The Hindu Editorial (Diminishing options) – Jun 07, 2021

The Hindu Editorial (Diminishing options) – Jun 07, 2021

The RBI’s latest policy statement underscores the diminishing options available to it to address the economic fallout from the COVID-19 pandemic. For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (Diminishing options) – Jun 07, 2021.

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Courtesy: The Hindu

The Hindu Editorial (Diminishing options) – Jun 07, 2021:

  1. diminishing (adjective) – decreasing, reducing, shrinking.
  2. diminish (verb) – decrease, decline, reduce, dwindle.
  3. room (noun) – scope, opportunity, chance (for something to happen).
  4. underscore (verb) – underline, emphasize, highlight.
  5. address (verb) – tackle, deal with, attend to, try to sort out.
  6. fallout (noun) – adverse results/consequence; after-effects, repercussions.
  7. 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.
  8. monetary policy (noun) – monetary policy refers to the use of monetary instruments under the control of the central bank to regulate magnitudes such as interest rates, money supply, and availability of credit with a view to achieving the ultimate objective of economic policy.
  9. The monetary policy committee (MPC) (noun) – it is a six-member panel that is expected to bring “value and transparency” to rate-setting decisions. It will feature three members from the RBI — the Governor, a Deputy Governor and another official — and three independent members to be selected by the Government. The MPC will meet four times a year to decide on monetary policy by a majority vote.
  10. benchmark (noun as modifier) – standard, base/basis, ideal.
  11. reiterate (verb) – repeat, say again, restate.
  12. stance (noun) – position, approach, standpoint.
  13. accommodative (adjective) – aimed to encourage economic activity by reducing interest rates.
  14. as long as (phrase) – provided that.
  15. revive (verb) – energize, resuscitate, strengthen, regenerate, renew.
  16. sustain (verb) – continue, carry on, keep up, maintain, bolster up.
  17. durable (adjective) – long-lasting, long-term, strong, substantial.
  18. basis point (BPS) (noun) – a unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument. One basis point is equivalent to 0.01% (1/100th of a percent). Used for measuring change in interest rate/yield.
  19. cumulative (adjective) – total, collective, aggregate.
  20. in the wake of (phrase) – as a result of, in the aftermath of, as a consequence of.
  21. onset (noun) – start, beginning, arrival.
  22. in a bind (phrase) – in a difficult situation.
  23. 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.
  24. constrict (verb) – restrict, inhibit, obstruct, limit.
  25. fiscal (year) (noun) – financial (year).
  26. contraction (noun) – In economics, it refers to a decline in national output as measured by gross domestic product; shrinking, decline, decrease.
  27. Gross domestic product (GDP) (noun) – a measure of economic activity in a country. It is the total value of a country’s annual output of goods and services.
  28. shrink (verb) – lessen, reduce, decrease.
  29. crush (verb) – shatter, damage, devastate, demolish, destroy.
  30. Current Situation Index (CSI) (noun) – The Current Situation Index (CSI) summarizes the consumers’ current perception as compared to a year ago based on GES (General Economic Situation), the employment scenario, the price level, households’ income, and spending.
  31. index (noun) – an (economic) data figure reflecting something (e.g. price/quantity) compared with a standard or base value; pointer, indicator.
  32. household (noun) – family, house.
  33. reflect (verb) – indicate, show, display, demonstrate.
  34. pessimism (noun) – hopelessness, cynicism, depression; distrust, doubt.
  35. credit (noun) – loan.
  36. credit availability (noun) – the credit (loan) amount to which a borrower can access at a specific time.
  37. consumption demand (noun) – the demand for goods and services by individuals and households in the economy.
  38. acknowledge (verb) – admit, accept, recognize, realize.
  39. bleak (adjective) – unpromising, unfavourable, disadvantageous, discouraging, gloomy.
  40. outlook (noun) – prospects, expectations, hopes, likely improvement, lookout, future.
  41. slash (verb) – reduce, lower, bring down.
  42. projection (noun) – forecast, prediction, calculation, estimate.
  43. as much as (phrase) – almost, nearly the same as.
  44. forecast (verb) – predict, foresee, estimate, foretell, project.
