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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)
ABHISHEK KAWAD
ABHISHEK KAWAD 10 years 9 months ago
some specified % say 1 to 5% of personal expenses should allowed as deductible expenses if paid through Debit Card or Card. or Category wise Exemption given say specified % of Petrol expenses, entertainment expenses, grocery expenses, personal belongings, Household items i.e. Personal effects. however bill copy for the same to be Kept.
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Shashi Gurav
Shashi Gurav 10 years 9 months ago
Please make cashless transactions mandatory any thing exceeding 10000 Rs. Please make most of Government services should take fees as part of Credit or Debit Card Payment or bank Transfer. Like Stamp Duty, Register Fee , Income Tax services.
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Bishwajit Kumar
Bishwajit Kumar 10 years 9 months ago
Please make cashless transactions mandatory for anything exceeding 10000 INR and not 1 Lakh INR...do away with all the charges for less than 1 lakh INR transactions
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Puneet Gulati
Puneet Gulati 10 years 9 months ago
We need to improve and expand Rupay network in order to make it at par with Visa or Mastercard in India, which will help us to bypass them and use Rupay Network with minimal transaction costs. If an individual uses 30-50% of their income with cards, they should be given additional tax benefits, and 1-2 % cash tax should be levid when cash is withdrawn from banks including ATM's.
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soma rajanarsaiah
soma rajanarsaiah 10 years 9 months ago
POS terminals can be certified like TEC in PCO environment and let the merchants buy the POS terminals. PCO is very sucessful model. Every merchant can be potential Business correspondent for Bank. MDR should be 100% waved off.
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soma rajanarsaiah
soma rajanarsaiah 10 years 9 months ago
China union pay implementation to be studied. They have sucessfully built best eco system for a cash less economy. I liked one policy that every 10X10M merchant place should provide a facility for alternate payment system to cash. Some catagoery MDR charges made zero and selected MCC codes have very less MDR. Created infrastructure for POS terminals ATM manufacturing in China.India doesn't have Lab to certify POS Terminals. We need to go europe and america.
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Ramendra Mandal
Ramendra Mandal 10 years 9 months ago
Debit cards for POS usage brings in significant gains for the banks since it helps in reducing branch visits of bank account holders (merchants and consumers alike) for cash deposits and withdrawals and less dependence on ATM usage (less capital investment by the bank).Cash at POS is a must to ensure wide acceptance.
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