The Hindu Editorial (A matter of relief) – May 19, 2020

With the announcement of the final tranche of Atmanirbhar Bharat Abhiyan, the COVID-19 relief package, a pattern to the government’s approach is visible. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (A matter of relief) – May 19, 2020.

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Today’s word list-1 for The Hindu Editorial (A matter of relief) – May 19, 2020

stimulus package (noun) – an attempt by the government to boost economic growth and save their country from a financial crisis by involving tax cuts, lowering interest rates and increasing government spending.
relook (noun) – reconsideration, rethinking, re-examination.
tranche (noun) – part, section, portion (of something, particularly money).
Atmanirbhar Bharat Abhiyan (or) Self-reliant India Mission (noun) – the special economic package totaling Rs 20 lakh crore by the Indian government to tide over the Covid-19 crisis and it would focus on land, labour, liquidity and laws. It would benefit labourers, farmers, honest tax payers, MSMEs and cottage industry. This economic package would be around the 10 per cent of India’s GDP.
push (noun) – motivation, drive, energy.
capital (noun) – the wealth (in the form of money and assets) needed to produce goods and services.
keep (something) to the minimum (phrase) – keep something as small/low as possible.
empower (verb) – authorize, allow, entitle.
constituency (noun) – the people (voters), in a particular area, who vote to elect a legislator.
fisc (noun) – treasury, exchequer.
fiscal (adjective) – financial.
drawal (noun) – withdrawal, drawing; the act of taking out or drawing from various sources.
provision (noun) – financial measures or arrangements.
fiscal (year) (noun) – financial year.
pillar (noun) – mainstay, tower of strength.
liquidity (noun) – the availability of liquid assets; liquidity means liquid assets; cash; (liquid asset is an asset which can be easily sold/converted into cash without losing its value); a measure of activity (i.e. the ability to buy or sell easily) in a market.
crank up (phrasal verb) – increase, raise, make larger, enlarge, expand, augment.
set something in motion (phrase) – propel, drive, move, get going.
stimulus (noun) – it refers to attempts to use monetary or fiscal policy (or stabilization policy in general) to stimulate the economy; impetus, boost, incentive, fillip.
resort (noun) – recourse to, turning to, the use of, utilizing.
deficit financing (noun) – the fiscal situation where expenditure is higher than the revenue. In this situation, government borrows funds to meet excess spending/expenditure.
reserve (verb) – retain, keep, secure (for future/emergency use).
subside (verb) – diminish, decline, abate, get lower.
lockdown (noun) – an emergency protocol implemented by the authorities that prevents people from leaving from a place; An extended state of confinement/encirclement/isolation of a person by the authority.
desperate (adjective) – urgent, pressing, compelling.
drive (verb) – propel, move, push, get going.
prevailing (adjective) – existing; current.
fraction (noun) – a (small) proportion/part/amount of something.
given (preposition) – considering, taking into account, bearing in mind.
handicap (noun) – impediment, hindrance, obstacle/difficulty.
fiscal stimulus (noun) – Government measures, normally involving increased public spending and lower taxation, aimed at giving a positive jolt to economic activity.
after all (phrase) – most importantly, above all, beyond everything.
ride on (phrasal verb) – depend on.
compensate (verb) – recompense, repay, pay back, reimburse (for one’s losses).
leverage (verb) – use, make use of, utilize (to maximum gain).
grant (verb) – give, provide, confer.
milestone (noun) – major achievement, turning point, milepost, landmark/watershed.
enthuse (verb) – motivate, spur/stimulate, encourage.
fall in line (phrase) – conform with others.
unleash (verb) – let loose, release, set free.
open up (phrasal verb) – make available (to create/start developing new opportunities).
private participation (noun) – involvement of the private sector in a partnership with the government to delivery goods or services to the public.
foreign direct investment (FDI) (noun) – Investment from one country into another (normally by companies rather than governments) that involves establishing operations or acquiring tangible assets, including stakes in other businesses.
corporatise (verb) – to convert a government-controlled enterprise into an independent (commercial) company.
monolith (noun) – a large structure, institution, company, industrial setup (like a giant standing stone).
Ordnance Factory Board (noun) – it consisting a family of 41 Ordnance Factories, is a Government of India Undertaking, functioning under the Department of Defence Production of Ministry of Defence, Government of India. The ordnance factories form an integrated base for indigenous production of defence hardware and equipment, with the primary objective of self reliance in equipping the armed forces with state of the art battlefield equipments.
intent (noun) – aim, purpose, intention.
follow through (phrasal verb) – to continue a task to its completion.
in sum (phrase) – briefly, to come to the point, in essence.
pandemic (noun) – the worldwide spread of a new disease; The illness spreads around the world and typically affects a large number of people across a wide area.
gamble (noun) – risk, chance.
down the line (phrase) – at a further point, at a later point.