Articles for Interest Payments

Credit Cards: Fixed vs Variable APR – Pros, cons, and key insights
2 weeks ago

Credit Cards: Fixed vs Variable APR – Pros, cons, and key insights

Live Mint  

Credit cards have become a necessity for modern money management because of their flexibility and convenience. Both fixed and variable annual percentage rates are quite common in credit cards and have their own advantages and disadvantages. More expensive: Even though overall interest rates have declined, the fixed annual percentage rate remains the same. Advantages of variable APR Lower starting rates: …

Credit Credit Cards Rate Percentage Rates Annual Fixed
India’s External Debt Interest Surges 93%
2 weeks, 2 days ago

India’s External Debt Interest Surges 93%

Deccan Chronicle  

Chennai: Interest payments on India’s public and publicly guaranteed external debt in 2023 rose by 93 per cent, while total interest payment on external debt went up by 49 per cent. The South Asia region saw the biggest yearly increase in interest payments on PPG debt in 2023, rising 62 percent to US$12.5 billion. While the interest payment on external …

India Debt Interest Public Billion Cent 2023
Credit Card Dues: 5 key benefits of paying on time for better financial health
3 weeks ago

Credit Card Dues: 5 key benefits of paying on time for better financial health

Live Mint  

Making timely credit card payments is a way to ensure financial security and provides benefits beyond the mere avoidance of late fees. Avoid paying costly interest charges: With yearly interest rates sometimes ranging from 35% to 40%, credit cards generally have some of the highest rates in the financial industry. Increased credit limit: Banks may increase the credit limit if …

Benefits Financial Credit Payments Interest Credit Cards Card
'Objectively hilarious': Reporter identifies major problem with Elon Musk's big project
1 month, 1 week ago

'Objectively hilarious': Reporter identifies major problem with Elon Musk's big project

Raw Story  

X CEO Elon Musk has been tasked by President-elect Donald Trump to identify and eliminate government waste, but Washington Post reporter Jeff Stein has already identified a major problem with that plan. Writing on Bluesky, Stein noted that a recent Musk post outlining government waste consisted mostly of interest on America's national debt, which is something that the United States …

Payments Interest Elon Musk Stein Interest Payments Jeff Stein
Interest on national debt tops £100bn a year as a result of Labour's Budget borrowing binge
1 month, 3 weeks ago

Interest on national debt tops £100bn a year as a result of Labour's Budget borrowing binge

Daily Mail  

Britain will spend more than half a trillion pounds servicing the national debt between now and the end of the decade, Budget documents reveal. The Office for Budget Responsibility said debt interest payments would total £672billion between 2024-25 and 2029-30 – or more than £100billion a year. Ball and chain: The Office for Budget Responsibility said debt interest payments will …

Budget Debt Reeves Budget Responsibility National Debt Debt Interest Payments
Owning your dream home just got easier with Apne Dam Par plan by the Rashmi Group
3 months, 1 week ago

Owning your dream home just got easier with Apne Dam Par plan by the Rashmi Group

Hindustan Times  

The dream of owning a home can feel distant for many, often overshadowed by the looming burden of high home loan interest rates. The dynamics come to a change when people start opting for the revolutionary Apne Dam Par payment plan by Rashmi Group, a leading real estate developer in India. About Apne Dam Par & how it saves people’s …

India Loan Interest Dam Plan Group Hindustan Times
80% spike in pension bill in 4 yrs piles up state’s fiscal woes
3 months, 2 weeks ago

80% spike in pension bill in 4 yrs piles up state’s fiscal woes

Hindustan Times  

The Punjab government, which is facing increasing pressure to implement its decision to revert to the old pension scheme, has seen an 80% jump in its expenditure on pension and other retirement benefits in four years. The pension bill, a key component of the committed expenditure of the state government, has added to the fiscal stress of debt-ridden Punjab. Upinder …

Pension Pay Revenue State Crore Punjab Ops
CAG report shows BRS government's reliance on off-Budget borrowings
4 months, 2 weeks ago

