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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)

Dinesh Sharma_13 10 years 10 months ago

Very Good steps but Govt also need to take strict action against fraud calls/cases related to debit/credit cards otherwise many innocent people will be get cheated.

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Karthikeyan Ganesan 10 years 10 months ago

My 2 cents... While this is a good idea to move to plastic cards, one needs to care of security features on the Credit Card or debit Card and additionally, we also need to see if the money swiped through Credit cards are also paid by the users or consumers. One can easily get onto just swiping money and not bother to repay. India is a country which has cultural tradition of paying money back to lenders and it is critical to ensure that repayment is also adhered to. All the best!

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Himanshu Bhusan Sabat 10 years 10 months ago

Very good proposal. At present charges levied by the vendor i.e. LIC charges too much for payment through credit card which discourages to do online transaction. If charges reduced people will automatically make online transaction which will reduce the stress of queue.

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ranjeet singh_20 10 years 10 months ago

This will be a welcome move.Electronic transaction leaves a trail and so easier to audit. So to curb black money there is a need to diminishing the use of heavy cash transaction.

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SACHIN SURESH MATKARI 10 years 10 months ago

it will be great decision if implemented ....and govt shld make some provisions related property transactions also n make dem transparant....but this is a gud start..

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Vijay_76 10 years 10 months ago

Finally some one is thinking about common man and middle class people. We have been neglected as if we are not existing in this country. The proposal on cashless translations is amazing. Hats of to Arun Jaitly on this unique proposal

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Sunil Kumar Reddy_1 10 years 10 months ago

Its a very good initiative by the government to stop few illegal transactions

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Chandresh Agrawal 10 years 10 months ago

Its very goods step.. But i am afraid of the frauds happen with this card holder. Weekly i am getting 2-3 fake calls with intention to use my card details for their benefit. How a small and under educated people can save themself from this cheater sitting in some corner of country and taking away peoples hard earn money. No strict action is taken against this fraudster so when all people have debit card they will also earn more.

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DURGESH KUMAR GUPTA 10 years 10 months ago

very sensible proposal to use electronic cards for all payments and purchases. This will certainly help in controlling black money and rebate tax.

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Raman Naykar 10 years 10 months ago

Govt. should go for making following things mandatory 1. Payment through electronic mode/debit card for those having shops and establishment certificate 2. Bus fares /railway fares should be cashless including tickets at reservation counters 3. Withdrawal of cash should be limited to Rs. 50,000/- per month to discourage cash transaction 4. Donation @ temple/church/charity also should be online or by electronic mode and no cash donation beyond Rs. 100/- to be allowed

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