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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)

Navin Jain_1 10 years 9 months ago

This is a very complicated problem, and there are obviously a number of steps which would need to be taken to promote usage of electronic payments and persuade people to stop or reduce the usage of cash. Among the fundamental reasons for continued high usage of cash are: 1. High taxation in the economy - both direct and indirect taxes. 2. No visible/tangible benefits for the taxes paid to various governments - central or state or municipalities. 3. Education level of masses.

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SHIVAM KUMAR_10 10 years 9 months ago

As online and card payment is increasing becoming popular , I have recommendation regarding card payment system in India especially Rupay card.Apart from traditional password authentication, card should have inbuilt fingerprint data of customer. Card should have mandatory this data Fingerprint data apart from traditional password authentication can be used for payment authentication at shops, railway ticket counter etc which is both safe and fast. It will greatly expedite long line of customer

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shailesh thumar 10 years 9 months ago

Please make rupay card acceptable at all small shop, railway,bus taxi,auto,all bank ATM machine.while transaction keep very nominal charge so it is more and more acceptable.by Keeping nominal chrges people will use it and government can earn good money from transaction charges.

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manish kumar thawaria 10 years 9 months ago

Dear sir, One more suggestion that you must issue a rule that in big restaurents and hotel above 3 star category will take payment only by card whether it is debit or credit card

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manish kumar thawaria 10 years 9 months ago

Dear sir, To increase cash less transaction you must give direction to banks to keep there charges low on edc or swipe machine.because in most of the cases merchant ask there customer to pay surcharge for card purchases and to avoid any extra payment consumer pay cash

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Subha Satapathy 10 years 9 months ago

Salaries or any remuneration should be paid directly to the beneficiaries account and availability of atms across the city should be reduced with increase in cash deposit machines.

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Subha Satapathy 10 years 9 months ago

On plastic cards transaction below 1000 or 2000, no commission should be charged by banks for small businesses. This will be helpful for local vendors or store owners to set up pos terminals as it won't be a burden for them.

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rajkumar pandey 10 years 9 months ago

Forecast -- BJP will lose bihar elections due to this episode of lalit modi in which sushma swaraj and vasundhara raje are involved in a quid pro quo relations. Modiji, dont delay sacking of these two ladies. Suggestions for cashless systems--(a) withdraw all 1000 rupee note to force big transactions to come to cashless mode(b) mass education and training for all poor people in urban, rural areas to adopt and use these methods (c) end all user charges for methods like debit, credit, prepaid, etc

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DR SANJAY KHAROLIWAL 10 years 9 months ago

In our country small businesses don't have know how of plastic currency. They don't keep necessary machines to swipe.how could they work acc to govt expectations

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Raushan kumar 10 years 9 months ago

आपने जो कदम उठाए है काले धन वापश लाने की तो काले धन भारत कब वापश आएगे ।

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