Department of Posts and AMFI Sign MoU for KYC Verification

The Department of Posts (DoP) and the Association of Mutual Funds in India (AMFI) signed a historic MoU on July 17, 2025, to streamline KYC verification for 24.13 crore mutual fund folios. This partnership aims to enhance operational efficiency and financial inclusion by utilizing DoP's extensive network of over 1.64 lakh post offices to assist investors in completing KYC processes. The initiative is expected to onboard approximately 9.7 million new investors annually, ensuring compliance and accessibility, especially in remote areas.

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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