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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)
Madhumilind Kamthe
Madhumilind Kamthe 11 years 1 month ago
There is cheque menace in our country. 18 Lakhs chque bouncing case pending in country as per some report . Cheque system should be cancelled instead Electronic cheque facility should be encouraged and rules made thereof . So within min. person will come to know whether he is going get money or other person fooling him. Physical cheque are obsolete technology and it is causing increase in cash transaction.
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Madhumilind Kamthe
Madhumilind Kamthe 11 years 1 month ago
Mobile transaction should be encourage like Kenya. Mobile most people have . All mobile should be verified by Aaadhar. Payment should be able to do on any mobile company (Present Airtel have problem to do payment on vodafone ). Mobile transaction should be encouraged. Payment of fines and penalty for Ticket checkers should be also be via mobile payment . This will reduce petty corruption
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Shanmugananth Kandhasamy
Shanmugananth Kandhasamy 11 years 1 month ago
Please Implement Standard Billing method and tracking mechanism, so that we can ensure all kind of Indirect taxes(ST/VAT/etc..) collected from public reaches Government and also can accurately evaluate the Income of all TIN holders in our country
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Madhumilind Kamthe
Madhumilind Kamthe 11 years 1 month ago
There should be restriction in withdrawal of cash from bank on individual. Take for eg. 1 Lakh Rs. for what purpose individual need to remove in 1 month. Mostly it is taxable expenses and carrying such high amount is risky and security issue. So limiting cash withdrawal / or making law that possessing high cash after specific amount will be punishable offense will help economy and individual both .
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DEBASISH MAITRA
DEBASISH MAITRA 11 years 1 month ago
This is very encouraging step taken by the Government. My suggestion is that please allow us to pay at the fuel stations through our credit/debit cards without being charged extra. As of now, if I pay through cards I find that I am charged extra of Rs.30 (approx.) for every Rs.1000 purchase of petrols.This discourages me of paying through cards. It has to be removed. We don't want even rewards, but we want not extra cost burden on us...
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SUDARSANA MOORTHY CHANDRASEKAR
SUDARSANA MOORTHY CHANDRASEKAR 11 years 1 month ago
Implementing such a good plan the govt is offering Tax deduction. Hope this will work to remove black money. Instead of removing black money Govt can remove the people those who handling black money.
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Paras Barasara
Paras Barasara 11 years 1 month ago
Great Move but definitely late move... One thing i can't understand that why government not adopting one easy method to curb black money : Only one step required : Make Law And make it compulsory in whole India that all the land transactions must be made at Fair market value and see after this change all black money curb automatically... As far as online transction concern why government never take survy like New Zealand where 2/3 is payment through cards only...
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