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Daily Current Affairs and GK Update – 24.08.2025

National Current Affairs – 24.08.2025 Banking and Financial Sector Updates The Banking Laws (Amendment) Act, 2025 came into effect from August 1st, introducing significant reforms to improve governance standards in the banking sector Key changes include redefining “substantial interest” threshold from ₹5 lakh to ₹2 crore, a limit that remained unchanged since 1968 Maximum tenure…

GST Council scheduled to meet September 3-4 to decide on shifting from four tax slabs to simplified two-slab structure