India is ready to face one of the gloomiest festive seasons<br />Even as Onion prices soared to an all time high a 200 % rise the persistent economic slowdown will force corporates to cut budgets by a staggering 40% this year and the austerity is set to hit even customary bonuses.<br />According to a survey by Assocham of 2500 Indian companies top bosses are in favour of slashing festive budgets and employee bonuses by 40%. The companies are planning to gift digital cameras, watches, pens, wallets, chocolates and smart phones instead of large dry fruit packs, luxury gift items and gold coins.<br /><br /><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
