Draft Proposals for Facilitating Electronic Transactions

Draft Proposals for Facilitating Electronic Transactions
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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yogesh maurya_1 4 years 2 weeks ago

i think that electronic transaction is safe easy and quick process and it is transparent so i think government should reccommend it to all the marjeters and all the peoples in india

Rakesh yadav 4 years 3 weeks ago

There should be a government payment wallet in which everything can be integrated and banking transaction free of cost .there should be a integrated system from which insurance scheme ,market share can be bought. This type of integrated system can electrify the economic activities of people

Sudhanshu Shekhar Jha 4 years 1 month ago

In this era of mobile technology, most of the people are capable of wasting so much time on whatsapp & doing so much e-shopping but mostly on COD. COD should be banned as people are utilizing their black money for that. They can very well use net banking for any sort of payments. So electronic transactions must be made mandatory.

Sudhanshu Shekhar Jha 4 years 1 month ago

Electronic transactions must be made mandatory for all expenses for all govt & private employees and all businessmen. this is to curb corruption & black money. The best way to minimize is to abolish higher denomination notes like 1000 & 500.

gopal krishna_2 4 years 2 months ago

some special regulation need to be made in retail industry as a large amount of cash transaction( totally in black)demanded under the table in order to reduce the cost of properties , causing a huge tax theft.

Rakesh Singh 4 years 2 months ago

Electronic transaction should be made mandory for all buisness deals All purchases made by buisnesman should be through electronic transaction. A close vigil should be kept on buisnes deals and purchses involving land.

Gopinath P_1 4 years 2 months ago

The use of credit/debit cards maximum issued by financial institutions can reduce the cash transactions to a great extent. further for money transfers various on line systems are in force. But still in certain service sectors/departments, a percentage of fee is charged for usage of cards for effecting payments. This is apparent in many states. This is to be removed.