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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)

Anchal sohaney 10 years 10 months ago

1) In order to avoid e-transfer some shopkeeper delebrately keep swaping machines with 2% charge or mislead consumer by saying that transection will be charged.So Govt should stop such schemes. 2) Govt should issue a certification of cash less transection to shopkeepers that should be visible to customers on the board before entrying the shop. 3) Fast and paperless,signatureless schemes should be developed for small amt of transection like grocery stores who are black money generators.

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vijay singh_42 10 years 10 months ago

give some relaxation on vat, surcharge, or service tax. For eg if you buy petrol in cash its cost is Rs.67 per litre but if you buy bu credit or debit card its cost Rs.65 by reducing some vat or other tax.

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Rayapati Mohan 10 years 10 months ago

Make it Illegal for Service Providers (Govt. or Private) to charge extra for Credit/Debit Card. Ask Credit Cards to change to 15 day cycle instead of 1 Month and then reduce Merchant Discount. Withdraw 500 & 1000 Rupee notes and issue new 250 Rupee note. Highest Cash Usage is in Real Estate. Make State Govt. reduce Stamp Duty to 1 %. Or exempt people from paying extra stamp duty while registering property at higher than guideline value. #ElectronicTransactions

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Mandar Ashok Bhatkar 10 years 10 months ago

Most of the black money in the country is routed through the Real Estate sector. The builder lobby collects black money from the common people in various forms e.g. Parking Charges, Society charges, Miscellaneous charges,etc. The main reason for collecting the above in black is to feed the government Babu's in the muncipal offices, Ministers, goons, etc. The common man ends up paying huge amount between 5- 20 lacs to the builders.Rules and regulations should be made to stop the outflow of above.

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DIVYA GUPTA 10 years 10 months ago

Aadarniya Pradhanmantriji, Mere chacha vijay kumar gupta kai aacording bijli bananai ka aisa sadhan jantai h jissai na to vayu pollution hoga or na hi jal or dwani pollution hoga. Whe sadhan aaj tak jitnai tariko sai bijli banti h like- parmanu, koyla, water,diesel, gais,saur urja,potatao e.t.c sai hatkar h. Or uska karcha bhi naam matr ka h.Kyuki mere Chacha kay pass paiso ka aabhav h or whe patent karwana nahi jantai isliye whe chahatai h ki unkai formula ko BHARAT SARKAR patent karwai.

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Srinivas K_1 10 years 10 months ago

Continuition No need to fear on foreign investment as we have a lot of employees, investors who really want to save their hard earned money. Govt can provide tax rebate on this to attract more money in to this system We need to teach each and everyone on this to be more effective. Banks and other financial services are the sources to get this done Social media media are the ways to promote this Just think on this if OK..plz call me on 7411482139 or 8884192414 for further clarification

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Srinivas K_1 10 years 10 months ago

I request govt to strictly introduce saving in to equity of public sector and private sectors in required proportion.so that we can build our economy strong.we can use this funds in different ways to improve these said sectors as well as Indian economy. I am writing this with my little bit of knowledge on economy. Good people can add their views on this further. Govt and companies can be assured that our own people's money is there and they have saved for their future. Plznead attached

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senthilkuamr 10 years 10 months ago

Need to published the write off amount from public sectors banks every year in major new papers and annual report of respective banks with borrowers name. What are action has taken for safeguard assets need to publish RBI website's. Banks board need to pass special resolution for write off more 1000 crores. Promoters entire track record have to be collect and verify the any diversion of funds. Banking system need to strengthen and implement effect system for monitoring more 500 crores projects.

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Tilak Minocha 10 years 10 months ago

Deduction should also be provided under income-tax act for persons using more and more spends through online method. More the amount of transaction, the more be the amount of deduction.

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Tilak Minocha 10 years 10 months ago

Make it mandatory to use payment other than cash for any purchase exceeding Rs. 10000. Every person selling goods must obtain Aadhar No. of the purchaser for shopping beyond Rs. 10000. Further, in order to avoid wrong information being provided, a thumb impression machine to be made available to sellers to obtain Aadhar No. through Thumb Impression.

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