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Impacts of GST on indian economy | effects of gst on indian economy

Gst can impact Indian economy in a big way. With the global market is going through a severe recession, Gst is not a threat to the economy at all. India is one of the countries that are benefited from Gst due to its large population.There are various sectors in the Indian economy, which benefits from Gst. With the economic slowdown in the global market, Gst cannot have negative impact on the economy. The following are some of the sectors that are affected by Gst:Agriculture: This sector depends upon agricultural products and other resources that are obtained through agriculture. This sector is the largest consumer of food and other food stuffs produced by any industry. With the demand for food dropping, agriculture also suffers.Construction Industry: With the economy being hit by global recession, construction industry also suffers. People who depend on the construction industry are the ones who are suffering the most. With this effect, people find themselves with reduced jobs, which …

What is Internet Banking ? The importance of internet banking in today's life

Internet Banking : 

Here we are taking the example of State Bank of India to make students understand about online transactions

*, the internet banking portal of our bank, enables its retail banking customers to operate their accounts from anywhere anytime, removing the restrictions imposed by geography and time. It's platform that enables the customers to cary out their banking activities from their desktop, aided by the power and convenience of the internet.

By using Internet banking services, you can do the following nomal   banking  transactions online :

1 Funds transfer between own accounts.

2 Third party transfers to accounts maintained at any branch of SBI.

3 Group Transfers to accounts in State Bank Group.

4 Inter Bank Transfers to accounts with other Banks.

5 you can get  Online standing instructions for periodical transfer for the above.

6 Credit PPF accounts across branches.

7 Request for Issue of Demand Draft.

8 Request for opening of new accounts.

9 Request for closure of Loan Accounts.

10 Request for Issue of Cheque Book.

11 Earn reward points for transactions through Internet Banking. Which you can use to do bill payments and recharges.

Apart from these, the other salient value-added features available are :

1 Utility bill payments.

2 Online Ticket Booking for travel by Road, Rail and Air.

3 SBI LIFE, LIC and other insurance premium payments.

4 SBI and other Mutual funds Investments. And can also apply for the demat account online.

5 SBI and other Credit Card dues payments can be done using internet banking.

6.Pay Tax  Income, Service, State Govt. Online. Customs Duty Payment.

7 Online Share Trading (eZ-trade@SBI).

8 Online Application for IPO.

9 Fee Payment to select educational institutions and coachings