Onion price hike reason: May be due to hoarding - Central Government
- 5 years ago
India is ready to face one of the gloomiest festive seasons
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.
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.
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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.
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.
For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive