Significant Reduction in Gross NPAs of Public Sector Banks

The Ministry of Finance reports a substantial decrease in gross non-performing assets (NPAs) of public sector banks, dropping from 9.11% in March 2021 to 2.58% by March 2025. This decline is attributed to comprehensive reforms by the Government and the Reserve Bank of India (RBI), including changes in credit culture, amendments to key financial laws, and the establishment of specialized asset management units within banks. These measures aim to enhance recovery processes and improve the overall financial health of the banking sector.

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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