  45. bank on (phrasal verb) – rely on, depend on, count on, place reliance on.
  46. optimism (noun) – hopefulness, hope, confidence, positive attitude, buoyancy.
  47. hard data (noun) – In terms of economic indicators, hard data is made up of concrete results within a specific area of the economy that shows an output. Examples can include the unemployment rate, monthly retail sales, etc. By nature, these data sets are retrospective as they show real results over a period of time. On the other hand, soft data sets are developed based on sentiments, such as the consumer confidence index or industry surveys. These data sets are future-focused, but they can often be considered less reliable when the sentiment doesn’t match the group’s eventual actions. 
  48. bump up (phrasal verb) – move someone to a higher level.
  49. result in (phrasal verb) – cause, bring on, bring about, call forth, give rise to.
  50. percentage point (noun) – the difference between two percentages is termed as percentage point. (for example: “Interest Rates Jump From 10% to 12%”. In this case, the interest rate increased by “2 percentage points” or you can say that the interest rate is increased by 20%).
  51. buoyant (adjective) – optimistic, confident, hopeful; lively, high-spirited.
  52. on the back of (phrase) – as a result of, after, subsequent to.
  53. lead to (verb) – result in, cause, bring about, call forth, give rise to, produce.
  54. sequential (adjective) – continuous, consecutive.
  55. fillip (noun) – stimulus, boost, incentive.
  56. accelerated (adjective) – hastened, expedited, quickened. 
  57. vaccination (noun) – treatment with a vaccine to protect against a particular disease; immunization.
  58. virtually (adverb) – practically, almost, nearly.
  59. to be fair (phrase) – used for making your criticism less forceful.
  60. 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).
  61. spigot (noun) – tap, valve, stopcock.
  62. distress (noun) – difficulty, trouble, hardship.
  63. measure (noun) – action, step, procedure.
  64. bolster (verb) – strengthen, support, reinforce/buttress.
  65. credit flow (noun) – availability of credit.
  66. hard hit (phrase) – people/things that are severely affected.
  67. Micro, Small and Medium Enterprise (MSME) (noun) – MSME stands for Micro, Small and Medium Enterprise (MSME), introduced by Government of India in agreement with Micro, Small & Medium Enterprises Development (MSMED) Act, 2006. It includes Enterprises engaged in the manufacture or production, processing or preservation of goods & Enterprises engaged in providing or rendering of services with some specific requirements.
  68. -intensive (adjective/usually in combination) – (in business) concentrating on a particular thing.
  69. cannot afford/can ill afford (phrase) – if you cannot afford to do something, you must prevent it from happening because it would be embarrassing and cause problems (if it happens).
  70. drop the ball (phrase) – make a mistake/error, mishandle; fail to do something, miss an opportunity.
  71. remit (noun) – scope, ambit, area of activity/responsibility; an item/thing for consideration.
  72. inflation (noun) – simply meaning “cost of living”; an increase of price level of goods & services and vice versa decrease of currency value.
  73. anchor (verb) – impart/give a firm base/foundation/basis.
  74. crude oil (noun) – the raw natural resource that is extracted from the earth and refined into products such as gasoline, jet fuel, diesel and other petroleum products.
  75. trajectory (noun) – track/course, route, path, direction, approach.
  76. check (verb) – restrain, contain, control.
  77. skyrocket (verb) – rise, increase, escalate, mount; mushroom, snowball.
  78. pump price (noun) – the retail selling price of petrol/diesel (to the public).
  79. pose (verb) – constitute, present, create, cause (a problem or danger or risk).
  80. conundrum (noun) – problem, difficulty, quandary/dilemma.

Note:

 1. 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/.
2. Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purpose only and they may vary in a different context. 
3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.

The Hindu Editorial (Diminishing options) – Jun 07, 2021:

The Hindu Editorial (Diminishing options) – Jun 07, 2021
The Hindu Editorial (Diminishing options) – Jun 07, 2021
The Hindu Editorial (Diminishing options) – Jun 07, 2021
The Hindu Editorial (Diminishing options) – Jun 07, 2021

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