GOVERNMENT OF INDIA
English language

Home | MyGov

Accessibility
Accessibility Tools
Color Adjustment
Text Size
Navigation Adjustment
Screen Reader iconScreen Reader
Menus
Sticky Menu

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.

Reset
Showing 1250 Submission(s)
Santhosh Hebbar
Santhosh Hebbar 11 years 1 month ago
why can't we can have our own indigenous platform for payment(like RuPay, but it should be the completely centralised)? Current payment system is secured and robust, to make this happen a lot of procedure has to follow. But more security and flexibility is possible with centralization and low cost NFC smart phones(other than creating new debit card POS points). I made a project "e-Bharat". If it is possible implement as suggest in report. this is made to achieve almost nil cash transaction.
eBharatprojectreport.pdf
Dislike (0)
Reply
Report Spam
Arvind Jain
Arvind Jain 11 years 1 month ago
1. First Merchants have to be incentivised to use the Card Payment. 2. Mandatory CCTV Camera Recording in each big merchant to ensure the don't do Cash Transactions. 3. Every Govt office should take payment via Card. 4. Automatic Tax notices should be sent and Tax should be deducted without involvment of officers.
Dislike (0)
Reply
Report Spam
Parikshit_3
Parikshit_3 11 years 1 month ago
Currently, credit/debit card users pay a surcharge on petrol pumps, online rail reservation, utilities payment etc. these charges should be abolished immediately and tax benefits should be given to them.
Dislike (0)
Reply
Report Spam
Ravinder Kumar
Ravinder Kumar 11 years 1 month ago
Revoke or reduce consumer protection rights of people who buy Goods and services in cash and give more consumer protection to those who use e-transaction.
Dislike (0)
Reply
Report Spam
SITARAM AGARWAL
SITARAM AGARWAL 11 years 1 month ago
Nice proposal,try to waive off annual maintenance charges debited by the bank for any type of debit/credit/any cards issued by the banks so that cards uses increase multifold and even comman masses including illiterate peoples can use these cards with ease & convenience.
Dislike (0)
Reply
Report Spam
SUNIL KUMAR TRIPATHI
SUNIL KUMAR TRIPATHI 11 years 1 month ago
As India has billions of a/cs with debit cards which are only used to withdraw cash from atm, unless and untill cashless payments are not mandatory very few are using plastic money. So only after making payments through cards mandatory large no. of cards will be activated. * Expenses for issuing and maintaining currency will be reduced. * Source of money will be recorded easily.
Dislike (0)
Reply
Report Spam
Prasanta Manna
Prasanta Manna 11 years 1 month ago
Good idea. In my view electronic transactions are mandatory for transaction amount more than one thousand for urban & metro area as now a days internet easily available in urban & metro area. To minimize the corruption, printing of 100, 500 & 1000 rupees should be stopped. Also cash transaction should be minimize to 1000 rupees/day( both deposit & withdraw) for Indian residence.
Dislike (0)
Reply
Report Spam
sharad jhunjhunwala
sharad jhunjhunwala 11 years 1 month ago
For small payments, Near Filed communication facility in Mobile phones can be used as second factor authentication apart from some PIN. This could even open the possibility of using electronic money in small value transactions like say local kirana shop etc.
Dislike (0)
Reply
Report Spam
sharad jhunjhunwala
sharad jhunjhunwala 11 years 1 month ago
Long overdue. Must be implemented immediately and suggestion/feedback should be open in future also. Some points to be considered:- 1) Electronic wallet rules should also allow refund facility. Presently wallets are created by each service provider exclusively like Railway. Ways should be found out to address the issue and have a common wallet facility which can be used to make payment towards multiple service provider etc.
Dislike (0)
Reply
Report Spam
Sticky Menu