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White House Warns Against “Fiscal Cliff”
Growing fears on recession clouds hovering over United States of America has raised an alarm. Due to the expiration of Bush Tax cuts and spending cuts under Budget Control Act of 2011, alternate minimum tax reversion, and extension on social security payroll tax cut of 2% are the factors contributing to fiscal cliff.
What Really Happened?Arnold Schwarzenegger Divorces Wife Maria Shriver
They definitely won’t be back, not after announcing an end to there sometimes turbulent relationship that lasted a whole 25 years. The former Governor of California, Arnold Schwarzenegger or the “Governator” as he was sometimes called and his wife Maria Shriver tied the knot way back in 1986.
RBI Reduces CRR By 25 Basis Points
Today, the central bank, Reserve Bank of India has decreased the cash reserve ratio (CRR) by 0.25% and the new amount has been fetched at 4.25%. This move by Reserve Bank of India to reduce the CRR rate will infuse another Rs 17,500 crores into the banking system.