Finmin advices banks and other financial institutions to stop expenditure on festival gifts

The Finance Ministry has advised all financial institutions, including the RBI, to cease wasteful festival gift expenditures ahead of Diwali to promote fiscal discipline. This directive, based on a DPE advisory, instructs government entities and CPSEs to avoid spending on gifts for festivals, emphasizing judicious use of public resources.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/sx7mPWS
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