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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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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