Friday, 24 March, 2023

Govt waives off four months rent for IT companies operating out of STPIs 

<p>The government waived rents that IT and ITes companies operating out of 60 STPIs for four months. Union IT minister Ravi Shankar Prasad in a tweet said, &quot;IT units/startups operating from 60 STPI Centers across India have been granted waiver from paying rental for period between 01.03.2020 and 30.06.2020. This will benefit nearly 200 small &amp; medium IT/ITeS units supporting 3,000 direct jobs.&quot; The cost of the waiver is estimated at around Rs 5 cr.</p>