A welcome sale – The Hindu (Jun 30, 2017)

A welcome sale – The Hindu (Jun 30, 2017)

With the Union Cabinet’s ‘in-principle’ approval for the sale of Air India and five of its subsidiaries, a long-standing demand on the reform checklist has been ticked.  For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Word List-1

1. in principle (phrase) – generally, by and large; theoretically.
2. longstanding (adjective) – long-term, persistent, perennial.
3. rationale (noun) – reason/basis; principle; motivation.
4.  shovel (verb) – finish, consume, devour (quickly & in large quantities).
5. afloat (noun) – out of debt or difficulty.
6. cater (verb) – service, accommodate, provide for.
7. bankrupt (noun) – insolvent, financial ruin, failure/collapse.
8. starve of (verb) – deprive of /need of (something).
9. bailout (noun) – an act of providing financial help to a failing business.
10. turnaround plan/strategy (noun) – a plan or strategy to stop a company’s poor performance and to recover it as financially successful.
11. debt (noun) – liability, financial obligation, borrowed capital.
12. foot (verb) – pay, pay the bill, settle up.
13. write-off (noun) – an elimination of a bad debt from the account.
14. eventual (adjective) – final, ultimate, end.
15. stake (noun) – share, investment, interest.
16. bid (verb) – offer, tender, propose.
17. non-core asset (noun) – a asset of an enterprise which is either not essential or simply no longer used in its business operations.
18. go (verb) – functioning properly.
19. disinvestment (noun) – the process of reducing capital investments.

Note:

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2. Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purpose only and they may vary in different context. Use it with the corresponding article published on the source (website) via the link provided. 

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