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

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.