The Hindu Editorial (A time to introspect) – Sep 23, 2021

At its first physical meeting during the pandemic, the GST Council approved a flurry of changes. Concessional tax rates on vital COVID-19 equipment such as oxygen concentrators will lapse on September 30,… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (A time to introspect) – Sep 23, 2021.

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The Hindu Editorial (A time to introspect) – Sep 23, 2021:

introspect (verb) – self-observe, self-examine, self analyse, contemplate.
dialogue (noun) – discussion, conversation, talk, exchange of views, discourse.
deliberation (noun) – consideration, thought/thinking, careful discussion, contemplation.
regime (noun) – system.
physical (adjective) – in person, bodily.
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.
flurry (noun) – spate, series, succession.
concessional (adjective) – having a concession (reduction, cut, discount, deduction).
oxygen concentrator (noun) – a medical device that concentrates oxygen from ambient air. Atmospheric air has about 78 per cent nitrogen and 21 per cent oxygen, with other gases making up the remaining 1 per cent. Oxygen concentrators filter surrounding air, compressing it to the required density and then delivering purified medical grade oxygen into a pulse-dose delivery system or continuous stream system to the patient.
lapse (verb) – expire, become void/invalid, terminate, become obsolete.
vaccination (noun) – treatment with a vaccine to protect against a particular disease; immunization.
variant (noun) – different or form or version or mutant of something (virus).
extinct (adjective) – vanished, dead, defunct, no longer existing, wiped out, destroyed.
considerate (adjective) – attentive, thoughtful, concerned, heedful.
essentials (noun) – absolutely necessary or important things/items.
ok (verb) – authorize, approve, agree to, say yes to, allow.
eclectic (adjective) – wide-ranging/extensive, comprehensive, all-embracing, multidisciplinary.
course correction (noun) – modifying, improving, rectifying (the plan of action).
plague (verb) – bother, disturb, trouble, irritate, worry, annoy, vex.
semblance (noun) – (outward) appearance, approximation.
bring in (phrasal verb) – introduce, put forward, propose, present, initiate.
intermediary (noun) – GST law defines intermediary as broker, an agent or any other person, by whatever name called, who arranges or facilitates the supply of goods or services or both, or securities, between two or more persons, but does not include a person who supplies such goods or services or both or securities on his own account.
taxation (noun) – the act of levying or imposing a tax by a government/the taxing authority.
liable to (adjective) – legally responsible, accountable, answerable.
remit (verb) – send, forward, transmit (money).
await (verb) – wait for.
fine print (noun) – small print; it refers to some important details or conditions of an agreement/contract, but written/printed in small letters (e.g. mutual funds’ terms & conditions).
outlet (noun) – store, retail store, reseller.
edible oil (noun) – cooking oil; fat of plant, animal or microbial origin, which is liquid at room temperature and is suitable for food use.
hold back (phrasal verb) – pause, stop, discontinue, withhold, refrain from doing something.
shelve (verb) – postpone, put off, delay, defer, reschedule.
pluses and minuses (phrase) – the good and bad points of something; the advantages and disadvantages; the pros and cons.
stand out (phrasal verb) – be noticeable, be obvious, be conspicuous, be striking.
dismissal (noun) – rejection, repudiation, refusal, non-acceptance.
tax burden (noun) – tax incidence/burden falls on the public.
cess (noun) – a form of tax charged/levied over and above the base tax liability of a taxpayer. A cess is usually imposed additionally when the state or the central government looks to raise funds for specific purposes.
aerated (adjective) – carbonated; charged with carbon dioxide or some other gas.
envisage (verb) – expect, intend, propose, envision, contemplate.
comply with (verb) – abide by, adhere to, conform to, follow.
misplaced (adjective) – misguided, misconceived, ill-advised, ill-considered, ill-judged.
rebound (noun) – recovery, rallying, picking up (after a decline).
reignite (verb) – evoke, rejuvenate, stimulate, renew, revive.
rationalise (verb) – streamline, make more efficient, hone, simplify, reorganize; justify, explain, give reasons for, give an explanation for, elucidate.
perhaps (adverb) – maybe, possibly.
compact (noun) – agreement, contract, deal, settlement.
arrive at (verb) – reach a decision/conclusion; attain, accomplish.
give up (phrasal verb) – renounce, relinquish, forgo, waive.
spur (verb) – motivate, stimulate, encourage, galvanize.
the way ahead/forward (phrase) – something (a plan/action) that leads to success in the future.
assured (adjective) – guaranteed.
compensation (noun) – payment, repayment, settlement (for loss/damage).
GST Compensation (noun) – Under the GST law (In India), state governments are guaranteed full compensation for any revenue loss for the first five years after the introduction of the goods and services tax (GST) in July 2017. The compensation is a gap between actual revenue collected and projected revenue.
stream (noun) – a continuous flow of something.
revenue stream (noun) – a regular/continuous series of revenue coming from a business.
fall off (phrasal verb) – drop off, go down, decline.
cliff (noun) – precipice, rock face, ridge.
fall off a cliff (phrase) – collapse; fail/break down suddenly/quickly.
plea (noun) – appeal, request, call.
meet with (phrasal verb) – experience.
diffidence (noun) – unassertiveness, bashfulness, insecurity, self-doubt, apprehension, uncertainty.
task (verb) – assign a work to.
augment (verb) – increase, intensify; improve, boost, enhance.
rationalisation (noun) – systematisation, formalisation, rationale, justification.
hold (verb) – arrange, convene.
juncture (noun) – point in time, time/moment, stage.
empathetic (adjective) – compassionate/humane, sympathetic, understanding.
contemplation (noun) – thought, consideration, pondering, reflection, thinking.
fractious (adjective) – argumentative, quarrelsome, contentious, controversial, difficult (to control), disagreeable.
friction (noun) – discord, strife, conflict, disagreement.