Banking Laws (Amendment) Act, 2025 to Enhance Governance and Protection

The Banking Laws (Amendment) Act, 2025, effective from August 1, 2025, introduces 19 amendments across five key banking legislations. It aims to improve governance standards, enhance depositor protection, and align cooperative banks with constitutional norms. Key changes include redefining 'substantial interest' thresholds, increasing director tenures in cooperative banks, and allowing public sector banks to transfer unclaimed assets to the Investor Education and Protection Fund.

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APEDA Launches First Sea Shipment of Botanical-Infused Millet Foods to New Zealand

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the maiden sea shipment of botanical-infused, ready-to-cook millet functional foods from Karnataka to New Zealand. This milestone underscores the expanding opportunities for India's millet-based agricultural exports, bolstered by participation in APEDA-supported international trade fairs. Source: Original Link