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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f124e6ebce9-trace').style.display = (document.getElementById('cakeErr67f124e6ebce9-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f124e6ebce9-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f124e6ebce9-code').style.display = (document.getElementById('cakeErr67f124e6ebce9-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f124e6ebce9-context').style.display = (document.getElementById('cakeErr67f124e6ebce9-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f124e6ebce9-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
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<code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/>
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<em>An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns<br />
<br />
Lucknow: </em>Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40%, the Associated Chambers of Commerce and Industry of India (Assocham) said.<br />
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<br />
Please <a href="http://www.livemint.com/Politics/tnrFLtLhWBlKXsghrY2L2I/Corporates-slash-Diwali-gifts-by-3540-due-to-demonetisatio.html">click here</a> to read more.
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<em>An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns<br />
<br />
Lucknow: </em>Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40%, the Associated Chambers of Commerce and Industry of India (Assocham) said.<br />
<br />
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<br />
Please <a href="http://www.livemint.com/Politics/tnrFLtLhWBlKXsghrY2L2I/Corporates-slash-Diwali-gifts-by-3540-due-to-demonetisatio.html">click here</a> to read more.
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An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns
Lucknow: Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going...'
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-PTI
An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns
Lucknow: Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going..."/>
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<strong>Companies slash Diwali gifts by 35-40% due to demonetisation, GST: Assocham</strong></h1>
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<div align="justify">-PTI<br /><br /><em>An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns<br /><br />Lucknow: </em>Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40%, the Associated Chambers of Commerce and Industry of India (Assocham) said.<br /><br />A survey by industry chamber Assocham showed that the reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns and pressure on their balance sheets. The industry body said the reduction in gifts from corporate houses to their associates, networked partners, employees and other key personalities was more for outside connects than employees who more or less received their annual gesture from their employers.<br /><br />“However, there has been certainly a downward impact on bonus payments with several corporates reeling under debt and cutting costs in their overall operations. Besides, disruptions arising out of demonetisation and roll out issues of the goods and services tax (GST) have affected the overall sentiment,” it said.<br /><br />Please <a href="http://www.livemint.com/Politics/tnrFLtLhWBlKXsghrY2L2I/Corporates-slash-Diwali-gifts-by-3540-due-to-demonetisatio.html" title="http://www.livemint.com/Politics/tnrFLtLhWBlKXsghrY2L2I/Corporates-slash-Diwali-gifts-by-3540-due-to-demonetisatio.html">click here</a> to read more. </div><div align="justify"> </div> </font>
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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f124e6ebce9-trace').style.display = (document.getElementById('cakeErr67f124e6ebce9-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f124e6ebce9-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f124e6ebce9-code').style.display = (document.getElementById('cakeErr67f124e6ebce9-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f124e6ebce9-context').style.display = (document.getElementById('cakeErr67f124e6ebce9-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f124e6ebce9-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
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<code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/>
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-PTI<br />
<br />
<em>An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns<br />
<br />
Lucknow: </em>Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40%, the Associated Chambers of Commerce and Industry of India (Assocham) said.<br />
<br />
A survey by industry chamber Assocham showed that the reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns and pressure on their balance sheets. The industry body said the reduction in gifts from corporate houses to their associates, networked partners, employees and other key personalities was more for outside connects than employees who more or less received their annual gesture from their employers.<br />
<br />
&ldquo;However, there has been certainly a downward impact on bonus payments with several corporates reeling under debt and cutting costs in their overall operations. Besides, disruptions arising out of demonetisation and roll out issues of the goods and services tax (GST) have affected the overall sentiment,&rdquo; it said.<br />
<br />
Please <a href="http://www.livemint.com/Politics/tnrFLtLhWBlKXsghrY2L2I/Corporates-slash-Diwali-gifts-by-3540-due-to-demonetisatio.html">click here</a> to read more.
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&nbsp;
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-PTI
An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns
Lucknow: Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going...',
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<br />
<em>An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns<br />
<br />
Lucknow: </em>Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40%, the Associated Chambers of Commerce and Industry of India (Assocham) said.<br />
<br />
A survey by industry chamber Assocham showed that the reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns and pressure on their balance sheets. The industry body said the reduction in gifts from corporate houses to their associates, networked partners, employees and other key personalities was more for outside connects than employees who more or less received their annual gesture from their employers.<br />
<br />
&ldquo;However, there has been certainly a downward impact on bonus payments with several corporates reeling under debt and cutting costs in their overall operations. Besides, disruptions arising out of demonetisation and roll out issues of the goods and services tax (GST) have affected the overall sentiment,&rdquo; it said.<br />
<br />
Please <a href="http://www.livemint.com/Politics/tnrFLtLhWBlKXsghrY2L2I/Corporates-slash-Diwali-gifts-by-3540-due-to-demonetisatio.html">click here</a> to read more.
