Rent Deference During the Pandemic

“I found a family of mice in my pile of empty pizza boxes. I want a discount on rent.”

 The outbreak of COVID-19 is a global pandemic and on March 14, 2020 the government of India declared COVID-19 as a "notified disaster". The Coronavirus pandemic has prompted the nation to its most jarring standstill in a long time. The lockdown has slowed down markets, admission to law colleges for aspiring lawyers, Court systems, factory operations and several businesses, affecting employment and source of income of many.

Introduction

Rental agreements in India are the most common types of agreements as India being one of the most populated countries, does not have enough resources and utilities per capita. People here work by renting places, and most of the outstation employees, workers and students of top law colleges in Delhi NCR who come to work and study also prefer to stay in a rented flat. It is important and always advisable that property-related deals shall be secured through legally binding agreements on the parties involved, the important thing is that both the parties involved shall make use of a valid rent agreement format inclusive of all the clauses that shall be beneficial to both the parties and at its best shall protect the interest of both the parties. The agreement should work as a reference document for the parties involved. The rent agreement should be made keeping in mind all the legalities and legislation so that it is an error-free agreement and can be presented as collaborative evidence when a dispute arises among the parties.

These agreements are simple contracts which are legally enforceable in the court of law and is therefore made under the Indian Contracts Act, 1872. Any rental agreement which is made in keeping the mind, the essentials of a valid contract, is considered as a valid rental agreement.

Rental agreements are right now the centre of attraction, as its position in the time of Covid-19 is highly unstable. There are circumstances, under which, an individual is not using a place, but is still liable to pay the rent as per the agreements. Though there have been schemes and offers by the Indian government, still the relaxation policy for such agreements is unclear.  

Delhi High Court’s View 

One of the pertinent issues landlords and tenants in India are grappling with during the COVID-19 crisis is the suspension of monthly rentals during the government announced lockdown periods. 

In its judgment dated 21 May 2020 in Ramanand and Others v. Dr. Girish Soni and Others, the Delhi High Court (Court) has held that the period of lockdown on account of COVID-19 does not excuse the payment of rental amounts.

 Halt to education system

UNESCO figures indicate that over 32 crore students, across the world, from pre-primary to higher education levels, have been impacted by a lockdown in India. Coronavirus fractured a large chunk of India's education system. In the view of emergency caused due to COVID-19, the admissions to best law colleges in Greater Noida, and colleges of all the streams are undergoing a hard time.

Government Policies on Economic Relief to Affected Parties

•      The central government, along with a few state governments, that have cities with size able migrant, and floating populations have put in place regulations to help the middle class in need of financial respite.

•      The central government has mandated that no landlord shall collect rent for the next few months due to the pandemic. Other measures, including arranging special trains for transit have been arranged but for the sake of this paper, the notification dated 29th March is the sole focus since it relaxes rent collection obligations and places the same under the purview of Sec, 57 of the Disaster Management Act, mandating a year of imprisonment or fine.

•      The state governments of Karnataka and NCT Delhi have announced a similar measure in so far as both these states extend protection to all tenants and halts payment of rent for at least one month.

 

There are other ways through which the rent is reduced or waived off in these hard times. One of the ways is by directly convincing the owner of the property for some concession in the monthly payments of the rent till the nationwide lockdown is over.

The parties may execute an Addendum with the help of a legal entity or try to negotiate and put in writing and execute the Addendum. The strict requirement of compulsory registration of such pandemic time Addendums or novation of contracts, during these hard times, must be dispensed with by the governments so that there is no unnecessary hassle. 

Conclusion

Post Covid-19, there are significant changes that the country would witness. Similarly, the rental agreements will have to go through their own changes. However, it is important to understand that the basic structure of a rental agreement would not change. It might undergo some amendments, but its validity and the way they are made shall remain the same. It is advisable that once the things become normal, execution of such agreements shall be only made with the help of an experienced legal person to reduce such ambiguity in the future outcomes of the agreement. 

