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The Department of Expenditure under the Ministry of Finance has directed all Union ministries, departments, Central public sector enterprises (CPSEs), public sector banks (PSBs) and financial institutions to refrain from spending on gifts and related items during Diwali or any other festival. The d
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The Finance Ministry has directed all Union ministries, departments, Central public sector enterprises, public sector banks, and financial institutions not to spend money on gifts or similar items during festivals.
The directive was issued through an office memorandum on September 19, 2025.
The directive is part of the Centre's efforts to enforce fiscal discipline, ensure the prudent use of public funds, and curb non-essential spending.
Yes, it applies to all Union ministries, departments, Central public sector enterprises (CPSEs), public sector banks (PSBs), and financial institutions.
The memorandum makes it clear that the order takes immediate effect.
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