Author: Chahat Saini

Expenses that are directly related to the purchase, development, or production of a qualified asset are referred to as borrowing costs and are included in the cost of that asset. Additional state borrowing costs are classified as expenses. Costs associated with borrowing may be capitalized or recorded as revenue expenses. Borrowing costs, such as interest, can be used to purchase raw materials or capital assets. One type of borrowing cost is revenue-related, while the other is capital-related.  The weighted average cut-off rate for 10-year state loans dropped from 7.61 percent last week to 7.53 percent on Tuesday. States could relax…

In order to protect consumers from rising oil prices, Thailand will extend a tax break on the country’s most popular fuel and subsidize select users’ energy bills. This comes despite predictions that the country’s sticky inflation may continue to rise over central bank projections next year. According to government spokeswoman Traisuree Taisaranakul, the cabinet agreed to extend the excise tax discount of 5 baht per liter on retail fuel prices for two more months, through November 20. She estimated that the government will lose $551 million as a result of the decision. The second-largest economy in Southeast Asia has spent…

As consumers experience increasing financial strains, frothy real estate markets are positioned for double-digit price falls. Rising borrowing costs are putting pressure on property owners and homebuyers worldwide. As central banks hike interest rates at the quickest rate in decades, driving down home prices, purchasers retreat from the market in cities like Sydney, Stockholm, and Seattle. Millions of Americans who took up low-interest loans to buy houses during the property boom now have higher payments due to loan resets. A global economic crisis is in danger of getting worse due to the quick cooling off in real estate, a major…

The MCLR rates of Bank of Baroda and Indian Overseas Bank have increased by as much as 0.10 per cent, increasing the cost of most loans for customers. Since its humble beginnings as a small provincial bank in India in 1908, the Bank of Baroda has grown into a banking behemoth wholly befitting the moniker India’s International Bank. With more than 8500 offices scattered across 18 countries and more than 131 million consumers worldwide, it has now developed into a global organization. The banks’ adventure in Mauritius began in the year 1962, more than 60 years ago. Since then, it…