 

Career Pathways of B.com at IIMT Group of Colleges

The Bachelor of Commerce (B.Com) is one of the most popular undergraduate degrees that students adopt after completing 12 or equivalent. But always found the students confused about the information, what are the best career options after B.Com? There are many career options available to students after completing a bachelor's degree in commerce, but not all students are aware of the various routes they can follow to establish a successful career. After completion of Bachelor of Commerce (B.Com), students can work in public as well as in private sector. Students can join industry as a capacity of accountant, tax consultant, Auditor, Business Analyst, Finance Officer etc.

 It is mandatory for a commerce student to get a B.Com degree, but it is not enough. In today's day and age, it is not easy to get a high paying job after completing Bachelor of Commerce (B.Com). To pursue a well-established career after a B.Com degree, students have to take a post-graduation or professional certificate.

M.Com is a master’s degree in commerce; the duration for this is of two years. This degree helps the students to be master in the concepts they learned as a B.Com student and apply it in the professional world. Apart from commerce, this also focuses on fields of accounting, banking & finance, economics, business management, finance & control and taxation. M.Com is the ideal course for aspirants who wish to build a career in accounting, financial services and taxation sectors.

MBA is the second most popular postgraduate course opted by for B.Com students from top management college in Delhi NCR. During MBA students learn to manage all the aspects of a business based on the specialization they select. To get admission in a good college of MBA, students need to clear Common Admission Test (CAT) or MAT. Reputed and multinational companies hire fresh MBA graduates with a starting salary package from 5 lakhs to 25 lakhs per annum based on the skills of the students.

After completing B.Com, students who want a career as a school teacher opt simple but beneficial course B.Ed.,which is a 2-year graduate teaching program that is explicitly designed to allow students to build a career in academics. If students secure at least 55% in graduation from a recognized university in India, they are eligible for this course.

If students are looking for a creative job, digital marketing is one of the hottest fields right now because more and more companies are looking to establish their brand in digital domains. Digital marketing courses focus on topics like SEO, SEM, SMM, email marketing, content marketing, PPC, web design, and so on. After completing a digital marketing course, you can choose from job roles like digital marketing executive, digital marketing manager, SEO executive, social media marketing expert, content writer, search engine marketer, and much more. Almost all the multinationals and native companies hire for professional for digital marketing.

The Chartered Financial Analyst (CFA) is a globally recognized professional designation offered by the CFA Institute. The CFA course includes a wide range of topics in the domain of advanced investment analysis, including economics, statistics, corporate finance, financial analysis, security analysis, fixed income, alternative investments, and portfolio management. This is considered as one of the best courses after B.Com.

Since 2007 IIMT College of management is being the pioneer institute of management in Delhi & NCR. From 2016 and onwards college has cherished the B.com program. IIMT College of management provide better platform for their students in the field of commerce through the industrial visits and various workshops regarding the same, so that student could familiar with the industry and industrial activities and start their carrier  in corporate and other financial institutes. Students who want to go for MBA after B.Com, top b.com colleges inGreater Noida provide classes for preparation of CAT and MAT from second year. Considering digital marketing as a highly promising career choice IIMT College of Management provide digital marketing certificate courses during the third year of B.Com. The placement ratio of the students in various companies is very satisfactory since the course stared.

 

Why Choose IIMT College of Law?

IIMT College of Law, law college in Delhi NCR has achieved the distinction of being a reputed brand falling now in the list of the best law colleges inDelhi NCR in the field of education of law. The college lures students from all over the country for its professional and interactive methods of teaching comprising lecture discussions, CASE LAW method. The law college in Delhi NCR ensures the constant up gradation of its faculty members by organizing different programs of interaction the members of the Bar and the Bench. This Law College in Greater Noida gives a lot of impetus to legal research and scholarship. With the completion of 3 year programme student will be fully equipped with the required theoretical and practical knowledge in the field of law to become a full-fledged responsible member of the legal profession.

The law college in Greater Noida, one of the Best law colleges in Delhi NCR, has been granted affiliation by the CCS University for running a 5-year Integrated B.A.LLB programme and has the affiliation by the Bar Council of India. The BA.LL.B Programme is a five year course. Each academic year is divided into two semesters. The 2 years of study deals with the basic subjects of integrated law course i.e. arts and in the last three years legal subjects comprises the curriculum.

