MCA Invites Proposals to Enhance Corporate Data Management

1. MCA Invites Proposals to Enhance Corporate Data Management

The Ministry of Corporate Affairs (MCA) has invited proposals for an independent evaluation of its Corporate Data Management Scheme, signaling a significant move towards improving India’s corporate governance framework.

A Push Towards Smarter Data-Driven Governance

The MCA issued a Request for Proposals (RFP) to design and implement an in-house data mining and analytics facility, leveraging the extensive data repository of the MCA21 system. This initiative is aimed at enhancing the capacity of regulators, policymakers, and stakeholders to derive meaningful insights from corporate filings and disclosures.

By integrating advanced analytics into its operations, the MCA seeks to strengthen digital governance while enabling data-driven decision-making across the corporate sector.

Key Objectives of the Initiative

Independent Evaluation: Assessing the current Corporate Data Management Scheme.
Data Analytics Capability: Building a robust facility for mining and analyzing corporate data.
Policy Insights: Generating real-time insights to support regulatory reforms.
Enhanced Transparency: Improving the quality and accessibility of corporate data.

A Step Forward in Corporate Regulation

This effort is part of the government’s broader commitment to fostering transparency, compliance, and accountability in India’s corporate ecosystem. With the MCA21 platform already serving as a rich repository of corporate information, this initiative will further optimize its potential for regulatory efficiency and stakeholder empowerment.

The move reflects India’s growing emphasis on digital transformation, ensuring that regulators are equipped with modern tools to oversee an increasingly dynamic business environment.

2. Financial Boost for Women Entrepreneurs in Assam

Assam’s Women Entrepreneurs Get a Big Financial Push Under MMUA

In a remarkable move to empower women and strengthen Assam’s entrepreneurial ecosystem, Chief Minister Himanta Biswa Sarma has launched a massive financial assistance program under the Mukhya Mantri Mahila Udyamita Abhiyan (MMUA).

Here’s what women entrepreneurs are getting:

₹10,000 initial grant to kickstart their ventures.
A second installment of ₹25,000 (₹15,000 direct grant + ₹10,000 bank support).
Bank loans up to ₹50,000 with attractive interest subsidies.
Mandatory 3-day business training to enhance skills and ensure sustainable growth.

The program, supported by a ₹4,000 crore budget, has already benefited 18,370 women in Margherita, with ₹18.37 crore disbursed in grants.

This scheme is more than just financial support—it is a pathway to independence, confidence, and long-term growth for women entrepreneurs. By combining financial aid with training and bank support, Assam is paving the way for stronger participation of women in the state’s economic development.

3. Taxpayer to pay only Rs 33,000 income tax after selling a house for Rs 70 lakh

The ITAT (Mumbai) upheld a taxpayer’s calculation of long-term capital gains tax on a house sale, accepting the indexed cost and the stamp duty authority’s adopted value as fair market value. The taxpayer, who said a property for Rs 70 lakh (Purchased for Rs 36 lakh five years ago), paid just Rs 33,296 in taxes – setting an influential precedent for future disputes related to property valuation.

4. Taxpayer to pay only Rs 33,000 income tax after selling a house for Rs 70 lakh

5. Good news for salaried taxpayers:

Under the Finance Act, 2025, salaried taxpayers will benefit from increased tax-free perquisites starting April 1, 2025 (AY 2026-27):
: “Specified employee” threshold increased from Rs 50,000 to Rs 4 lakh (Section 17(2)(iii)).

: Tax-free overseas medical treatment limit raised to Rs 8 lakh (Section 17(2) proviso clause (vi)). These moves offer broader relief and clarity to employees regarding fringe benefit taxation.

6. New GST Rates Likely To Be Implemented By September 22, Says Report

As per the reforms proposed by the center, GST would move from the current four-tier structure of 5%, 12%, 18% and 28% to a two-rate system. Goods and services would be classied under ‘merit’ (5%) and ‘standard’ (18%) categories. A special 40% rate would apply on select luxury and sin goods such as ultra-premium cars, while certain labour-intensive items would continue to enjoy concessional rates as low as 0.1%, 0.3% or 0.5% to support employment-intensive sectors.

7. Repo Rate Remains Unchanged at 5.50%

After careful deliberation, the MPC decided to maintain the policy repo rate 5.50% under the Liquidity Adjustment Facility (LAF). This move signals the RBI’s intent to support economics growth while keeping inflationary pressures in check.

8. Draft Regulations on Forex Guarantees Issued

The RBI issued draft norms requiring prior approval for indian citizens acting as surety, principal debtor, or creditor in exchange guarantee-related transactions. This move reinforces oversight over cross-border financial exposures.

9. Gujarat's Business Dynasties Fuel Startup Investments

Legacy family businesses in the state are evolving, actively backing startups in fintech, agritech, and space-tech. Traditional FBOs are expanding into higher-growth ventures, participating in Series A-C rounds, and developing reshaping Gujarat’s innovation ecosystem.