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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)
RAMESH NS
RAMESH NS 10 years 10 months ago
carrying cash for purchase of tickets which in turn will reduce theft & burglary in trains. All malls should have the facility of centralized bill payment thru cards and buy anything from any shops in the malls/food court so that it reduces making payment to all shops. This facility is at the Delhi Metro station in the food court. All electricity & water bills only thru cards/online with benefits of charge/fee. All these areas done with zeal will help in reducing black money otherwise it will be
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RAMESH NS
RAMESH NS 10 years 10 months ago
all pump owners to move towards electronic transactions for all amount above Rs.100. This will make the lorry/bus/auto/taxi driver to apply for cards and he will also come under the tax purview. For all this tie up with banks coming out with auto/taxi/lorry/bus credit cards with lot of benefits of using with insurance cover through this and tag all this people under JAN DHAN/SURAKSHA category. Make all train tickets thru cards with 5% benefit on train ticket charges it helps ordinary people carr
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RAMESH NS
RAMESH NS 10 years 10 months ago
his/her job. All items at his house and given to anybody as gift will be confiscated. We need to reduce the import of gold for next 2 years to ensure our CAD is surplus. And work towards getting all gold which are currently at different homes/temples. With this fiscal deficit it will be difficult for govt to spend on infrastructure and revive the economy. Work towards reducing our dependency on oil import. All fuel stations should compulsory take credit/debit cards instead of cash. Incentive's
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RAMESH NS
RAMESH NS 10 years 10 months ago
more than 1 Lakhs and his PAN/AADHAR NO. has to be taken otherwise the trust should be barred/banned from accepting public money. All major black money transactions occurs at the purchase or selling of gold/silver/diamonds. All shops don't maintain any proper bills nor give any bills and scare people with higher tax on purchase with bills. All ornaments above 25,000 have to be purchased thru cards/cheques. 60% of commercial/sales tax officials are corrupt. Any officers caught for bribe will lose
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RAMESH NS
RAMESH NS 10 years 10 months ago
charitable trust have to be given in cheques and the charity commissioner office have to be upgraded..they follow 150 year old rules and condition of the office is pathetic.. Maximum black money movement happens at all these trust...ED/IT dept have take action on all officers who are caught in taking bribe. Creation of zonal offices of charity commissioner office is reqd and digitization of this office is very crucial to curb black money. Any trust accepting money have to register people donatin
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RAMESH NS
RAMESH NS 10 years 10 months ago
Tie up with Master card & VISA and all banks on reducing the transactions charges levied for using credit/debit card. Incentive's for using cards instead of cash will serve dual purpose 1. reduce printing of notes 2. control/reduce black money. Shops should be allowed to give 5% discount for customers using credit/debit cards. Black money is rampant in educational institutions as they accept only cash. All educational institutions have to take fees only thru cheques or cards. Any donations to..
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Pradeep Nayak
Pradeep Nayak 10 years 10 months ago
Ok..this is good idea...and I want to suggest that pls give credit n debit card to all persons with minimum charges and remove all surcharge and other hidden chages in petrol bunk n hotels.by that black money can reduce also minimise robbery. Mainly give unlimited transaction via atm..carrying money is difficult so by atm its safe process.Increase at m's.
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manoj kumar_62
manoj kumar_62 10 years 10 months ago
Sir this is nice thought but I think this is a good way to stop black money sir but this idea is not useful for small shopkeepers sir due to this annual income is decreases of small shopkeeper due to this in future app. After 5 year every person save his tax nd go to megamall nd mega mart's.nd small shopkeeper are decreases there income
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Comments (1)
Raghavan G
Raghavan G 10 years 10 months ago
All utility bill payments could be made cashless by incentivising ecs or online payments. All bank accounts could be linked to pan/aadhar to keep a check on cash withdrawals. With card security being paramount(phishing), people may not feel comfortable in using cards online. Educative ads should come up asking people not to share pin/cvv etc. This facilitating of e transactions can be viewed as an addendum to swachh bharat abhiyan. Green, secure and paperless.
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