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&nbsp;
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An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns
Lucknow: Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going...'
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Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/companies-slash-diwali-gifts-by-35-40-due-to-demonetisation-gst-assocham-4683008.html"/>
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-PTI
An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns
Lucknow: Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going..."/>
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<strong>Companies slash Diwali gifts by 35-40% due to demonetisation, GST: Assocham</strong></h1>
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<div align="justify">-PTI<br /><br /><em>An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns<br /><br />Lucknow: </em>Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40%, the Associated Chambers of Commerce and Industry of India (Assocham) said.<br /><br />A survey by industry chamber Assocham showed that the reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns and pressure on their balance sheets. The industry body said the reduction in gifts from corporate houses to their associates, networked partners, employees and other key personalities was more for outside connects than employees who more or less received their annual gesture from their employers.<br /><br />“However, there has been certainly a downward impact on bonus payments with several corporates reeling under debt and cutting costs in their overall operations. Besides, disruptions arising out of demonetisation and roll out issues of the goods and services tax (GST) have affected the overall sentiment,” it said.<br /><br />Please <a href="http://www.livemint.com/Politics/tnrFLtLhWBlKXsghrY2L2I/Corporates-slash-Diwali-gifts-by-3540-due-to-demonetisatio.html" title="http://www.livemint.com/Politics/tnrFLtLhWBlKXsghrY2L2I/Corporates-slash-Diwali-gifts-by-3540-due-to-demonetisatio.html">click here</a> to read more. </div><div align="justify"> </div> </font>
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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f124e6ebce9-trace').style.display = (document.getElementById('cakeErr67f124e6ebce9-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f124e6ebce9-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f124e6ebce9-code').style.display = (document.getElementById('cakeErr67f124e6ebce9-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f124e6ebce9-context').style.display = (document.getElementById('cakeErr67f124e6ebce9-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f124e6ebce9-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
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<code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/>
</span></span></code></pre><pre id="cakeErr67f124e6ebce9-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
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<br />
<em>An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns<br />
<br />
Lucknow: </em>Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40%, the Associated Chambers of Commerce and Industry of India (Assocham) said.<br />
<br />
A survey by industry chamber Assocham showed that the reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns and pressure on their balance sheets. The industry body said the reduction in gifts from corporate houses to their associates, networked partners, employees and other key personalities was more for outside connects than employees who more or less received their annual gesture from their employers.<br />
<br />
&ldquo;However, there has been certainly a downward impact on bonus payments with several corporates reeling under debt and cutting costs in their overall operations. Besides, disruptions arising out of demonetisation and roll out issues of the goods and services tax (GST) have affected the overall sentiment,&rdquo; it said.<br />
<br />
Please <a href="http://www.livemint.com/Politics/tnrFLtLhWBlKXsghrY2L2I/Corporates-slash-Diwali-gifts-by-3540-due-to-demonetisatio.html">click here</a> to read more.
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<br />
<em>An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns<br />
<br />
Lucknow: </em>Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40%, the Associated Chambers of Commerce and Industry of India (Assocham) said.<br />
<br />
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<br />
&ldquo;However, there has been certainly a downward impact on bonus payments with several corporates reeling under debt and cutting costs in their overall operations. Besides, disruptions arising out of demonetisation and roll out issues of the goods and services tax (GST) have affected the overall sentiment,&rdquo; it said.<br />
<br />
Please <a href="http://www.livemint.com/Politics/tnrFLtLhWBlKXsghrY2L2I/Corporates-slash-Diwali-gifts-by-3540-due-to-demonetisatio.html">click here</a> to read more.
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An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns
Lucknow: Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going...'
