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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)
ARVIND RATHORE
ARVIND RATHORE 11 years 1 month ago
Contd. from last post.. Private Banks should not charge yearly fees for card holders as they already make it mandatory for savings account holder to have a minimum balance of Rs. 10,000/- or more! This will also boost up the usage of cards!
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ARVIND RATHORE
ARVIND RATHORE 11 years 1 month ago
This is indeed a very good move by the Government! The Govt. should also ensure that shopkeepers should not charge the 'convenience fee' and instead waive it off for the customers for using cards for payment. For enhanced security, all the cards should have a photograph of the card holder and a chip containing the data - card number, finger print, retina, etc., and this should be linked to the AADHAR database. This would definitely help in avoiding frauds using the cards. Contd to next post..
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CA Nitin Kumar Goel
CA Nitin Kumar Goel 11 years 1 month ago
It is surely a positive move to eradicate the evils of Tax Evasion, generation of black-money and counterfeit currency. Government must promote RUPAY debit card and also create its own credit agency for this as otherwise a major part of business would get routed through MasterCard/Visa/Amex type foreign agencies.
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Parag Palsapure
Parag Palsapure 11 years 1 month ago
Pl. see attached details. Allow only electronic payments at a. Jewellers b. Shopping Malls, Furniture / Electronic / Garment, Gift shops c. All Air-conditioned shops and showrooms, d. AC restaurants, Bars, Wine/Liquor shops, Hotels/Lodges, Spas, Beauty Parlours, e. E-Commerce sites f. Interior/exterior decorators, Shamiyana providers, Caterers g. Fuel pumps (above Rs. 200) h. Airline, Car Rental, Radio/Organized taxis i. Travel, Forex agents j. Automobile accesories/spare
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Sushaj Kappadan
Sushaj Kappadan 11 years 1 month ago
This is a good movement and appreciated. But Government must be considered ordinary/village people who have no debit or credit card. For the ordinary peoples' government to be develop one more card e.g., e-cash who can use that card without debit card or credit card for the government transactions and of course this card should have maximum limits. And this card should controlled by SBI. (E-Cash card to be issued through SBI upon request the application with the support of Aadhar or any other)
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Comments (1)
Gaurav Jha_1
Gaurav Jha_1 11 years 1 month ago
Right approach to stop Black Money & illegal funds transfer,for the benifit of people its good idea to stop the transaction of fake notes & safe paper & save tree.
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Ashok Pareek
Ashok Pareek 11 years 1 month ago
This is good move by Government and would like to request for ne banking also. The shop are also forced to keep swipe machine and not charge extra over the bill amount. As they say bank charge from them...
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