Draft Proposals for Facilitating Electronic Transactions

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 (External Website that opens in a new window) (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)

Comments/suggestions are invited on the draft text which can be accessed through http://mygov.nic.in(External Website that opens in a new window) Portal. The last date to share your views is 29 June, 2015 by 5:00 p.m.