The best law colleges in Delhi NCR and outside are constantly endeavouring to ensure a curriculum which consolidates all such spheres of understanding to be extended to the students throughout their law course. Various lawcolleges in Greater Noida can be found in Delhi NCR, but to choose the right one at the right time becomes crucial for the students since it is not a mere course but a journey in itself where a person's present and future is moulded. It is rightly said that as one sows, so shall the person reaps; it hereby becomes significant that the students look out for a law college college in Greater Noida which caters to their personality development, legal and inter-personal skills required by them to excel in the legal profession in the future. IIMT College of Law, one of the best law colleges in Delhi NCR provides opportunities of internship to students at top-notch corporates, law firms, with senior advocates, etc. so that the students leave no stone unturned to sharpen their legal skills by having recourse to the practical world where the learnt knowledge of law in college needs to be applied for the good of the society.

IIMT College of Law, a law college in Greater Noida, rightfully is acclaimed as one of the best Law College in Delhi NCR for it successfully fathoms the need and utility of providing the right legal education using methods like lectures, moot court, case study, paper presentation, depending upon the topic. Various law colleges in Greater Noida can be found in Delhi NCR, but to choose the right one at the right time becomes crucial for the students since it is not a mere course but a journey in itself where a person's present and future is moulded. It is rightly said that as one sows, so shall the person reaps; it hereby becomes significant that the students look out for a law college college in Greater Noida which caters to their personality development, legal and inter-personal skills required by them to excel in the legal profession in the future. IIMT College of Law, one of the best law colleges in Delhi NCR provides opportunities of internship to students at top-notch corporates, law firms, with senior advocates, etc. so that the students leave no stone unturned to sharpen their legal skills by having recourse to the practical world where the learnt knowledge of law in college needs to be applied for the good of the society.

IIMT College of Law, Greater Noida- a subsidiary institution operative under aegis of IIMT Group of Colleges, Greater Noida - was established in 2014 and is recognized by CCS University Meerut and also approved by UGC and Bar Council of India. IIMT College of Law is providing BA.LL.B and LL.B. courses with an objective of imbibing academic excellence, upholding and maintaining the ethical values under the umbrella of Association of Management Studies. It is enriching knowledge, skills, attitudes and self-beliefs, so as to enable students to be successful in their future endeavor. IIMT College of Law, Greater Noida in Delhi NCR has a long list of its transcendentally structured and updates Legal Education and training modules especially designed to prepare learners to have swift access into profession and establish their own startups as well through Moot Courts, National Seminars, Debates, and Conferences etc. IIMT College of Law is all set to mark lead in legal education scenario in India.

Financial Implications of the Corona Virus

With the advent of the Corona virus (christened COVID-19 by the WHO) pandemic, Governments all over the world have imposed lockdowns various durations depending on the severity of the onslaught in their respective areas. The net result has been a slowing down of the world economy, loss of jobs and in certain cases, total wipe-out of small businesses in all corners of the world.

To offset of the effects of COVID-19, almost all governments have allocated finances to stabilize their economies and re- start growth. These measures are showing results and are succeeding in the intended outcomes. But, as the crisis gets prolonged, the questions that are arising are: Has the money been directed correctly? Is the allocation sufficient? It is estimated that a total of $13 trillion may have been allocated worldwide. Some researchers are estimating that the deficits may climb up to $30 trillion by 2023. To bring about a sustained prosperity, Governments and the Private sector must work hand-in-hand to overcome the disastrous after-effects of the economic slow-down due to this pandemic.

As far as India is concerned, it was already in an economic slow- down even before the pandemic had started. The pandemic has further deteriorated this slow-down to the extent that experts have predicted a growth rate of 3.1% for the financial year 20-21. The World Bank and other rating Agencies have already downgraded India’s growth rate for 20-21. It is feared that India may be tending towards a deep recession and the lowest growth rate since the economic liberalization in the 90s. It could also be the worst contraction since Independence in 1947.

Unemployment

The unemployment figures have risen from 6.7% to 27% till April, 2020. Salaries have  been reduced by many companies and households have experienced a drop in incomes as compared to the previous financial year. The sales of many commodities and consumer goods went down drastically hitting the manufacturing sector. Supply chains of many goods were disrupted leading to shortage of raw materials. Farmers engaged in growing perishables were hit because there was no transport available to carry them to the markets and no customers.

The unskilled labour working in the unorganized sector were hit the hardest with no jobs and no place to stay. There was mass migration which created a problem of huge proportions. The state and central governments took steps to solve the problem, albeit a little late.

Many companies in the large scale sector reduced their outputs temporarily. Startups were affected due shortage of funds and they had to resort to layoffs of their employees. FMCG companies also had to reduce their outputs and concentrated on only essential items. Stock markets also plummeted and recorded their lowest indices in the last so many years.

Relief Measures

The Government of India has announced a number of steps to tackle the economic situation. The deadline for filing Tax returns for both personal and corporate incomes has been extended till the end of the year 2020. Funds have been allocated to take care of food security, MSMEs, healthcare and other vulnerable sections of society. GST dues of states have been released to augment their treasuries. A number of relief measures for the poor amounting to Rs 17,000 crores were announced. The RBI announced measures to increase the liquidity with the banks to the tune of Rs374,000 crores. These measures were lauded by the various prominent agencies like the IMF, World Bank, etc. as steps in the right direction. A step was taken to reduce unnecessary expenditures in various  Government Departments. NBA accredited college, IIMT Group of Colleges, Greater Noida also helping poor and needy in this pandemic situation.

A month back, the prime minister, Shri Narendra Modi announced a package of Rs.20 Lakh crores to bring back the economy on its feet. Subsequently, the break-up of the money was disclosed. This included free food grains to the poor for a limited period of time.

The Government is hopeful that the actions taken would bring substantial results at the ground level and the economy will slowly return to normal by the end of FY 20-21. This is a very optimistic outlook.

We, at IIMT College of Polytechnic, one of the best polytechnic colleges in UP, offer a wide variety of career options to students who have completed their Higher Secondary. We train and nurture them such that they widen their canvas to be gainfully employed and become useful citizens of India.  

Indian Pharmacist Contribution to the World

Indian the pharmaceutical sector has aspects that make it distinct, considering its burgeoning medical products sector.

First, it dominates branded generics, making up 70 to 80 percent of the retail sector.It is likely to become a competitor of global pharmacy in some key areas and a potential partner in others.India has a substantial manufacturing industry; Indian companies are one of the global leaders in generic and vaccine producers. Since these two factors are becoming essential, Indian production companies and top pharmacy college in Delhi ncr are likely to play a significant role worldwide – and potentially partner with worldwide drug manufacturers to commercialize their products and services out of India. Second, veteran players had a dominant position that's been propelled by skills in formulating development or rather early investment. Although India stands tenth globally in terms of value, it's also placed 3rd in quantities. Such attributes introduce their opportunities and threats.

Besides, healthcare is now one of the Indian government's primary goals, and this has introduced new policies and regulations to encourage sustainable accessibility and utilization to quality health services. Global pharmaceutical marketplaces, additionally, will be in the throes of massive instabilities.Thus demand in developed economies will decelerate; developing economies will become ever more critical in the decade ahead.

From a historical perspective, pharmacy as a career path in India has been a steep road of approximately nine decades, and the issue should be where we hold mostly on the world stage. Knowledge-oriented growth strategy has allowed India to harness its demographic advantage.

The benefits of this approach are perceptible on both national and foreign market segments.

Indian pharmaceutical companies used to have a 5 % market share in 1969, whereas the multilateral pharmaceutical companies once had a 95% share of the market.

Multiple business sources claim that the business has expanded to 13-14 percent in the last five years a steep increase from the annual compounded rate of growth of 9 percent around 2000 and 2005.

By the end of 2019, it's the exact reverse, with Indian pharmacy players possessing a slice of virtually 85 percent while overseas pharmaceutical industry, Fifteen percent.

Indian companies have been efficient and effective over the past fifty years in both addressing domestic requirements but also cultivating a prominent position in the global medicinal environment.

India is contributing upwards of 20% by valuation to the transnational generics market, with Indian products contributing upwards of 40% (by volume) U. S. medications.The Indian business is valued at approximately $37 billion, with export earnings accounting for nearly $18 billion.Impressively, the value of Indian medications is among the cheapest in the world, partially as they're accompanied by rather fierce competition.The cheaper rates are rendering the medications desirable all around the globe.

Of quality implemented mostly by USFDA (India does have the world's leading number of USFDA-approved plants), and it has a credibility for cutting-edge specifications, India will be able to provide quality prescription drugs at reasonable prices.

Third, the Indian pharmacy sector is on the verge of producing a New Molecular Entity (NME) for the cure of a variety of health issues.Numerous Indian companies have molecules that are now in clinical studies. Inventing new prescription medications costs a lot of money, and indeed the government does have to establish the opportunities for sufficient profitability to invest in the new medicines, thus holding the corporations accountable for inventing new drugs for India and abroad.The Covid-19 catastrophe offers Indian drug companies a chance to participate in an even more significant role in global healthcare.

India provides a tremendous possibility and truly fulfills the position of 'the world's pharmacy’. The sector also has a worldwide presence and is an estimated net foreign-exchange earner of over $10 billion. During the Covid-19 crisis, the business sector has indeed undertaken many significant steps by supplying medications to many friendly nations.

By launching a structured export-incentive plan for Indian pharmaceutical manufacturers and B Pharma College in UP through education promote a greater flow of medicines to global markets in the medium term, this campaign can be made far broader. The pharmacy can do what software in the 1990s and 2000s was responsible for doing for India.

Also, Indian Pharmaceuticals has made significant progress as a sector domestically and abroad.

In the coming decades, it is poised for an even better and more significant role, and one has to be ready to leverage the tremendous window of opportunity and create a promising future for individuals and the world.

Career Path in BJMC at IIMT Group of College: A Top BJMC College in CCS University

IIMT College of Management is nothing less than the world of wisdom.We, at IIMT college of Management, are determined to impart quality education to our budding journalist to produce competent professional with the ability to lead in the present dynamic corporate media environment. Our mission is to inculcate ethical values in our students to convert them into better human being for our society.

IIMT College of Management is one of the best BJMC Colleges in Delhi NCR. It is situated in knowledge park - 3 area of Greater Noida. Greater Noida has emerged as the new educational hub in North India. It is well connected with Delhi and Noida. Most of National News channels are having their Studios and Main office in film city, Noida. IIMT College of Management is considered as the best BJMC College in Greater Noida.

 Bachelor of journalism and Mass communication or BJMC course is considered the course of new era. This field has emerged as a new career avenue in the modern era. This course is best suited for those students who have a spark of creativity and burning desire to excel in media industry.

We have a perfect blend of educationist and industry experienced faculties. Our faculties are enriched with  theoretical as well as practical knowledge. Students seek any sort of guidence here. We develop a Mentor system for our students here. In this system one faculty is considered a mentor for a specific group of students. The student may consult him for his any trouble or query not only related to college only but for his personal problems too. When never leave our students alone at the time of his depression and despair which is the most common problem in the young generation.

Our state of the art TV and Radio studios provide the practical knowledge of the field. We not only teach the theories of communication and journalism, but we also emphasise on the implementational aspect of knowledge. We have daily practical classes in TV and radio studios so that the student may get well versed with all the technical aspect of knowledge. We have latest version of cameras, teleprompter and other studio equipment. We teach editing on FCP ( final cut Pro) which is the most used editing software in media industry.

At, IIMT College of Management, we put hard labour to bring out the creative aspect of the student's personality. We leave no stone unturned to sharpen his creative abilities. We run creative writing classes. We organise many events like Documentary Fest, Still Photo Gallery, RJ Hunt, Anchoring competition, PTC Competition etc just to bring out the best from our students.

College run its own web news channel and national news portal IIMT NEWS which gives a unique opportunity to our students to get the work experience of real news world while studying.

Our students regularly visits to different national news channels like India TV, Zee TV, Network 18, ABP News etc and take part in their discussions and programs.

IIMT College of Management has an excellent placement record. It is considered as one the best placement college in the area of Journalism and Mass Communication. Our Training and Placement The cell provides Aptitude Classes, Personality Development Classes, Technical Training, Group Discussions etc. for the overall development of the students. Our students get full industrial exposure during their studying period. Our students have been placed in different channels and newspapers of national repute. Not only Journalism, but they are also placed in different advertising agencies and event management houses too. They are placed in companies like Network 18, Zee News, Dainik Jagran, Amar Ujala and many more with packages ranging from 2.40 LPA to 4.00 LPA.

Top BBA & BCA Courses & Personality Development are Intricately Connected

As students looking after a BBA or BCA course at any of the best business schools in India think to  pursue a course or any work for the best way to earning a living. Such is the situation when one selects to do a BBA or BCA program. Do you think the three-year-long educational plan of BBA or BCA program which includes study hall learning, contextual analyses, introductions, entry level positions, workshops, courses, and assessments.

The best placement colleges in their BBA or BCA course additionally shape characters by instilling important personality development skills in students that permit them to carry on with an all the more satisfying life. Here are the some skills which students get while doing BBA or BCA.

Proficient Code of Behavior and Ethics

The proper arrangement of a BBA or BCA program course expects understudies to be timely, satisfy participation necessities, submit tasks inside non-debatable cutoff times, give introductions, perform exercises in a group and to do the entirety of this with the furthest extent of demonstrable skill. BBA and BCA understudies are required to meet, associate, study and work with individuals from various foundations which call for bringing great habits, collaboration, congruity and good direct on the table.

Expert articulation and Ability To Influence People

Envision being advised to introduce a contextual investigation before several understudies and envision being disclosed to you will be evaluated for it! You will clearly focus in and buckle down towards conveying it in the most ideal manner; you will deal with your substance and your elocution, you will attempt to be innovative and make a remarkable impact on your grader. This is actually what BBA and BCA understudies experience often during the course.

Cleverness and Problem-Solving Skills

Any individual who is utilized to get coddled for settling on choices and for tackling issues may discover it extremely difficult to endure easily in a BBA/BCA school. Colleges and universities instructing BBA and BCA target creating independent people who can think and react quickly and settle on judicious choices. On the off chance that any issue shows up while directing exercises and occasions during your BBA or BCA, you are required to step up, act tranquilly and discover arrangements like a pioneer. You can't let any challenges cause you to feel disappointed or overpowered.

Mindfulness and Independence

One of the most significant things that the BBA and BCA educational plan accomplishes for an understudy is to hand them with enough chances to look for input and assess their presentation. Nothing that you do in a BBA/BCA school can be brushed far from anyone's regular field of vision – your prosperity and disappointments, your reasonable choices and moronic slip-ups are on the whole out there!

Organizing and Managing Time

A top BBA/BCA school to a driven hopeful is the thing that Disney World is to a five-year-old child – viz., an energizing spot overpowered with so much you would need to do in so brief period. BBA and BCA offers you the chance to plan an altered vocation map for yourself and take bearings in like manner.

Discovering Comfort Out Of A Comfort Zone

Not long after you start your BBA or BCA program study, you are tossed out of your usual range of familiarity and it is guaranteed that you can never enter it again. So as to set you up for the dynamic business world out there, new difficulties are tossed at you consistently and you are relied upon to get them all proficiently. So as to remain at the head of the game, you have to gain information and abilities ceaselessly.

Picking up The Confidence To Deal With The Uncertainties

The relentless modules of your BBA or BCA course flooding with circumstances will leave you with no an ideal opportunity to get disappointed or overpowered; you figure out how to proceed onward with both your victories and disappointments in the blink of an eye. You may perform well in one semester yet the following semester may go to be a fiasco. You may perform truly low scholastically yet get your examination get distributed in a famous paper.

Picking the correct course and school is an extremely testing task that requires examining your profile, assessing your profession objectives in regard to current patterns in different businesses and looking for top management college in delhi ncr and leadership from specialists who have just secured the excursion who want to cover. Presently you should be thinking about whether there is any one spot doing everything? All things considered, with regards to settling on something as groundbreaking as a BBA and BCA course, it is prudent to look for help from experts who are devoted to satisfying dreams and building magnificent vocations.