Indian companies to cut bonuses, festive budgets: Survey - Pdf Slider

Majority of Indian companies are likely to lower employee bonuses and slash their festive budget by around 40% this season due to lower earnings and sales, an industry survey has revealed. According to a survey conduced by the Associated Chamber of Commerce and Industry (Assocham), companies would significantly cut or avoid paying bonuses in the backdrop of a severe slowdown, pressure on earnings, and spiralling inflation further confounded by a sharp depreciation of rupee.