SBI cuts interest rates on FDs with effect from August 1

The State Bank of India, the country's largest lender, has just slashed interest rates on its fixed deposits (FDs) of less than Rs 2 crore, or retail deposits, as well as the larger deposits across nearly all tenures offered. While deposits of 7 days to 45 days will now earn 75 basis points (bps) less, most of the tenures have seen rates dip by 10-20 bps. The smallest rate cut of 5 bps will apply on the 2-year to less than 3-year tenure. The new interest rates on SBI FDs will come into effect from August 1. 

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Andhra Pradesh becomes 1st state in India to reserve 75% private jobs for locals

Andhra Pradesh has become the first state in the country to offer 75 per cent reservation to locals in private jobs. Andhra Pradesh Assembly on Tuesday passed the Andhra Pradesh Employment of Local Candidates in Industries/Factories Act, 2019, under which privates jobs across factories, industrial units, joint ventures, private projects will be reserved for local Andhra people. 

Fulfilling his poll promise, Chief Minister Jagan Mohan Reddy said his government, for the first time in the history of the Telugu state, had provided over a lakh permanent jobs to the locals. During his state-wide Prajasankalp Padyatra before the 2019 Lok Sabha elections, the YSRCP chief had promised to create jobs for locals 

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Questions asked by the Minister of Education of Maharashtra, so they allegedly gave the order of arrest

A graduate student of Amravati district of Maharashtra has accused the Education Minister Vinod Tawde of ordering him to be arrested at the time when he was recording the conversation between him and a student. The minister has denied the charge. Student Yuvraj Pressad also claimed that due to the alleged order the local police kept him in custody for nearly several hours and seized his smartphone too.Later, the video recording was removed and the smart phone was returned to him.Tawde denied the allegations saying that he did not order the arrest of any student and 'lies' were being spread against him. A top police official in Amravati told that neither the student was arrested, taken into custody and nothing was removed from his mobile.
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Good news! After NEFT, RTGS, SBI makes all IMPS transactions free

In a big relief to SBI customers, the public sector bank has said it will not impose IMPS (Immediate Payment Service) charges from August 1, 2019. The SBI IMPS charges will also be zero for the users who want to transfer funds via its app Yono, internet banking and mobile banking.

"The bank will waive-off IMPS charges for its INB, MB and YONO customers effective from August 1, 2019," the state-owned lender said in a statement.

Earlier, the country's largest lender had waived off IMPS charges on fund transfer of up to Rs 1,000 only. However, from August 1, there will be nil charges on all other IMPS slabs ( Rs 1,001 to 10,000; Rs 10, 001 to Rs 25,000; Rs 25,001 to Rs 100,000; Rs 100,001 to Rs 200,000).

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Karnataka Battle In Top Court, Rebel Lawmakers Told To Meet Speaker Today

Ten Karnataka lawmakers who allege their resignations haven't been accepted in an attempt to help the ruling Congress-Janata Dal Secular coalition in the state flew to Bengaluru this evening after the Supreme Court ordered them to meet the Speaker.

The rebel lawmakers were asked to appear before Speaker Ramesh Kumar at 6 pm. The court ordered police protection for them and said the Speaker must decide today on whether the resignations stand.

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India Bid For Final Berth Against Unstable New Zealand

Two-time champions India after proving their dominance in the league stage will look to brush aside New Zealand and book a final berth when the two sides face-off in the 1st semi-final at the Old Trafford in Manchester on Tuesday. All-round performances and some individual batting prowess saw India top the World Cup 2019 league stage. However, with the No.4 conundrum still unsolved and middle-order woes mounting, India will fancy their chances against an unstable New Zealand. The 2015 World Cup runners-up will be wary of India, specially after registering a slump in performances, during the concluding stage of the preliminary round. 

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Jagan Reddy Orders Demolition Of Praja Vedika Building Built By Chandrababu Naidu

Andhra Pradesh Chief Minister Jagan Mohan Reddy has ordered the demolition of a swanky building with glass walls that his predecessor Chandrababu Naidu used as a venue to meet the public, hold press conferences and conduct sundry work.

Mr Naidu had written to the new Chief Minister on June 4 to allow him to retain the hall so that he could work from there as the Leader of Opposition in the state assembly. "I wish to continue the same arrangement, that the Praja Vedika be declared as the residence annexe of the leader of the opposition, to facilitate me to meet legislators, visitors, common public and discharge my duties," Mr Naidu wrote.

The building 'Praja Vedika', conveniently located near Mr Naidu's home, was built in 2017 at a cost of Rs. 5 crore by the Telegu Desam Party (TDP) government.

The new YSR Congress Party government that came to power with a massive mandate took over Praja Vedika last weekend to organise Mr Reddy's first meet with district collectors after becoming Chief Minister.

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Rahul Gandhi officially resigns as Congress President; says 'thank you' in open letter

Rahul Gandhi said today it was "an honour to serve the Congress party" in a letter, he tweeted hours after declaring that he was no longer the party president. The designation of "President" also vanished from his Twitter bio, which now says "Member of Congress and Member of Parliament". A new Congress president will be chosen "within a week", party sources said, indicating an acceptance, finally, in the ranks that Rahul Gandhi will not return as their chief. 

As president of the Congress party, I am responsible for the loss of the 2019 election. Accountability is critical for the future growth of our party. It is for this reason that I have resigned as Congress president. 

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