Your browser is not supported for the Live Clock Timer, please visit the Support Center for support.

Covid-19;Govt. announces resurgent measures for Kerala IT parks to tide over the difficult time

To the great relief to the IT/ITes Companies and Establishments operating from the Government owned buildings, the government on Monday has announced resurgent measures to tide over the economic crisis faced by these companies due to the outbreak of Covid-19 and subsequent lockdown. The decision has been made by the government to waive off the rent for the months of April, May and June for all those IT/ITeS companies who have taken up to 10,000 sq.ft of IT space for rent.  The same is applicable to the incubation centers operating from the IT parks. A moratorium for three months have been offered to those companies who have taken more than 10,000 sq.ft space in the IT parks.

Rent has also been waived for all non-IT shops or establishments like restaurants functioning within the Government IT parks who operate out of the government buildings. The annual rent escalation of 5 percent in IT/ non IT office space, shops establishments in government owned buildings within IT parks will not be implemented during the financial year 2020-22 and the same rate card as in the last financial year will be applicable. Surcharge on rental is also waived across all categories for six months, i.e. from April to September of 2020. As a special scheme, IT/ ITeS companies who have started operation on or before the 31st March 2021 at any of the government IT parks may avail rent waived for the first three months on operation commencement.

Since with the lockdown there has been a considerable level of reduction in the usage of power and the benefit of reduction in electricity bill will be extended to the end user. The Chief Executive Officer of the IT parks has been entrusted to look into the matter of subsidizing the electricity tariff and the electricity charge to be re-assessed for the month of April, May and June 2020. The requests of tenants/clients who have taken land on long term lease from the IT parks to be given up to six months of additional time for commencement or completion of building over and above the deadline as per the agreement. Concessions on penalty in this regard will be evaluated and recommended by an expert committee comprising of the Chief Executive officer, IT Parks Kerala (Convener), Managing Director, Kerala State IT Infrastructure Ltd (KSITIL), Chief Executive Officer, Kerala StartUp Mission (KSUM) and Director, Kerala State IT Mission.
The decision of the government has come after the Chairman, Group of Technologies (GTech) has submitted a proposal seeking support to the IT/ITeS Companies/establishments operating from the buildings owned by Government IT Parks to tide over the difficulties the companies have to face during the pandemic crisis.

More News from business

Prayaga Martin to grace the much-awited wedding sequence in “Manampole Mangalyam”

CNM Entertainment Desk  The popular serial of Zee Keralam channel, Manampole Mangalyam is ready to give a visual treat for the audience.The serial will soon air the most awaited wedding ceremony of Meera and Aravind Raja with some great nail-biting twists and turns . The show, which restarted after a break due to the lockdown […]

Anna Ben and Sunny Wayne starrer Malayalam romantic comedy:watch trailer here

  CNM  Movie Reporter Adding to the roaster of diverse and exciting Malayalam films, Amazon Prime Video today announces its latest direct-to-service offering – an unconventional romantic comedy Sara’s starring popular actors Anna Ben and Sunny Wayne. Directed by Jude Anthany Joseph and co-produced by P.K Murali Dharan and Santha Murali, Sara’s is a story of young […]

Crime thriller ‘Cold Case’ ; song Eeran Mukil released

CNM Movie Reporter The murder and mystery witnessed in the trailer of Cold Case has already built high anticipation among film fans for the much-awaited investigative crime thriller. To give a wider glimpse of this riveting plot starring Prithviraj Sukumran and Aditi Balan, Amazon Prime Video today released a promo of a beautiful song , […]

Recent News

Education

IM Kozhikode and India Post come together to release special commemorative postal cover to mark institute Silver Jubilee

September 16, 2021

 Director IIMK also dedicates ‘Gurukul’ learning center and new website to institute stakeholders CNM Education Reporter To mark an epoch-making twenty-five years of the journey of IIM Kozhikode, the country’s premier government B-School, India Post (Department of Posts, Govt. of India) and IIM Kozhikode together released a commemorative ‘Special Cover’, here at the Institute premises […]

IIM Kozhikode climbs two spots to attain career best rank 4 in NIRF 2021 Management Rankings

Mumtaz Begum,CNM Education  Making its Silver Jubilee Year all the more special, IIM Kozhikode has attained rank 4 in the coveted NIRF India Rankings 2021 released today by the Ministry of Education. The National Institutional Ranking Framework (NIRF), introduced by the Ministry of Education since 2015, outlines a methodology to rank institutions across the country, […]

September 9, 2021

NEET UG 2021 admit card released

CNM Education Reporter The National Testing Agency (NTA) has released NEET UG 2021 admit card.The applicants can download their admit cards from: https://neet.nta.nic.in    

September 7, 2021

More News