The deadline to reach a settlement to avert the fiscal cliff is over but settlement has been reached at the end . Fiscal cliff would have lead to Tax rate hike for all category of Taxpayers and aggressive Budget cut . As per the new agreement wealthy person will pay more Tax but the Tax cut applicable for lower and middle income group will continue . It also extend the immediate spending cut on domestic schemes &
Military to the tune of USD 109 Billion . It has been approved by both senate and House of representative . After this arrangement Global Market has got a big relief for the time being .
after this news Indian Market has surged . Equity has gained about 250 points in two trading and Rupee is showing some strength .
Military to the tune of USD 109 Billion . It has been approved by both senate and House of representative . After this arrangement Global Market has got a big relief for the time being .
after this news Indian Market has surged . Equity has gained about 250 points in two trading and Rupee is showing some strength .
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