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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)
Dattaprasad Vaidya
Dattaprasad Vaidya 10 years 9 months ago
Hon FM, we should consider Arthakranti Proposal. Below video spells details of how it can help curb black money and has potential to revive Indian #economy. https://www.youtube.com/watch?v=GVfmUmB0bpM As a first step, we can think of continuing indirect tax and abolishing direct tax. If that work well, we can remove indirect tax as well as stated by Mr Anil Bokil in above video. We need that bold decision, post rigorous analysis using today's adv computing power.
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Kunal Lodaya
Kunal Lodaya 10 years 9 months ago
Dear sir, To facilitate e transaction, there is need of medium of internet which many people still dont have. First of all we need to provide internet facilities to all the people. Secondly the flow of 1000 currency notes should be abolished. There should be mandate e transaction for over Rs. 30,000/- The service charges charged by the bank are very high. They should be lowered. Some rebate should be offered to the public to advertise e transa tion.
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barun bhardwaj
barun bhardwaj 10 years 9 months ago
1.close circulation of Rs.1000 and 500 currency. 2.mandate e transaction for high value amounting above Rs.50000(fifty thousand) 3.abolish service charges on debit card/electronic transactions (e.g. IRCTC ticket booking) 4.incentive 1% rebate in bill for e transaction (0.5% to end user 0.5 %to merchant) 5.stop cheque and demand draft use to enable real time e transactions. 6.Deincentivize cash transaction by levy cash transaction charge 1% (0.5% to end user & 0.5% for merchants)
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Sudhakar Kodela
Sudhakar Kodela 10 years 9 months ago
Many are expressing aadhar to be made mandatory. Still we are finding people without aadhar. A mechanism has to be created by industries,labour departments to cover all the workers working in the industries. For enrolling aadhar employer certificate should be allowed. Sudhakar kodela 9866730928
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Dinesh Singh Chauhan
Dinesh Singh Chauhan 10 years 9 months ago
महोदय, आपका विचार बहुत उत्तम है।इसे लागु करने के बाद आम जनता को क्या परेशानी आती है इस बात पर पैनी नजर रखते हुए उनकी समस्याओ का तुरंत निदान करना आवश्यक है।
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Matta Vinay Kumar
Matta Vinay Kumar 10 years 9 months ago
Sir! Only Aadhar card should be used for all financial transactions. You may therefore abolish pan card. Also, for encouraging electronic payments, you should reduce service tax for the payments done by cards. This will make people move towards transparency.
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ARUN PANDEY_7
ARUN PANDEY_7 10 years 9 months ago
Adhar card should be use in income certificate adding with some more information so that people could make fake income certificate..
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inder jeet
inder jeet 10 years 9 months ago
Sir i suggest that adhar card should be used in all income tax related issues rather than pan card so we need one id lots of energy and money saved of our country's poor man because there was no pan card id in rural india but there adhar card is we should take uniform decesion in this situation pan card formation is very costely for common indian
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Nilesh Shah_2
Nilesh Shah_2 10 years 9 months ago
Sir, in next step you can introduce BTT on each account where credit are more then yearly income tax exemption limit...this will save millions of tree used for paper and will support green india
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