Top economy news of the day- October 07, 2015

Prime Minister expressed the hope that Goods and Services Tax will be rolled out in 2016.

The government has embarked on global road shows at four locations, including the US and the UK, to attract investments for its big-ticket stake sale in the country's largest power producer NTPC and BEL that may fetch around Rs 66bn to the exchequer.

Prime Minister expressed the hope that Goods and Services Tax will be rolled out in 2016. 

For every US$100 needed for protection, only US$7.8 of saving and insurance is in place for a typical Indian household, leaving a massive mortality protection gap of US$92.2, says a study by Swiss Re. 

Finance Minister has indicated a rational tax rate for individuals and bringing down of corporate tax to 25% flat in four years beginning next fiscal along with removal of exemptions except those that encourage individual savings.

37 consulting firms have been assigned for preparing action plans for the 88 cities proposed to be developed as Smart Cities.