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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)
Dr Swapan Kumar Banerjee
Dr Swapan Kumar Banerjee 11 years 3 weeks ago
Welcome e-transactions! It will ensure more transparency and enhanced tax collection for my Gov. People with black money will find it difficult to hide their purchase. Both Central & State govts will benefit; so will honest people if they get rebate. CESC is paying 1% for online payment. I have been long advocating for cashless transactions. As revenues go up, My Gov can invest in development projects. Demand for bribe, extortion, and "chai-pani" will be eliminated.
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vimal t shah
vimal t shah 11 years 3 weeks ago
Ecrimes are growing at faster rates and even me too is victim of ewallet hacking (without resolution) so the pace people will go to this idea will also make money of Indians unsafe and people shunning away from these initiatives! Govt must have stringent wing to curb these fraudesters so as to make really feel the benifit of project. Rupay is good idea but try applying practically with banks (tried at loyal, icici and sbi too but they really shun and application doesn't have options!
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Mohit Kumar_38
Mohit Kumar_38 11 years 3 weeks ago
Dear Sir, First, I appreciate the Indian government has taken this step to curb black money. The additional charges which levied while making payment through card are vary from 1.5 % to 3.5 % and there is no fixed guidelines for the same. Vendor charged according to their will. If it can be systematically planned (either waive off or some tax returns etc) then no body will prefer cash transaction.
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AGASTYA SHARMA
AGASTYA SHARMA 11 years 3 weeks ago
4. in any case, if "report from bank" is must then let the limit be corresponding to the card holder " tax bracket" or the highest salary drawn by a gov servant.
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AGASTYA SHARMA
AGASTYA SHARMA 11 years 3 weeks ago
3.people are afraid of being reported even honest tax payers..n reasons are well know to finance ministry. rather prudent idea would be let people do e transaction as much as they wish n only after some suspicion/doubt arises based on certain parameters eg reports/inquires/facts etc only than "report" from bank is needed after all the goal is already achieved by making all transaction " transparent n traceable!"
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AGASTYA SHARMA
AGASTYA SHARMA 11 years 3 weeks ago
the problems i see in the suggested draft-1.While incentivization of electronic is good idea but disincentivization of cash based transactions in terms of a levy no matter how nominal it is as cash handling charge would be a blunder n unpopular. How one can be charged simply coz one is using national currency in transaction?? 2.any sort of reporting by bank for e-transaction is contradictory to the very goal n objective of the bill. n present limit of 2 lac in a year is ridiculous.
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Rajesh Guttula
Rajesh Guttula 11 years 3 weeks ago
Dear Sir, This is a very good initiative and I fully support this to reduce cash transactions and cease the flow of black money. Thank You.
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Abhilash Thobias
Abhilash Thobias 11 years 3 weeks ago
Dear Sir This will be a good idea if the extra charges that we are paying to pay thru card are removed else this will not do any good and people will continue to pay by cash only. IF these extra charges are removed and then some sops are given then this is definitely a move in the right direction.
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bikash boruah
bikash boruah 11 years 3 weeks ago
Dear Sir, This is very good idea towards curbing black money from our nation. I believe this can go long way in controlling black money and at the same time will encourage common people to do more transaction on-line. Very good proposal and should be adopted
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