NATIONAL VAT list may be extended from 550 to 2,000 items The Empowered Committee is likely to extend the list of items coming under Value Added Tax (VAT) regime from 550 to 2,000 so as to remove anomalies and bring in uniformity across States.
States should enact Fiscal Responsibility Law: RBI Ahead of a meeting aimed at improving the fiscal health of States, Reserve Bank of India (RBI) has said that they need to enact fiscal responsibility laws, as the present corrective measures were "discretionary and lacked statutory backing."
