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Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Step 1 – Issue Identification & Review
The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.
• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required
Step 2 – Draft Generation
Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.
• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review. 
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Press Information Bureau
Government of India
Ministry of Corporate Affairs
20-December-2012 19:29 IST
The issue related to the four per cent interest rate being paid by all public sector banks on savings bank deposits despite the Reserve Bank of India moving to an unregulated regime in October, 2011 was considered by the Competition Commission of India. Giving this information in written reply to a question in the Lok Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, however, said that in the absence of sufficient information/material, the Commission decided not to pursue the matter.
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KKP
Uniform interest rate on savings accounts challenged after banking deregulation; competition authority declined investigation for lack of information. The Competition Commission of India reviewed the persistence of a uniform interest rate on savings bank deposits among public sector banks following the Reserve Bank of India's move to an unregulated regime, and decided not to pursue the matter because it found the available information and material insufficient to justify further action.Press 'Enter' after typing page number.