Stock Market LIVE Updates: Asian stocks brace for salvo of central bank hikes

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Both direct tax and indirect taxes, especially GST, have grown faster so far in the year, providing comfort to policymakers in the wake of higher-than-budgeted subsidy bill. The non-tax revenue too has got a fillip due to record receipts from spectrum sale, a part of which has been committed to a fresh Rs 1. 6 lakh crore bailout for BSNL.

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