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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)
vivek raman reddy
vivek raman reddy 10 years 9 months ago
provide pos machines to all vendors and decrease the interchange fee per transaction so that every individual who has rupay card can use it. high security payment systems and high speed internet connectivity is required to enable this. service tax for use of pos machine should be made zero
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Sangeetha Subbiah
Sangeetha Subbiah 10 years 9 months ago
#RUPAY All the payment gateways should be advised to add Rupay cards in their list to enable smooth electronic transactions.Currently Visa and MasterCards only listed even in state government sites such as https://www.tnebnet.org
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o v gnana prakash
o v gnana prakash 10 years 9 months ago
It is highly suggested to restrict cash flow of transactions to Rs.5000/- per person. Let every payment be routed through swipes or cheque methods. Invite black money in the form of saperate deposits attracting lower interest rates and high penality. Let our money be within our country and 50% of such deposits shall be utilised for government development programmes, balance 50% shall attract 75% tax. The depositor shall be investigated proper legal action will be there.
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kripa Shankar yadav
kripa Shankar yadav 10 years 9 months ago
Rural area me land related mukdame ke liye time decided karne se number of mukdme me kami layi ja sakti hai kyoki bahut se aise mukadme hai Jo niradhar hai fir bhi court me chal rahe hai
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Shivranjan Podar
Shivranjan Podar 10 years 9 months ago
every five years change colour of rs 1000 & 500 and declare old notes not legal tender and should be deposited in the bank within given time. encourage mobile to mobile transactions using USSD code without any charges.
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sudhir Raina
sudhir Raina 10 years 9 months ago
It would be a very bold step and once implemented it will boost the economy.Blackmoney will be completely eliminated.100% taxation recovery.Though tough it be implemented in toto at the ealiest.All develop countries are having cashless transactions.
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Shivranjan Podar
Shivranjan Podar 10 years 9 months ago
5)This way government will be bene fitted in many ways. a)Printing of Notes will be reduced b)Black money will be reduced. c)Fake notes problem will be solved.d)Above all Govt will have thousends of carors of Rs. in this system which govt can use. 6)This is very simple even people in the villages will be able to use it.
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Shivranjan Podar
Shivranjan Podar 10 years 9 months ago
4)Upon receiving this request by the paying bank will send money to reciever's mobile linked account.This is basic system which can be refined and made error free. If there is sufficient money in the wellet transection can be instanteneous without going trough the bank. 5)This way government will be bene fitted in many ways. a)Printing of Notes will be reduced b)Black money will be reduced.
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Shivranjan Podar
Shivranjan Podar 10 years 9 months ago
1)Instead of currency notes mobile payments should be made compulsory in phased manner together with banning Rs 1000 & 500 notes. 2)instead of granting lisence to third parties such as PayTm for closed ended wellet,government should start this service through a division in Finance Ministry. 3)All payments will be made by USSD from mobile such as *bank code*mobile no of reciever*amount*password*any other information#.Payers mobile no will be added to this automatically.
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