Fin Min orders austerity for PSU banks & insurers – curbs travel, mandatesEV Shift
After the appeal by Prime Minister Narendra Modi to conserve fuel andforeign exchange, the Finance Ministry has directed state-run banks and insurance companies to implement cost-cutting measures, including sharp curbs on physical travel, increased reliance on virtual meetings, and a phased transition to electric vehicles. The Department of Financial Services (DFS) issued these operational and…