CAG report shows BRS government's reliance on off-Budget borrowings

New Indian Express  

HYDERABAD: The Comptroller and Auditor General of India has said that the previous BRS government concealed details of Off-Budget Borrowings. “If these off-Budget borrowings were included then the state crossed the stipulated Fiscal Responsibility and Budget Management Act limits,” a CAG report on state finances for the year ending March 31, 2023 said. The CAG report said that considering the …

Budget State Crore Cag Finance Commission Interest Payments Cag Report
Should you use a personal loan to pay off credit card bills? Pros and cons here
8 months ago

Should you use a personal loan to pay off credit card bills? Pros and cons here

Hindustan Times  

Managing your finances can be a difficult task. Using a credit card offers a variety of benefits: rewards and bonuses, positive credit history making taking loans easier. Well, using a credit card offers a variety of benefits: rewards and bonuses, positive credit history making taking loans easier, funding expenses in cases of emergency, budgeting finances by keeping track of your …

Credit Card Pay Loan Good Credit Bills Pros
As US 'debt bomb' spirals towards $35 trillion, hedge fund boss warns politicians are spending 'at the expense of future generations'
8 months, 2 weeks ago

As US 'debt bomb' spirals towards $35 trillion, hedge fund boss warns politicians are spending 'at the expense of future generations'

Daily Mail  

debt is currently above $34.6 trillion, according to official data Hedge fund billionaire Ken Griffin has warned that the 'surging' US national debt is a 'growing concern that cannot be overlooked.' It comes after fellow hedge fund manager Paul Tudor Jones warned earlier this year that a 'debt bomb' is on the verge of exploding in the US - and …

National Interest Rates Spending Fund Trillion Griffin Future Generations
Interest Payments to Be Up 11 per Cent in FY25
10 months, 3 weeks ago

Interest Payments to Be Up 11 per Cent in FY25

Deccan Chronicle  

Chennai: Interest payments, the largest expenditure of the Central government, for FY25 are estimated to go up by 11 per cent to Rs 11.9 lakh crore against FY24 budget estimate of Rs 10.7 lakh crore. The interest on internal debt has gone up to Rs 8.78 lakh crore from Rs 7.77 lakh crore in the revised estimate of FY24 and …

Budget Interest Crore Cent Lakh Fy24 Interest Payment
Biden's New SAVE Plan Could Cut Your Student Loan Payments By Hundreds. But Do You Qualify?
1 year, 3 months ago

Biden's New SAVE Plan Could Cut Your Student Loan Payments By Hundreds. But Do You Qualify?

Huff Post  

OLIVIER DOULIERY via Getty Images President Joe Biden announced his first plan for student loan relief in August 2022, but it was overturned by conservative members of the Supreme Court. The restart of student loan payments was meant to follow the rollout of President Joe Biden’s widespread loan forgiveness plan, which more than 26 million borrowers had applied for once …

Student Loans Loan Income Interest Biden Plan
How do you decide when to opt for a home loan transfer? Here are 5 tips
1 year, 4 months ago

How do you decide when to opt for a home loan transfer? Here are 5 tips

Live Mint  

Home loan interest rates are rising again with the recent rate hikes by the US Fed. Higher interest rates often prompt borrowers to seek a home loan transfer wherein they can repay at lower interest rates coupled with a more supportive customer support staff and the hope for better services. Lower interest rates : Transferring your home loan to a …

Financial Transfer Loan Interest Rate Rates Opt
Shedding more light on the debt dilemma
1 year, 4 months ago

Shedding more light on the debt dilemma

The Hindu  

The elevated levels of India’s fiscal deficit and public debt have been a matter of concern for a long time in India. Financial repression The debt-dynamics equation states that when there is no primary deficit, if the growth rate of GDP exceeds the effective interest rate paid on government bonds, the overall debt will decline. When the interest rate on …

India Market Pandemic States Interest Rbi Gdp
China's hidden debt pushes world's poorest countries to brink of collapse
1 year, 7 months ago

China's hidden debt pushes world's poorest countries to brink of collapse

Firstpost  

A dozen poor nations are facing economic instability and possibly collapse as a result of hundreds of billions of dollars in foreign loans, most of which are from China, the world’s largest and most unforgiving government lender. Countries in the AP’s research received up to 50 per cent of their foreign loans from China, and most spent more than a …

China Pakistan Sri Lanka Parks Loans Interest World Bank
China’s loans pushing world’s poorest countries to brink of collapse
1 year, 7 months ago

China’s loans pushing world’s poorest countries to brink of collapse

Associated Press  

A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China. Countries in AP’s analysis had as much as 50% of their foreign loans from China and most were devoting more than a third of …

China Pakistan Sri Lanka Parks Loans Debt Interest
What does the Reserve Bank of Australia review mean, and how will it affect interest rates and mortgage payments?
1 year, 8 months ago

What does the Reserve Bank of Australia review mean, and how will it affect interest rates and mortgage payments?

ABC  

A scathing review of the Reserve Bank of Australia is set to deliver a shake-up of the central bank not seen in a generation. If you haven't read the 294-page report — or are confused about the economic jargon — here's what the review says, what it means for interest rates, your mortgage and for RBA governor Philip Lowe. Treasurer …

Policy Australia Board Monetary Policy Bank Interest Rates Interest
In Your Debt: Doing the bare minimum with debt can cost you
1 year, 8 months ago

In Your Debt: Doing the bare minimum with debt can cost you

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. NerdWallet’s 2022 American Household Credit …

Credit Debt Cost Month Card Rate Paying
Is Income On Fixed Deposits Taxable In India?
1 year, 10 months ago

Is Income On Fixed Deposits Taxable In India?

News 18  

It is said that India’s tax system is complicated as it keeps on changing to meet the changing times and economic situation of the country. Do you know in India if the interests of the FD exceed Rs 40,000 and you are not a senior citizen, then you are liable to pay tax on FDs as well? Banks deduct TDS …

India Income Tax Interest Tds
Why Kerala’s tax rate hikes appear compelling
1 year, 10 months ago

Why Kerala’s tax rate hikes appear compelling

The Hindu  

Kerala’s Budget 2023 presented by Finance Minister K. N. Balagopal on February 3, 2023 focussed on revenue mobilisation. In addition to tax rate hikes, Budget 2023 has also focussed on non-tax revenue mobilisation, including raising revenue from revising the royalty rates of minor minerals and increasing the user charges. The hikes in tax rates were to identify fiscal space amidst …

Finance Kerala Budget States Interest Public Finance State
Budget 2023: Where Does Government Spend Money, Understanding Expenditure
1 year, 11 months ago

Budget 2023: Where Does Government Spend Money, Understanding Expenditure

ABP News  

In less than a month Union Finance Minister Nirmala Sitharaman is expected to present Union Budget 2023. Plan capital expenditure relates to the central government’s plan and central assistance for state and union territory plans. Budget 2023: Expenditure of Government of India Aside from these the central government also allocates a large portion of the Budgetary expenditure for centrally Capital …

Union Revenue Spending Central Cent Spend Revenue Expenditure
Fears are growing that Russia will default on its debt. Here's what you need to know
2 years, 9 months ago

Fears are growing that Russia will default on its debt. Here's what you need to know

NPR  

Fears are growing that Russia will default on its debt. Here's what you need to know Enlarge this image toggle caption Dimitar Dilkoff/AFP via Getty Images Dimitar Dilkoff/AFP via Getty Images Investors are preparing for the very real possibility that Russia will default on its debt, an event that threatens to further isolate the country from the global financial system, …

Global Ukraine Debt Pay Interest Country Investors
Interest on government borrowing jumps to December record amid soaring inflation
2 years, 10 months ago

Interest on government borrowing jumps to December record amid soaring inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Inflation Payments Debt Interest Month Public Billion
Evergrande shares plummet as Chinese property giant's debt issues deepen
3 years, 3 months ago

Evergrande shares plummet as Chinese property giant's debt issues deepen

India TV News  

Chinese company Evergrande has started to repay investors in its wealth management business with property, as the world's most indebted real estate developer faces a key test this week, the BBC reported. Major banks have reportedly been told that they won't receive interest payments on loans that are due Monday, while interest payments of $84m on the firm's bonds are …

Evergrande Interest Payments Issues Deepen