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Draft Proposals for Facilitating Electronic Transactions

Draft Proposals for Facilitating Electronic Transactions
Start Date :
Jun 16, 2015
Last Date :
Jun 29, 2015
17:00 PM IST (GMT +5.30 Hrs)
Submission Closed

The Finance Minister in his budget speech for the Union Budget 2015-16 made the following announcement: ...

The Finance Minister in his budget speech for the Union Budget 2015-16 made the following announcement:
“One way to curb the flow of black money is to discourage transactions in cash. Now that a majority of Indians has or can have, a RUPAY debit card. I therefore, proposes to introduce soon several measure that will incentivize credit or debit card transactions and disincentivize cash transaction”.
Accordingly, draft proposals for facilitating electronic transactions (E-transactions) have been prepared. Comments and views are invited on the Draft Proposals.
Draft Proposals For Facilitating Electronic Transactions (The Proposals placed below are only at the draft stage and are being placed here to obtain public opinion. The proposals as they stand at this stage, do not imply any commitment from the government)
The last date to share your views is 29 June, 2015 by 5:00 p.m.

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Showing 1250 Submission(s)
Aniket Sen_3
Aniket Sen_3 10 years 10 months ago
I think government should promote the transactions through Credit/Debit/ATM card rather than uses of cash. In recent time I felt some troubles in using Rupay Debit Card in some online transactions and some websites and mobile apps are not supporting the Rupay Card. I think government should ask all such websites to accept the Rupay Card as this card is given to large number of citizens.
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LAXMI NIWAS MAHESHWARI
LAXMI NIWAS MAHESHWARI 10 years 10 months ago
A option must be provided to collect all the government payment in e-mode and no extra transaction fee should be charged to it. It will encourage and educate more and more people to use card payment.
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LAXMI NIWAS MAHESHWARI
LAXMI NIWAS MAHESHWARI 10 years 10 months ago
Institutional payments like school/college fee ( for school/colleges/ above 10000/- per annum) in big cities must be through banking channels. Now education is very expensive and unavoidable. Also all big educational institutions can easily afford infrastructure for collection through cheque/card. A threshold of 10000/- will ensure that unbanked and poor people shall not be harassed. This will curb use of black money for education, and force people to declare their returns properly.
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LAXMI NIWAS MAHESHWARI
LAXMI NIWAS MAHESHWARI 10 years 10 months ago
All the foreign travel payments like ticket/hotel/package booking, even if made through travel agent, must be through banking channels. A large number of people pay the travel agent in cash and don't report in their annual return. It is obviously black money which is spent on foreign travel.
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Srinivasan R
Srinivasan R 10 years 10 months ago
Srinivasan Tamilnadu: Suggestions on Electronic money transaction : 1.Strict legal punishment for e data and Electronic money forgery 2.Checking and certifying Electronic debit/credit card reading machines in shops& markets to ensure duplicating atm cards& money theft 3.Some applications downloaded, steal personal data .Design an app to check the genuineness of other apps downloaded 4.Data and new application program on "List of cyber crime police authority in India
Screenshot_2015-06-28-13-16-04
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Sachin Gupta_12
Sachin Gupta_12 10 years 10 months ago
This is a brilliant idea. I already prefer to make all transaction by cards and it will make all the transaction process very seamless and also legit. No more black money issues. Less taxes on non-cash transaction will benefit everyone.
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MOHAN DIVEKAR
MOHAN DIVEKAR 10 years 10 months ago
Black (undeclared) money is in donations to all medical colleges, educational institutions, doctors, lawyers, builders / real estate transactions, fast (bakshish)track fees to babus / clerks etc. Money has only one colour. Even if educational institutions need money beyond fees - let it be by cheque only. If card limit is increased you will have many fraud / fake cards.
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