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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)
Venkatesh S_5
Venkatesh S_5 10 years 10 months ago
Good initiative. would be good, if rebate proportion is also released as part of draft.. Particularly for IRCTC, the service charge has to be waived. Hope all online transactions would get rebate privilege
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Samim Aktar Mallick
Samim Aktar Mallick 10 years 10 months ago
Good initiative is taken and it will help to curb the black money and tax evasion. At present people paying by the electronic mode are being levied by transaction charge, service tax, convenience fee etc.. Even some merchants try to pull out 2% additional charge for paying by Debit/Credit card. Though I am using the same wherever it is possible.
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Anupam Pathak
Anupam Pathak 10 years 10 months ago
Good initiative by Government. Government must follow “Carrot and stick policy” for honest and dishonest people. Proposals can be found in the attached image file.
ProposalForE-TransactionsBill
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Vinoth Kumar_6
Vinoth Kumar_6 10 years 10 months ago
Really exciting idea.. must come act.. i'll happy to support for this.. i'm sure it will help to reduce the black money if every one follows this.
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Dilip Jabuani
Dilip Jabuani 10 years 10 months ago
Dear government This very good initiative to curb unauthorised transaction(black money) Suggestions, 1) Provide low cost internet access in rural area to get e commerce transaction 2) Educate about how safely e commerce transaction to done( i seen so many incident in which debit card holder was in loss due to cyber crime attack) 3) Curb unauthorised call about demanding debit/credit card no.,account no. etc. to get fraudulent transaction from illiterate Indian peoples.
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Vijay_77
Vijay_77 10 years 10 months ago
Good Initiative by Modi Government. Most of the merchants and service providers like LIC of India, Jewelleries, IRCTC and so many are charging extra charges for credit/debit card usage. Kindly stop this practice and has to give strict instructions by government to service providers to stop such practice then only people can happily use their electronic cards.
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Saravanan_44
Saravanan_44 10 years 10 months ago
Nice one. All transactions should be made cashless. Transactions with amount more than 1 lakh must be through Bank / Credit /Debit Cards. This should be common for all people
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Jishu John Skariah
Jishu John Skariah 10 years 10 months ago
In reality, many shops especially smaller ones are hesitant to accept card transactions, citing delay in settlement from banks and charging of 1-2% by Banks. Such drawbacks have to be addressed. PAN no: can be linked to all credit cards and then reporting of AIR for high value credit card transactiions can be totally avoided. In due course, cash transactions should be disincentivised by say withdrawing Rs.1000/- wholly, and by withdrawing currencies annually, those printed upto a particular year
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