SME Times is powered by   
Search News
Just in:   • India, Canada sign two MoUs to help skilling in apparel sector  • Exports must for economic growth  • Sensex closes 210 points down; healthcare stocks hit   • Asian-African Business Summit begins in Indonesia  • Carzonrent buys out car-pooling firm Ridingo 
Last updated: 27 Sep, 2014  

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

Rupee.9.jpg
   Top Stories
» Rich nations' monetary policies threaten stability: FM
» Rahul attacks Modi, says suit-boot govt has forgotten farmers
» Land ordinance pro-farmer, pro-poor: BJP
» Gold sales to rise 25 pc on Akshaya Tritiya
» Look forward to a productive parliament session: PM
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
63.00
62.00
UK Pound
94.20
92.10
Euro
68.20
66.50
Japanese Yen 52.55 51.35
As on 21 Apr, 2015
  Daily Poll
Do you agree that Jaitley's Union Budget 2015-16 has neglected the SME sector?
 Yes
 No
 Partially Agreed
  Commented Stories
» MSME schemes - Do you know all of them?(4)
» Late payment: RBI move not enough for SMEs(3)
» MUDRA Bank: 5.77 cr SMEs to be provided easy finance(3)
» Saudi keen to participate in 'Make in India': Ambassador(2)
» Starting an import export business: Basic guide for beginners(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter