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Nomura projects stable government borrowing for the second half of fiscal year 2026. The borrowing calendar is expected soon after discussions with the Reserve Bank of India. Chief Economic Advisor, V Anantha Nageswaran, confirmed no changes. Nomura anticipates a shift towards shorter-term bonds. Direct tax collections rose by 9.2% in H1FY26.
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US Treasury Secretary Scott Bessent offers a pledge of support for Donald Trump ally Javier Milei.
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The CBIC is monitoring price changes of essential goods after the GST rate cuts on September 22nd. Field officials are collecting data from retailers and e-commerce platforms to ensure that the tax benefits are passed on to consumers.
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