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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)
Mahesh_77
Mahesh_77 11 years 1 month ago
Instead of giving income tax rebate to shop owners if government has waive off all credit card charges to customer, it will be great and more accountability. Because as a shopkeeper / owner will be least interested in government incentive.
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santosh kumar singh_15
santosh kumar singh_15 11 years 1 month ago
It is great move taken by Govt of India . further it is also suggested that govt of India also move for increasing plastic money in the way of Debit /Credit card swipe machinery mandatory installation to all shop keeper located in all town city as well as villages and it must be making compulsory part for all shop keeper at the time of licensing of shop Apart from above, this is also be implements in Panchyat & block label .
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Mahesh_77
Mahesh_77 11 years 1 month ago
This has to implement and started with government offices immediately, then others will follow. The Industry related to manufacturing of card swapping machines has to ask to develop machine which can be run by solar power, less consumption of batteries. This all will lead to less reduce cost of handling, policies, monitor physical as well as fake currency.
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Jagan Langa Samydurai
Jagan Langa Samydurai 11 years 1 month ago
1. Mandate all transaction above 50K as e-transaction 2. Encourage RuPay card instead of MasterCard, VasaCard, etc by giving more benefit to RuPay Card 3. Increase the Card transaction limit per day to more than 1 Lack by default. 4. Remove the Annual/Maintenance fees for All debit cards types 5. Compulsorily allow to pay even small amounts(50Rs, 20Rs, etc) using cards 6. Mandate all payments as e-payment in government offices (may help to avoid bribe)
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Suresh D
Suresh D 11 years 1 month ago
This is the first baby step towards curbing black money.. We have plenty of governing laws for various activities, key for any law is implementing the same on ground. Government should own this & without support of people, it is impossible.
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Mahesh_77
Mahesh_77 11 years 1 month ago
for 2.5% credit card charges of value. 3.All railway booking offices each window should be equipped with Card Swapping machines. Please note currently if any windows have the same is not working.( ref- at dadar, Mumbai railway season ticket counter)4.All Central and State Government, Municipal body offices where taxes, fees collected should be equipped with card machines. 5.Every single transaction should be encouraged thru card payment respective of amount.
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Mohd Shafiuzzaman Khan
Mohd Shafiuzzaman Khan 11 years 1 month ago
Excellent Idea....Should be compulsory for all general stores and unorganized sector to have swiping machine and there should not be any transaction charges. All travel agencies should only use e-payment and there should be reward associated with this to encourage this mechanism. it should be mandatory from RBI that every Credit/debit card should have Ru-pay+ Visa / Master. There should be tax benefit on expenses made by Credit/debit/online in ITR.
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Mahesh_77
Mahesh_77 11 years 1 month ago
Dear Mr. Modi and Team Its great idea that government has initialize to discourage cash transactions and encourage plastic money. Though this idea is great but required to do for following systems in place 1.All banks (finance) and telecom ministry has to ask to install card swapping machines to each shopkeeper/ outlets / petrol pump etc with cordless facility. 2.The same has to be without any rental / card charges. Major customers/ people discourage to swap the card due to shopkeepers asking
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Abhaysinh Bhelke
Abhaysinh Bhelke 11 years 1 month ago
Nice move. Transaction fees should be minimal and great if there are no transaction fees. Also there should be limit on currency as higher denominations make it simple to complete high amount transactions. There should be some technical solution if small amount can be immediately transferred to anybody.
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