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Tuesday Feb 07, 2023

Tag: deposit

SBI Annuity Deposit Scheme | Great scheme of SBI! Deposit money in the scheme once, it will be spent every month

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SBI creates separate clause for loan to MSME, agriculture sector

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Delhi: If you want to earn every month, then you can earn well by investing in this scheme of State Bank of India (SBI). By depositing money once in the term deposit scheme of the bank, you can remain worry-free for a long time. After this, on maturity, you will get the principal and interest together. State Bank of India (SBI), the country’s largest public sector bank, keeps launching various schemes from time to time keeping in mind the needs of its customers. Some customers want to invest money in a scheme where they will receive a lump sum amount in future. On the other hand, some people try to invest their retirement money where they get a fixed amount every month, which they can use as pension or salary.

Can get minimum monthly income of Rs 1,000

If you are also looking for such a scheme, then SBI’s Annuity Deposit Scheme would be the right option. Under the State Bank of India (SBI) Annuity Deposit Scheme, if you deposit a lump sum amount in the bank every month, you will get income in the form of installments. Interest on bank deposits is calculated at an interest rate compounded every 3 months. After that you get a fixed amount deposited in your account every month. With this plan, you can get a monthly income of at least Rs.1,000. After investing in this scheme you will get monthly income including interest in your account on 29th, 30th or 31st.

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You can invest for 36, 60, 84 or 120 months

After deducting TDS, the annuity amount gets deposited in your savings account. So you can invest in Annuity Deposit Scheme for 36, 60, 84 or 120 months. There is no limit on the maximum investment in this scheme. Any Indian citizen can invest in this scheme. A Universal Passbook will also be given to the investors of this scheme. Where the facility of this scheme is available to minors, the account can be opened in both single or joint mode.



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NCLAT Directs Google | NCLAT directs Google to deposit 10% of Rs 1,337.76 crore fine

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NCLAT directs Google to deposit 10% of Rs 1,337.76 crore fine

New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday directed Google to pay 10 per cent of the Rs 1,337.76 crore fine imposed on it by the Competition Commission of India (CCI). A two-judge NCLAT bench refused to immediately stay the implementation of the penalty imposed by the CCI and said it would pass an order only after hearing the other parties.

The appellate tribunal issued notice to the CCI and directed it to list the matter for February 13 for hearing on the interim stay. The NCLAT direction came on Google’s plea challenging the CCI order on abusing its dominant position in multiple markets in the Android mobile device ecosystem and said the order was injurious to Indian consumers. There is a setback and this will make such equipment more expensive in the country.

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The CCI had imposed a fine of Rs 1,337.76 crore on Google on October 20 last year in this case. Further, the CCI had directed the Internet major to cease and desist from unfair trade practices. Google had appealed to the NCLAT against the CCI order regarding unfair trade practice in the matter of Android mobile device ecosystem and sought an interim stay on the penalty. (agency)



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Google CCI case nclat directs deposit 10 percent of 1337 cr penalty detail is here – Business News India

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After the Competition Commission of India ie CCI, the search engine Google has now also received a setback from the National Company Law Appellate Tribunal (NCLAT). In fact, the NCLAT directed Google to pay 10 per cent of the fine of Rs 1,337.76 crore imposed on it by the Competition Commission of India (CCI). Accordingly, Google will have to deposit Rs 137 crore immediately.

A two-member NCLAT bench refused to immediately stay the implementation of the penalty imposed by the CCI and said it would pass an order only after hearing the other parties. Simultaneously, the Appellate Tribunal issued notice to the CCI and directed it to list the matter for hearing on February 13 for the interim stay.

Google gave the petition: This direction of NCLAT has come on the petition of Google, in which it was accused of abusing its strong position in the Android mobile market. After this the CCI imposed the fine. At the same time, the order issued by Google has been challenged and said that this order is a blow to Indian consumers and this type of equipment will become more expensive in the country.

CCI had imposed a fine of Rs 1337.76 crore on Google on October 20 last year in this case. Further, the CCI had directed the Internet major to cease and desist from unfair trade practices.

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