Modi govt urges banks to cut their spending by 20 percent

Bankers often complain of working on a meargre salary and have from time to time, raised demand for an increment. In a move that is now sure to sprinkle salt on the wounds of these bankers, Finance Ministry of Modi government has now urged the banks to cut their spendings by 20 percent and not to purchase non-essential items. They have also been asked to spend less on advertisements and focus more on advertisement through digital and social media platforms.