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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)
Ravindra P
Ravindra P 10 years 10 months ago
It is a very good initiative for facilitating electronic transactions and the objectives are achievable. As it is only at proposed policy stage, one more feed back from persons who have provided inputs at this stage may be obtained after detailed working level document is worked out. Attached comments and view points on respective point of proposal
CommentsofPRavindra.pdf
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Prashant n
Prashant n 10 years 10 months ago
Mudra Bank ATM Cards-One step forward, two steps backward Government of India is making all efforts to migrate cash transactions to Safe eTransactions. The ‘Draft Proposals For Facilitating #ElectronicTransactions’ invites suggestions from general public to increase the number of Safe eTransactions in our country. In this respect, the proposal of Mudra Bank to issue ATM Cards to enable Loan beneficiaries to withdraw loan amount through cash is a retrograde step.
mudrabank.pdf
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krishna_41
krishna_41 10 years 10 months ago
RBI should make provision to have consolidated passbook (Single pass book ) by integrating all bank statement or transition into one single book (like SEBI is doing), this has many advantage, in the context of electronic transition by having single book, say for a calendar month there can be a ceiling for withdrawing cash after certain limit charges should be applied for cash withdrawal, similarly transaction made by electronic mode should be rewarded based on volume of transaction made.
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Jayanta Narayan Misra
Jayanta Narayan Misra 10 years 10 months ago
Dear Sir, This is a very welcome move. The swipe machine may be subsidized by the Government which in turn will reduce the cost of currency note printing, stop circulation of fake note and also higher tax collection in the long run. Widespread publicity and incentives for digital payment is also need of the hour. I wish the scheme a thumping success. ...Jayanta N Misra.....
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AJAY GUPTA_20
AJAY GUPTA_20 10 years 10 months ago
Also electronic transaction accepter in case of service provider or traders transacting by electronics means shall be provide discount by government so that accepting cash is discouraged and more and more transactions are accountable.
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krishna_41
krishna_41 10 years 10 months ago
Dear Government, Presently, there are charges applied for NEFT and RTGS service which should be removed ( No charges to be applied for electronic mode ). Instead points system to be introduced as followed by credit card company for doing transaction by electronic mode. facility NEFT and RTGS to be made real time ( Similar to IMPS ) now it works only between 9am to 7 pm on week days and partially on Saturday, it should be made 24/7/365 with real time transfer facility.
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Chandrakant Pulkundwar
Chandrakant Pulkundwar 10 years 10 months ago
Sir, I personally feel that all transactions above ₹ 50,000 shall be compulsorily through bank mode. Either internet banking or debit card or cheque or Pay order. Regards,....... Dr.Chandrakant Pulkundwar
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Prashant n
Prashant n 10 years 10 months ago
50 techniques to boost #ElectronicTransactions in India. #RUPAY will be the key driver in this digital drive. Link to my Blog @ http://prashantnepayments.blogspot.in/ Phase I – All Metros Phase II - All Tier I and Tier II towns Phase III – All Tier III and IV towns Phase IV – All Tier V and VI towns The Most Important: All Household LPG cylinders delivery staff be equipped with Mobile POS Machines. Payment through Mobile POS only. Cash payments to be banned
LessCashtechniques.pdf
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