Mandate and allocations – The Hindu Apr 16, 2018

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Mandate and allocations – The Hindu Apr 16, 2018

It is not without reason that the presidential terms of reference (ToR) of the Fifteenth Finance Commission have raised questions, and the…… For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Today’s Advanced Word List 1:

  1. propriety (noun) – morality, correctness, decency.
  2. presidential (adjective) – dignified, confident.
  3. terms of reference (phrase) – scope, limits, range/purview.
  4. contentious (adjective) – controversial, debatable, disputed.
  5. exaggeration (noun) – overstatement, magnification, dramatization/hyperbole.
  6. conclave (noun) – meeting, gathering, assembly/conference.
  7. tax devolution (noun) – transfer, delegation, distribution (of central funds from taxes to the states).
  8. demographic (noun) – the statistical study/structure of populations, especially human beings.
  9. horizontal distribution/devolution (noun) – the allocation between the States of the respective shares of (proceeds) earnings. Vertical distribution/devolution means the distribution of the net earnings (proceeds) of taxes of the Union between the Union and the States.
  10. fiscal federalism (noun) – it refers to the division of functions and finances in connection with public spending and taxation between the different levels of the government.
  11. imperative (noun) – necessary condition, precondition, requirement.
  12. consent (noun) – agreement, assent, acceptance.
  13. flagship (noun) – most important schemes produced by a government.
  14. offset (verb) – balance out, equalize, neutralize.
  15. normatively (adverb) – as per standard or norm. normative (adjective) – relating to a standard/norm, particularly  of behaviour.
  16. ramifications (noun) – consequence, result, repercussions.
  17. on the grounds (phrase) – in a situation/place where things are happening really/practically.
  18. desist (verb) – abstain, refrain, hold back.
  19. discretionary (adjective) – optional, non-compulsory/non-mandatory, voluntary.
  20. nudge (verb) – encourage, prompt, stimulate.
  21. fiscal space (noun) – the flexibility of a government in its spending choices, and, more generally, to the financial well-being of a government.
  22. purview (noun) – range, scope, ambit.
  23. customary (adjective) – usual, normal, ordinary.
  24. disquiet (noun) – unease, distress, agitation.
  25. allay (verb) – reduce, decrease, lessen.
  26. prerogative (noun) – rights, claim, privilege.
  27. equitable (adjective) – fair, right, impartial/unbiased.
  28. yardstick (noun) – standard, point of reference, guideline.
  29. turf (noun) – area of activity, territory, domain.
  30. federal fabric (noun) – federal system , federal structure, federal framework.

Mandate and allocations – The Hindu Apr 16, 2018 - Editorial Words

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