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UGC NET Economics Online Course: November 2020 Batch

Beginning from: November 2, 2020

Duration: 3 months

Schedule: Monday to Friday (1.5 hours everyday)

Mentor: Dr. Manleen Kaur, PhD in Economics, top scorer of UGC NET JRF. Many students have cleared their exam (NET and JRF) under her guidance.

Her Mantra: Guide few but put in every ounce of effort to help them clear the exam.

Inclusions: Online live classes, Recorded lectures, Study Material and Online Mock Test Series

Batch Size: 15 students

Fees: Rupees 12,500/- (inclusive of all charges)

Offer: 20% of the Fees will be refunded if you clear the exam in the same term.

For more details, feel free to email us at admin@economicsharbour.com or Call/Message/WhatsApp us at +91-7837587648.

Indian Economy Updates: September 2020

  • Finance Ministry states that Indian economy is experiencing a V-shaped recovery. Factors like tractor sales, e-way bills, GST collections, power consumption, etc. led to such a pattern.
  • Agriculture sector grew at 3.4% in Q1 of 2020-21 as compared to 3% in Q1 of 2019-20 and boosted economic growth. Service sector worst hit due to decline in global demand.
  • Bank of Baroda, Bank of India, Canara Bank and Union bank of India ratings downgraded by Moody. This was because Covid-19 might weaken borrowing credit profiles and affect bank’s asset quality.
  • According to Moody, there is a rise in non-performing loans because of prolonged financial stress, weak job creation and credit crunch.
  • In Q1, the consumer spending and investment declined significantly but the government spending grew by 16%.
  • The fall in the output of eight core sectors decreased by 9.6% in July due to liquidity crisis and labour shortages during lockdown.
  • Gross value added of agriculture and allied sectors grew by 5.7% in Q1 of 2020-21 as compared to 8.6% in Q1 of 2019-20.
  • Agricultural inflation was 2.3% in Q1 of 2020-21 as compared to 5.6% in Q1 of 2019-20.
  • Industrial production further contracted by 10.4% in July 2020, which was slower than in June (16.5%), April (57.6%).
  • All the components of Index of Industrial Production (IIP), which are mining, manufacturing and electricity experienced a contraction.
  • Mining activity fell by 13% in July as compared to 19.8% in June, electricity experienced 2.5% fall in July as compared to 10% in June. Capital goods segment contracted by 22.8% in July 2020 and 37.4% in June 2020 and 90% in April 2020.
  • India’s ranking in Economic Freedom is now 105 out of 162 countries in 2018, while in 2017 the same was 79 out of 162 countries. The data was released by Centre for Civil Society in collaboration with Canada’s Fraser Institute. The indicators of the index are namely: 1) Freedom to trade internationally (India’s rank: 2018- 139, 2017-137), 2) Regulation (India’s rank: 2018-122, 2017-114), 3) Size of the government (India’s rank: 2018- 54, 2017- 36), 4) Legal System and Property rights (India’s rank: 2018-79, 2017 – 79), 5) Sound money (India’s rank: 2018 – 88, 2017 – 89). The index is marked on a scale of 10, closer to 10, more is the economic freedom.
  • The budgetary spending till August 2020, India has spent 1.2% of its GDP. Mexico and Turkey are the only two countries who have spent less than India amongst the 20 major countries in the world.
  • CRISIL has estimated that the GDP in the financial year of 2020-21 will contract by 9% because of uncertainty regarding the spread of Covid-19 and lack of adequate fiscal support from the government. CRISIL suggested that the government should increase the fiscal expenditure and provide support to vulnerable households and small businesses hit hard by the pandemic.
  • Consumer Price Index (CPI) in August 2020 is 6.7% while the same in July 2020 was 6.73%. India is now experiencing a situation of low growth and high inflation. WPI rose by 0.16% in August 2020. In case of manufacturing goods, WPI is 1.3% (as in August 2020). The rise in manufactured food products rose at a rate of 4.7%.
  • Food inflation increased by 3.8% in August 2020. The growth rate of food inflation was higher in July 2020 (4.1%). This downtrend was mainly due to fall in prices of cereals, pulses, vegetables and milk.
  • The Central government has proposed an additional expenditure of Rupees 1.67 trillion in the financial year 2020-21 to recapitalise banks, fight covid-19 and also to support welfare schemes announced by the government. This expenditure will increase the fiscal deficit to 7.4% of GDP in 2020-21.
  • Standard and Poor’s has estimated that the fall in GDP of India in 2020-21 will be 9% due to rising covid-19 cases and a consequent fall in the private spending and investment.
  • Pradhan Mantri Matsya Sampada Yojana (PMMSY): A flagship scheme to focus and encourage sustainable development of fisheries sector in India. An initial investment will be to the extent of Rupees 20,050 crores spread over its implementation period from 2020-21 to 2024-25. This scheme is a part of Aatmanirbhar Bharat.

