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Debt burden news, articles and videos from MailOnline. Debt Burden: The Secret To Financial Freedom If you're struggling to pay down your debt, you're not alone. Millions of Americans are struggling under the weight of their debt. But there are steps you can take to make sure your debt doesn't get out of control. Here's what you need to know about debt burden and how to take control of your financial future. Debt Burden: What Is It? Debt burden is the amount of money you owe compared to the amount of money you have available to pay your bills. The higher your debt burden, the harder it can be to manage your finances and make ends meet. It's important to understand the different types of debt you may be carrying, including credit cards, mortgages, student loans, car loans, and other forms of consumer debt. How to Reduce Your Debt Burden The best way to reduce your debt burden is to start by making a budget and tracking your spending. This will help you assess where you can cut back and where you can make extra payments to help pay down your debt. You should also look into consolidating your debt or refinancing your loans
The debt burden of companies is likely to reduce after the Union government removed the restrictions on diversion of sugar for ethanol production, according to Gaurang Shah, head investment strategist of Geojit Financial Services. The comments come after the government, in a notification dated Aug. 29, removed the cap for diversion of sugar for ethanol production for supply year 2024–25. Sugar mills will also be allowed to use cane juice or syrup to produce ethanol, starting Nov. 1.
Analysts had flagged deteriorating fiscal indicators; spending on salaries and pensions is Budgeted at Rs 27,208 crore in FY25 as against Rs 25,152 crore in the revised estimate of FY24
Elsewhere, China returned from national holiday with a jump in stock prices, but the CSI 300 index has been giving back gains since then and the HSI index is down by 7.5% as the latest briefing from the Chinese government offered no new stimulus measures. Copper and iron ore futures are both under pressure, as well, on the growing worry that the positive impact of the stimulus measures could remain short-lived, and that the measures would be insufficient to reverse the property meltdown, deflation and other structural problems – like the aging population and heavy local government debt burden.
Dollar traded broadly lower in Asian session as markets reacted to President-elect Donald Trump’s appointment of Scott Bessent, a seasoned fund manager, as Treasury Secretary. Bessent’s stance aligns with Trump’s policies on tariffs, though his pragmatic approach has been perceived as a stabilizing factor. He advocates for tariffs to be introduced "gradually" and supports tax reforms, deregulation, and economic growth as pathways to address the US’s significant debt burden. These positions have led some to describe him as a "safe hand" for the role, offering reassurance to bond markets too.