Challenges before Urjit Patel – The Hindu (Aug 22, 2016)
The decision to pick Reserve Bank of India Deputy Governor Urjit Patel as the successor to outgoing Governor Raghuram Rajan is a clear affirmation of the Centre’s commitment to ensure policy continuity at the central bank. For further reading, visit “The Hindu”.
Word List:
- successor (noun) – heir, descendant; replacement. (its antonym is predecessor (noun) – forerunner, precursor, antecedent).
- affirmation (noun) – assertion, statement, proclamation, pronouncement.
- remit (noun) – area of responsibility, area of activity, task, scope.
- reiterate (verb) – repeat, say again, restate, iterate, recapitulate.
- backing (noun) – support, help, aid; approval, commendation, blessing.
- fiscal conservative (noun) – someone who advocates the avoidance of deficit spending, the reduction of overall government spending and national debt, and ensuring balanced budgets. (Courtesy: Wikipedia)
- hardline (adjective) – uncompromising, strict, diehard, undeviating.
- insider (noun) – member, staff member, representative; participant.
- credentials (noun) – qualifications, achievements, qualities, aspects.
- substantive (adjective) – important & meaningful.
- low-profile (noun) – keep quiet, keep out of the public eye, avoid publicity.
- discreet (adjective) – careful, cautious; tactful, prudent.
- plain-speaking (adjective) – outspoken, speaking frankly, straightforwardly.
- instructive (adjective) – informative, instructional, informational; useful.
- helm (verb) – manage, head.
- inherit (verb) – succeed to, accede to, assume, take over, come into.
- unclog (verb) – streamline, smooth-running, make efficient, facilitate, ease.
- pipeline (noun) – channel, system.
- build-up (noun) – increase, growth, expansion, development.
- stressed asset (noun) – an account where principal and/or interest remains overdue for a period of time; non-performing asset (NPA).
- expedite (verb) – speed up, accelerate; finish/accomplish/achieve quickly.
- restraint (noun) – constraint, check, control, restriction.
- stint (noun) – period, time, spell, term (at a particular work).
- stand someone in good stead (idiom) – be great helpful to someone; be useful to someone; be beneficial to someone.
- have his work cut out (idiom) – to have a difficult work/task to complete.
- cadre (noun) – small (core) group, key group, body, team.
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 (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press.
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