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An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns
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<div align="justify">-PTI<br /><br /><em>An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns<br /><br />Lucknow: </em>Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40%, the Associated Chambers of Commerce and Industry of India (Assocham) said.<br /><br />A survey by industry chamber Assocham showed that the reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns and pressure on their balance sheets. The industry body said the reduction in gifts from corporate houses to their associates, networked partners, employees and other key personalities was more for outside connects than employees who more or less received their annual gesture from their employers.<br /><br />“However, there has been certainly a downward impact on bonus payments with several corporates reeling under debt and cutting costs in their overall operations. Besides, disruptions arising out of demonetisation and roll out issues of the goods and services tax (GST) have affected the overall sentiment,” it said.<br /><br />Please <a href="http://www.livemint.com/Politics/tnrFLtLhWBlKXsghrY2L2I/Corporates-slash-Diwali-gifts-by-3540-due-to-demonetisatio.html" title="http://www.livemint.com/Politics/tnrFLtLhWBlKXsghrY2L2I/Corporates-slash-Diwali-gifts-by-3540-due-to-demonetisatio.html">click here</a> to read more. </div><div align="justify"> </div> </font>
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-PTI<br />
<br />
<em>An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns<br />
<br />
Lucknow: </em>Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40%, the Associated Chambers of Commerce and Industry of India (Assocham) said.<br />
<br />
A survey by industry chamber Assocham showed that the reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns and pressure on their balance sheets. The industry body said the reduction in gifts from corporate houses to their associates, networked partners, employees and other key personalities was more for outside connects than employees who more or less received their annual gesture from their employers.<br />
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<br />
Please <a href="http://www.livemint.com/Politics/tnrFLtLhWBlKXsghrY2L2I/Corporates-slash-Diwali-gifts-by-3540-due-to-demonetisatio.html">click here</a> to read more.
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<em>An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns<br />
<br />
Lucknow: </em>Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40%, the Associated Chambers of Commerce and Industry of India (Assocham) said.<br />
<br />
A survey by industry chamber Assocham showed that the reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns and pressure on their balance sheets. The industry body said the reduction in gifts from corporate houses to their associates, networked partners, employees and other key personalities was more for outside connects than employees who more or less received their annual gesture from their employers.<br />
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<br />
Please <a href="http://www.livemint.com/Politics/tnrFLtLhWBlKXsghrY2L2I/Corporates-slash-Diwali-gifts-by-3540-due-to-demonetisatio.html">click here</a> to read more.
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$metaTitle = 'LATEST NEWS UPDATES | Companies slash Diwali gifts by 35-40% due to demonetisation, GST: Assocham'
$metaKeywords = 'Goods and Services Tax,Goods and Services Tax (GST),Demonetisation,Economic deceleration,Fast Moving Consumer Goods (FMCG) companies,Economic Slowdown'
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-PTI
An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns
Lucknow: Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going...'
$disp = '<div align="justify">-PTI<br /><br /><em>An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns<br /><br />Lucknow: </em>Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40%, the Associated Chambers of Commerce and Industry of India (Assocham) said.<br /><br />A survey by industry chamber Assocham showed that the reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns and pressure on their balance sheets. The industry body said the reduction in gifts from corporate houses to their associates, networked partners, employees and other key personalities was more for outside connects than employees who more or less received their annual gesture from their employers.<br /><br />“However, there has been certainly a downward impact on bonus payments with several corporates reeling under debt and cutting costs in their overall operations. Besides, disruptions arising out of demonetisation and roll out issues of the goods and services tax (GST) have affected the overall sentiment,” it said.<br /><br />Please <a href="http://www.livemint.com/Politics/tnrFLtLhWBlKXsghrY2L2I/Corporates-slash-Diwali-gifts-by-3540-due-to-demonetisatio.html" title="http://www.livemint.com/Politics/tnrFLtLhWBlKXsghrY2L2I/Corporates-slash-Diwali-gifts-by-3540-due-to-demonetisatio.html">click here</a> to read more. </div><div align="justify"> </div>'
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latest-news-updates/companies-slash-diwali-gifts-by-35-40-due-to-demonetisation-gst-assocham-4683008.html"/>
LATEST NEWS UPDATES | Companies slash Diwali gifts by 35-40% due to demonetisation, GST: Assocham | Im4change.org
Companies slash Diwali gifts by 35-40% due to demonetisation, GST: Assocham
-PTI
An Assocham survey shows the 35-40% reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns
Lucknow: Reeling under disruptions arising out of demonetisation and goods and services tax (GST) rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40%, the Associated Chambers of Commerce and Industry of India (Assocham) said.
A survey by industry chamber Assocham showed that the reduction in gifts from corporate houses was in sync with low-key festivities due to slowdown concerns and pressure on their balance sheets. The industry body said the reduction in gifts from corporate houses to their associates, networked partners, employees and other key personalities was more for outside connects than employees who more or less received their annual gesture from their employers.
“However, there has been certainly a downward impact on bonus payments with several corporates reeling under debt and cutting costs in their overall operations. Besides, disruptions arising out of demonetisation and roll out issues of the goods and services tax (GST) have affected the overall sentiment,” it said.