Mock Test Series for UGC NET Economics (September 2020)

Purchase the Mock Test Series for just Rupees 650/-. Try Mock 1 for free.

Instructions:

  1. Number of questions: 100 (Paper 2: Economics)
  2. No negative marking
  3. Time: 2 Hours

To place your order, email us at admin@economicsharbour.com or Call/Message/WhatsApp us at +91-7837587648.

Class XI and XII Economics Online Tutoring

Good News! Economics Harbour is now introducing its Class XI and XII Economics Online Tutoring Classes.

Classes will be taken using Zoom Application and Microsoft Whiteboard.

Interactive classroom sessions.

Tutors are of Doctorate and Post-Graduate in Economics level.

Quality is ensured.

Assistance in preparing notes for future.

Recorded lectures will be provided.

Classes will be taken from Monday to Friday.

Payment of fees: Monthly basis.

Fees: Class XI: Rupees 1500/- per month and Class XII: Rupees 2000/- per month.

Classes to begin from September 7, 2020. Join us for a Demo Class on August 30, 2020.

Limited seats available.

To book your spot, email us at admin@economicsharbour.com or Call/Message/WhatsApp us at +91-7837587648. Our team will reach out to you with more details.

UGC NET Economics Correspondence Course

Cannot attend the classes everyday? And want to clear the UGC NET Economics Examination? So how about we give you a solution.

Economics Harbour is now introducing a correspondence course, for those who cannot devote regular time to the preparation. So what is in this course?

  1. Lecture Videos
  2. Study Material
  3. Online Mock Test Series
  4. Customised Study Schedule
  5. Doubt Sessions

So join Economics Harbour. Clear the most crucial exam which is now a minimum requirement for academic jobs. Let’s together move towards your achievement.

Price of the correspondence course is Rupees 7,500/-.

Economics Harbour will refund 25% of the fees if you clear the exam in the same term. So buck up, and let’s start preparing.

For joining the programme, email us at admin@economicsharbour.com or Call/Message/WhatsApp us at +91-7837587648.

UGC NET Economics

1. UGC NET Economics Correspondence Course

Economics Harbour is now circulating the SIXTH EDITION of its UGC NET Economics Study Material. The package includes: Weekly live class for clearing doubts + Easy to learn from study material+ Online Mock Test Series. (The doubts will be noted in advance.)

The study material consists of:

Part 1: Micro-economics, Game theory, Macro-economics, Statistics, Econometrics, Mathematical Economics

Part 2: International Economics, Public Finance, Financial Economics, Development Economics, Environment Economics, Population Studies, Agricultural Economics, Industrial Economics, Indian Economy

Part 3: Sample Test Papers, Question Bank, Summary Notes, Important Terms

The package costs Rupees 5,500/-, valid till December 31, 2020. Ask for a SAMPLE. (Contact us details are given below)

2. UGC NET Economics Online Coaching

The details of the course are:

a. Maximum 10 students will be enrolled on first-come-first serve basis per batch.

b. Classes will be conducted from Monday to Friday.

c. The course includes: Economics Harbour Study Material, Online Classes covering all topics mentioned in the syllabus, Online Mock Test Series.

d. The classes will be conducted over a period of 2.5 months. The batches will run all throughout the year, starting from June 2020.

e. We assure, after the batch students will be more confident regarding the subject. Extremely helpful for those preparing for interviews or other competitive exams.

Cost of the course is Rupees 10,000/- inclusive of all charges.

Check out our SAMPLE Videos