The persistent economic slowdown will force corporates to cut budgets by a staggering 40 per cent this year and the austerity is set to hit even customary bonuses, according to a survey by industry body Assocham."Due to steep fall in rupee, the budget on Diwali and other ensuing festivals like Dhanteras and Christmas may see a cut of 40 per cent this year," said Assocham Secretary General D S Rawat.<br /><br />For More information on this news visit : http://www.newsx.com/<br />Connect with us on Social platform at : http://www.facebook.com/newsxonline<br />Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive
