SME Times is powered by   
Search News
Just in:   • Pakistan becomes member of CERN  • China's manufacturing activity declines  • In 7 years, India's population to overtake China's  • Speaking Pictures App VoxWeb Debuts on Android  • Pensions to be paid on funds availability: EDMC tells court 
Last updated: 27 Sep, 2014  

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

Rupee.9.jpg
   Top Stories
» Forex reserves up USD 322 million: RBI
» Core sector growth slows to 3 percent in June
» PM to launch first 'National Handloom Day' Aug 07
» Public sector banks to get Rs.12,000 cr from govt in 4 yrs
» Petrol cut by Rs.2.43 a litre, diesel by Rs.3.60
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
64.55
63.50
UK Pound
102.60
100.35
Euro
73.55
71.75
Japanese Yen 52.55 51.40
As on 02 Aug, 2015
  Daily Poll
Will market regulator's plan to simplify start-ups' listing help SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Tight credit: MSMEs in dire need of a solution(15)
» PMEGP to assist entrepreneurs financially: Dinesh Rai(3)
» Collateral free loans available for MSMEs: Minister(2)
» Over 5 lakh MSMEs reported sick till March: Giriraj(2)
» No financial aid for SMEs - blame our outdated bankruptcy system!(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter