Kerala IT News Coverage

V K Mathews to steer GTech; New Officials announced

The Group of Technopark Companies (GTech), has announced its new office bearers for the year 2010 - 2012. V K Mathews, Chairman & CEO, IBS Group has been nominated as the new President. GTech is a strategic Grouping of IT & ITeS Companies in Kerala.

K Nanadakumar, President & CEO, SunTec Business solutions has been nominated as the Vice President. Anoop P Ambika, CEO, Kreara solutions and Syed Ibrahim, MD, Palnar Transmedia have been nominated as the Secretary and Treasurer.

Talking to Kerala IT News, Binu Sankar, CEO, GTech said, "I hope the new office bearers will help and guide GTech to be a catalyst in promoting and positioning Brand Kerala as an IT destination. GTech wants to leverage on the global connections and the vast expertise of Mathews and Nandakumar, especially to benefit the Small and Medium companies and help them set new benchmarks."

Mathews is an Engineer with a master’s degree in aeronautical engineering from IIT Kanpur and has held important positions earlier in Government agencies, Business Organisations and Academic Institutions. Nandakumar is a technologist who has pioneered the idea of Relationship based pricing in the Financial Services Industry.

V K Mathews of IBS nominated as the new President of GTech

Mr. V K Mathews. Chairman and CEO of IBS Group have been nominated as the new President of Group of Technopark Companies (GTech). GTech is a strategic Grouping of IT/ITES Companies in Kerala. An Engineer with a master’s degree in aeronautical engineering from IIT Kanpur, Mr. Mathews have held important positions in Government agencies, Business Organisations and Academic Institutions.

Mr. K Nanadakumar, President and CEO of Sun Tec Business solutions have been nominated as the Vice President. Mr. Nandakumar is a technologist who has pioneered the idea of Relationship based pricing in the Financial Services Industry.

Mr. Anoop P Ambika , CEO of Kreara solutions and Mr. Syed Ibrahim, Managing Director, Palnar Transmedia have been nominated as the secretary and treasurer for the year 2010-2012.

Inclusive and Green Budget: GTech

Group of Technopark companies (GTech) have appreciated the state Government for presenting a Budget aimed at the Inclusive Growth of the economy. In a press release issued to the media, GTech felt that the initiative to launch a Green fund would help in mitigating the challenges posed by Global Warming and also in preserving the Environment. GTech also appreciated the Government Budget Proposals aimed at Infrastructure development, ensuring Food Security, providing health insurance and Urban Job creation and said that this would create an enabling environment for Growth and Equity.

GTech also welcomed the proposals of the Government to speed up the IT/ITES Infrastructure development in the state and also for the proposal to establish an ICT Academy in Thiruvananthapuram.

Business Line Coverage of GTech's Budget Statement

Budget regressive, inflationary'

Vinson Kurian

Thiruvananthapuram, March 1

The Kerala Finance Minister, Dr T. M. Thomas Isaac, has said that the Union Budget presented on Friday was not just regressive in intent but could also potentially trigger fuel-led inflation.

Speaking to Business Line, Dr Isaac said here that the total expenditure proposed in the Budget estimates for 2010-11 represented a rise of only 8.6 per cent over those in the revised estimates.

Headline inflation

This pales into insignificance when considering the runaway growth in headline inflation. In real terms, there has been a negative growth in budgeted expenditure, which would harm the economy even as it is just emerging out of a recession. Upward revision of excise levy on diesel and petrol would trigger a fuel-led inflation across the country, especially in largely consumerist Kerala. All indirect tax proposals would all hit the State's economy badly. Covert attempts to cut food and fertiliser subsidy was another major setback.

The Union Finance Minister should have come clean on the expected proceeds from the sale of spectrum for 3G services. This is a clear instance of an entry that needs to go under the head of capital receipts.

Mr Pranab Mukherjee will be ill-advised to appropriate the same under revenue receipts and stealthily claim attendant benefits from this none-too-transparent style of book-keeping, Dr Isaac said.

Group of Technopark companies (GTech) here has described the Union Budget as a focussed and balanced one, aimed at putting the country back on the path of economic growth.

It said that the allocations for infrastructure, agriculture and health would ensure sustainable growth. Containment of the fiscal deficit to 5.5 per cent would send a positive signal to investors.

But GTech was disappointed at the increase in MAT (minimum alternative tax) from 15-18 per cent . This will hit the mid-size IT companies operating in the State.

It felt that the STPI scheme should have been extended till 2015 to support IT companies operating in tier 2 and tier 3 cities.

A Brief History of My Grandfather

Kannettil Ayurvedic Development Society & RPM Chikitsa Kendram is one of the most well-known and best Ayurveda hospitals in Kollam district in Kerala. It has a working experience of more than 97 years.

Late Vaidyakalanidhi P Raghavan Pillai founded it. He was born as the eldest son of Late Neelakanda Pillai, who was conducting Ayurveda practice as paramparya Vaidyan (traditional Ayurveda practcioner). Sri Raghavan Pillai was a disciple of Sree Narayana Guru, the famous social reformer and versatile genius of India and learnt the divine language “Sanskrit” which is considered as the soul of the Ayurvedic science. But his thirst for study made him to join the Sanskrit school and vaidya sastri (Ayurveda) in Changankulangara, Ochira. There he got the chance of becoming the student of Great Vaidyas including Cheruthitta Shankara Pillai. He passed from there with first class and joined the Trivandrum Ayurveda College in the first batch. During the period of studies, he was the best student in the college and he passed out from college with very good result. He enrolled in the Travancore-Cochin Medical counsel with registration no. 24.

The interest in service forced him to start a hospital rather than centering the practice as folk medicine with his father. So he started a clinic in his own village in karunagapally near to his house and named “Dhanwanthari Vilasam Vaidyasala”. Within a short spam of time, he developed the hospital by including inpatient departments and panchakarma departments. And thus it became one of the oldest Ayurveda hospitals with inpatient department and panchakarma in Kollam district.

He was a person with so many special qualities in treating patients among which his love and caring nature to the patients is very famous. He never failed to handover medicines to patients with his own hand after praying God and remembering his Guru, even in a busy situation.
In 1943, he was married to Smt. Madhavakuttiamma. After giving birth to two male children, she expired in the year 1949. He over come the tough situation with the small kids in the absence of his beloved wife.

In 1951, Dr. Pandavathu K Thankamani Amma lighted his life as his wife and thereafter she was with him for each and every step and development of the hospital and pharmacy. As their assistants, their sons; Dr. Ramachandran Pillai and Dr. Shankara Pillai were with them.
The second stage of development started with the starting of the new-sophisticated manufacturing wing with the most modern machineries and the new buildings for hospitals. The new hospital was inaugurated by ex. speaker R Shankaranarayan Thambi on May 1st 1986.
In the course of time, new buildings were constructed for hospital and manufacturing section. Now the hospital is under the management of Dr. Shankara Pillai, the son of founder and a medical graduate.

Now the pharmacy has the facilities of “GMP” standards as fixed by the government for the high standards in manufacturing Ayurvedic medicines. The hospital has well equipped panchakarma theater with well trained staffs.

Indian Express Coverage on the Union Budget

Budget balanced, says GTech

THIRUVANANTHAPURAM: The Group of Technopark companies (GTech) has described the Union Budget as ``focused and balanced’’.

It is aimed at putting the country back on the economic growth trajectory, GTech said in a release here on Friday. GTech, however, expressed its disappointment over the increase in MAT from 15 to 18 percent.

"This increase in the MAT would hit the mid size IT companies operating in the state,’’ the release said

Hindu Coverage of the Budget

Budget focussed, balanced: GTech

Special Correspondent

Thiruvananthapuram: The Group of Technopark Companies (GTech) has lauded the Union government for presenting a “focussed and balanced” budget, aimed at putting the country back on the growth trajectory.

In a press note issued here on Friday, GTech said the budget allocation for infrastructure, agriculture and health sectors would ensure the sustainable growth of the economy. Hailing Finance Minster Pranab Mukerjee for fiscal prudence in containing the fiscal deficit to a new target of 5.5 per cent, GTech felt that this would send a positive signal to investors on India’s economic outlook.

GTech welcomed the proposals like changes in the income tax slabs, surcharge reduction to 7.5 per cent, maintaining status quo on service tax, implementation of the Uniform Direct Tax Code and Goods Services Tax (GST) by April 2011 and simplification of the refund of the accumulative credit to exporters in the IT and the BPO space. However GTech expressed disappointment over the increase in MAT (Minimum Alternate Tax) from 15 per cent to 18 per cent. This increase in the MAT would hit mid-size IT companies.