All electronic transactions should have an inbuilt incentive of 0.5 or 1% reduction in the cost upto the first 10000 rs or some other reasonable amount. Consumer mentality is to go for the cheapest always. So, small cost incentive will be entice the consumer.

Also,government should ask banks to completely waive off all transaction charges in such transactions.

Once electronic transaction has enough penetration high denomination currency notes must be withdrawn to curb black money even more

Yes the cash transaction should be completely ban in India.The gov should bring such a scheme that even small vendor and common and poor man can also do transaction through mobile. It will save our country from corruption, blackmoney and save trees and many more resource and precious time as well.

There has to be no deposit limit in the bank account of any type, instead a limit on withdrawal. All transaction above certain limit has to be made either by NEFT/RTGS/Cheque with same day/instant remittance and cheque can also be posted to bank via email and banks must have a system to validate cheque instantly.
The other option could be tele banking for transfer through IVR.

Indeed its a great move. This will improve the purchasing power of common man. All transaction above 1 lac should be definitely routed thru the bank a/c & PAN card must be reqd. Cash withdrawal and remittance of Rs. 20000/ from one account during a calendar month should be taxed. All banks including co operative, should come under the rule. Present system of TDS for bank deposit to be changed. Bank should deduct tax for interest payment above 10000/- and payee can claim refund from ITdept

This is good idea but more important is government's Clean motive to curb black money. Basically tax structure should be very simple like one transaction tax and nothing else. Government charges tax to people in many ways and that's why people escape from that.So be simple .....

It is a great idea, i have discussed it many times with my friends.. Please act upon it as it will be beneficial for the County and the common man working hard and paying all the taxes with faith in the system. Go ahead.

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.
Great initiative

Go ahead with this idea. It will help people to save their time and money.
This proposal is in benefit of common man and it will help to make a corruption free INDIA.
Bhagao corruption , Badhao India !!

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

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.
Great initiative!