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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)

Sangeetha Subbiah 10 years 9 months ago

#RUPAY Closed User Group schemes kind of concept could be implemented with debit cards.Currently the limit on ATM card swipes are based on one card only. Instead this could be grouped. Say if one account holder declared his other bank accounts and his immediate family members account details and grouped them together, the ATM swipe limit should be calculated based on all the other account ATM swipes too.This will help to understand the transactions history of Indian families.

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Sushil Srivastava 10 years 9 months ago

Before placing this draft into plan. I suggest to first make all shopkeepers including who sales building material and electric goods to accept plastic payment. They do not accept payment through cards beause of heavy profit involve in it which be otherwise disclosed. Then strengthen ATM which either do not have money or most of the time out if service.

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Sangeetha Subbiah 10 years 9 months ago

#RUPAY Suggestive/Awareness messages about debit card usages in retail outlets/bill payments could be displayed in all ATM screens and double checking confirmation messages could be added while withdrawing the amount

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Sangeetha Subbiah 10 years 9 months ago

#ElectronicTransactions If we take cities like Chennai,different shops define their own minimum purchasing amount for the acceptance of debit cards.This varies from shop to shop.Reliance fresh fruit shop will fix one amount as minimum purchase limit where as other fruit shop will fix another amount as minimum amount.There should be an uniform minimum amount like Rs100 or so should be advised by government.So that the purchasers will be confident to use the cards in all the card accepting shops..

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KAMAL SUCHETAN 10 years 9 months ago

cashless transactions are good but technology has its perils. the advent of cyberterrorism cannot be neglected. the digital divide has to be addressed before digitizing everything. the financial inclusion should not neglect rural india

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Jijulal Nair 10 years 9 months ago

1. Currently transactions above 50k needs pan card. Make it compulsory that transactions above 50 are done only through neft/neft/imps. Initially there may be a caos. Slowly settle down. 2. Make all online transactions free including private banks. Canada bank charges. 3. Bring down daily withrawal limit to 10k. 4. Promote swiping machines at all shops including rural petty shops by offering free account. 5. Insist banks not to charge any of the services from current account holders.

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pradeep Shah 10 years 9 months ago

The best way of Promotion of Information and Communication Technology systems in school and adult education is to allot all the possible allocable opportunities of learning and promoting to the privileged reservation categories and corrupt, selfish persons, like chaiwalas who fulfill their dreams "around the world" at the cost of nation's money, shot slogans of good doing to the poor.

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pradeep Shah 10 years 9 months ago

On 31-5-15 his speech Maan Ki baat Resp. PM Mr Narendra Modi has CONGRATULATED the successful students on BOARD EXAMINATION RESULTS, and CONSOLED the others stating TAKE FAILURE AS AN OPPORTUNITY, LAYS FOUNDATION FOR SUCCESS. But what about those DESERVING STUDENTS, WHO WERE LEFT BEHIND JUST FOR SAKE OF GREAT PRIVILEGED RESERVATION CATEGORIES, Resp. PM Mr NARENDRA MODI SIR what FOUNDATION should they consider. Resp. PM Mr NARENDRA MODI SIR, do you have explanation or just MAKE IN INDIA speech

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K Y NAIDY 10 years 9 months ago

the payments through electronic modes bring difficulties to the rural illeterate workers in the NREGA Scheme and other govt schemes. some times the payments are made through postal department and some times through banks. all the workers do not have bank accounts and the banks are distance away from their villages and they are not willing to go for banks to with draw less amount rupees 200 or 300.

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o v gnana prakash 10 years 9 months ago

It is FM who has given his budget promises, unless until the cash flow of transactions are restricted we can not stop these duplication of currencies flow in the market. Restrict all the cash transactions to Rs.5K, means at any given point in time one should have only Rs.5K in hand rest should be in the banks. ED or DRI should be more active in this country to bring this into control.

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