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35-40% slashing in corporate gifts this Diwali: ASSOCHAM Survey

35-40% slashing in corporate gifts this Diwali: ASSOCHAM Survey

New Delhi, Oct 19 (IBNS): In sync with the low-key festivities due to slowdown concerns and pressure on their balance-sheets, corporate India is going rather lukewarm in Diwali gifts this year to its associates, networked partners, employees and other key personalities, slashing the budget by at least 35-40 per cent under this head, an ASSOCHAM survey has noted.