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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)
Venkatachalam_6
Venkatachalam_6 10 years 10 months ago
Yes the incentive should be provided for card payments. Wherever I shop the merchant is keen on getting the extra charge. He says that bank charges us and so we are charging you. Even after explaining about the RBI rules they say pay extra or pay cash. So there is no use of plastic money. Government should take necessary action. Else the common people like me tend to use cash as a payment option.
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Arun Kumar
Arun Kumar 10 years 10 months ago
All electronic expenses be deducted from income before income tax calculation. Flat rate of 30% to 50% income tax may be fixed doing away with several types of deductions as of now. Business entities can be provided vat rebate on electronic sale and purchase both. Charges taken as sevice charges by electronic payment service providers be also included in expenditure at individual end and income at service provider end.
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Deepak Agrawal
Deepak Agrawal 10 years 10 months ago
The draft proposal on electronic transaction is a great measure to curb black money transactions, tax avoidance & reduce corruption. However, the following points must be considered to make India a cashless economy: Reduction of service tax, VAT, surcharge & luxury tax on non-cash transactions No charges on IMPF & other bank transfers User controlled dynamic spend limits on Debit cards Alternative methods for 2 factor authentication Install NFC supported machines at POS
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VIPUL KUMAR AGARWAL
VIPUL KUMAR AGARWAL 10 years 10 months ago
1%discount every e payment example ele.bill, telephone bill.every purchase of above rs.1000.No cash payment of above rs.50000.only e payment all payment link to adhar no.All shopkeepers motivate to customer because rebate in income tax and vat. Thanks
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PRAMOD KUMAR
PRAMOD KUMAR 10 years 10 months ago
every account must be add to aadhaar card.awareness about electronic transaction know to everyone.if we really want to carb some corruption then we must facilitate this service to everyone.rupay card must be operate all transfer facility.
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Milap Sharma
Milap Sharma 10 years 10 months ago
To get rid of black money and to prevent corruption , e transaction will go a long way. It must be made mandatory if the amount is more than ten thousand
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Sagar Vijayakumar satani
Sagar Vijayakumar satani 10 years 10 months ago
elecrtonic transaction is big resolution is an era.today no need to go to at any place and stand in que all transaction being made sitting at home.that shold be apply in punishment base like traffic police memo implement by this so its stop curruption.also required basic form like crymilliar certi & other document also get by e tranction.
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SHIVAM KUMAR_10
SHIVAM KUMAR_10 10 years 10 months ago
shifting toward NFC and smartphone payment which is also now highly secure after introduction of fingerprint scanner and other authentication technology. Also you can make fingerprint data optionally available on your card and make it optional on consumer to use it. It can greatly help to solve long queue problem in payment center.
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