A fillip to growth, and maybe inflation – The Hindu (July 01, 2016)
The Cabinet’s decision to raise salaries and pensions for more than one crore government employees and pensioners by implementing the Seventh Pay Commission’s recommendations will impart a fillip to consumption demand and economic growth. For further reading, visit “The Hindu”.
Today’s Words:
- Fillip (noun) – stimulus, boost, encouragement, incentive, impetus.
- Impart (verb) – give, provide, grant, bestow, offer, contribute.
- Bound to (adjective) – certain, sure, very likely, guaranteed.
- Over the course of time (idiom) – as happening over the time.
- Payout (noun) – a large amount, compensation, dividend.
- Multiplier Effect (noun) – increase in spending (by the public) increases income of the government.
- Inevitably (adverb) – naturally, automatically, unavoidably, necessarily.
- Ceiling (noun) – limitation, upper limit, maximum, highest permissible level.
- Fallout (noun) – bad effect/result.
- Portent (noun) – omen, signal, indication, forecast.
- Bolster (verb) – support, strengthen, boost, make stronger, reinforce.
- Outgo (noun) – money outlay, expenditure, expenses, outgoings of money.
- Flag (verb) – Mark out, indicate, identify, point out.
- Upside risks (noun) – potential, possible.
- Inflation (noun) – Increase of price level of goods & services & vice versa decrease of currency value.
- Outlook (noun) – expectations, prospects, hopes, likely improvement.
- Fiscal consolidation (noun) – efforts/steps/strategies of the government to reduce the fiscal deficit and public debt.
- Fiscal deficit (noun) – the difference between total expenditure and total income of the government.
Note:
- Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/ .
- Definitions & Synonyms provided for the words above are my personal work and not that of Oxford University Press.
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