Soon, Mumbai-Pune In 35 Minutes. World's First Hyperloop Project Is A Go

In an impetus to the dream journey between Mumbai and Pune in under 35 minutes, the Maharashtra government has approved the Virgin Hyperloop One-DP World consortium as the "Original Project Proponent" (OPP) for the Pune-Mumbai hyperloop project -- a move that will generate jobs and over $36 billion in various socio-economic benefits.

According to Virgin Hyperloop One, the state government -- one of the first proponents of hyperloop technology in the world -- has deemed hyperloop a public infrastructure project, setting it up to be the first hyperloop project in the world.

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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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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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