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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)
Raghavan G
Raghavan G 10 years 10 months ago
E transaction sgould not be seen only as card based payments at PoS. It could also be neft or rtgs from a computer or a bank branch enabling people who dont use internet to send money online. even something like instant money order could be of use. Cash payments in big purchases like jewellery, 2 or 4 wheelers, real estate purchase payments could be disincentivised by opting for a nominal surcharge. Payments at all govt portals like registration department could be made mandatorily cashless
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KRISH_4
KRISH_4 10 years 10 months ago
Our project is a smart solution for the problems in petrolium industries of India which can be expanded globally using the concept of IoT and e-governence which are the new trending digitized systems which will surely write our product contributing to make in india and digital india vision.
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Kh Rajen Singh
Kh Rajen Singh 10 years 10 months ago
End to End Computerisation is very much lacking in India. Emphasis be given in this area. Many of the MMPs are not working in spirit. Priorotising MMPs implementation in select sectors instead of identifying large number of MMPs would be better with regular monitoring.
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HARSH VIG
HARSH VIG 10 years 10 months ago
This would be a great initiative and definitely help in curbing black money. Government must give tax benefits to merchants & consumer who support & promote electronic transactions through credit and debit card. This proposal must be implemented as soon as possible.
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Ramakrishnan Padmanabhan
Ramakrishnan Padmanabhan 10 years 10 months ago
Absolutely right builders neta nexus trader neta nexus is well known but don't forget professionals like doctors and lawyers and CAs who accept fees in cash. Also school donation and coaching classes accepting cash. Salaried class ends up paying taxes
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Ramakrishnan Padmanabhan
Ramakrishnan Padmanabhan 10 years 10 months ago
Corruption is deep routed especially in govt depts. So 1st make everything online esp in the govt depts. To buy homes people pay bribes either the builder or the customer.Traders don't file taxesm Professionals like doctors n lawyers don't file actual incomes. Make everything online. A hospital in chembur Mumbai doesn't accept credit or debit cards only cash. Parallel economy is thriving. Bring this all into banking system and there'll be ample liquidity.
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