demonetisation(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter