Government waves off rent worth Rs 5 cr of mini IT Units operating from SPTI centers
By MYBRANDBOOK
The government has decided to waive off the rent being paid by IT units till June; that is for a period of four months. This will certainly come as a huge relief to IT and ITeS companies operating out of Software Technology Parks of India.
Union Minister of Electronics and IT, Ravi Shankar Prasad said in a tweet, "IT units/ startups operating from 60 STPI Centers across India have been granted waiver from paying rent for the period between 01.03.2020 and 30.06.2020. This will benefit nearly 200 small & medium IT/ITeS units supporting 3000 direct jobs."
The total cost of the rental waiver provided to these units during the four months period from 01.03.2020 to 30.06.2020 is estimated to be around Rs 5 Crore.
STPI is an autonomous society under the Ministry of Electronics & Information Technology and it has 60 centers across the country.
"The initiative to provide rental waiver to the units located in these centers will provide relief to the industry in this crisis situation emerged due to COVID19 pandemic. This initiative will provide benefit to nearly 200 IT/ ITeS MSMEs, operating from these 60 STPI centers," a statement issued by a news agency confirmed.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
ICONS OF INDIA : RITESH AGARWAL
Ritesh Agarwal is an Indian billionaire entrepreneur and the founder a...
ICONS OF INDIA : RAJESH NAMBIAR
Rajesh leads the company’s India associates and enhances relationshi...
Icons Of India : Dr. Sanjay Bahl
Dr. Sanjay Bahl has around four decades of experience in the ICT indus...
NIC - National Informatics Centre
NIC serves as the primary IT solutions provider for the government of ...
GeM - Government e Marketplace
GeM is to facilitate the procurement of goods and services by various ...
IREDA - Indian Renewable Energy Development Agency Limited
IREDA is a specialized financial institution in India that facilitates...
Indian Tech Talent Excelling The Tech World - REVATHI ADVAITHI, CEO- Flex
Revathi Advaithi, the CEO of Flex, is a dynamic leader driving growth ...
Indian Tech Talent Excelling The Tech World - Aneel Bhusri, CEO, Workday
Aneel Bhusri, Co-Founder and Executive Chair at Workday, has been a le...
Indian Tech Talent Excelling The Tech World - Steve Sanghi, Executive Chair, Microchip
Steve Sanghi, the Executive Chair of Microchip Technology, has been a ...