FinMin’s latest austerity push: Banks and financial institutions asked to shift to EVs, virtual meet
- Posted on May 18, 2026
- By Financial Express
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- 1 min read
FinMin’s latest austerity push: Banks and financial institutions asked to shift to EVs, virtual meet
The Finance Ministry has asked PSU banks, insurers and financial institutions to adopt austerity measures, reduce travel expenses, conduct virtual meetings and gradually shift to electric vehicles amid rising crude oil prices and the West Asia conflict.