The Hindu Editorial (Growth prop) – Feb 08, 2019

Barely four months after the Reserve Bank of India switched its monetary policy stance to one of ‘calibrated tightening’,… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Growth prop) – Feb 08, 2019.

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Today’s word list-1 The Hindu Editorial (Growth prop) – Feb 08, 2019:

prop (noun) – support, mainstay, anchor/backbone.
repo rate (noun) – it is the rate at which the central bank of a country (RBI in case of India) lends money to commercial banks in the event of any shortfall of funds.
fiscal deficit (noun) – the difference between total expenditure and total income of the government.
calibrated (adjective) – carefully assessed, carefully regulated, carefully adjusted.
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.
unanimously (adverb) – without opposition, agreed to by everyone involved.
revert to (verb) – return, go back, change back.
posture (noun) – attitude, standpoint, approach.
inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
opportune (adjective) – favorable, advantageous, right.
pivot (verb) – depend, revolve around, turn.
bolster (verb) – strengthen, support, reinforce/buttress.
forecast (noun) – prediction, indication, projection.
moderate (verb) – decrease, diminish, control.
uncertainty (noun) – misgiving, doubt, second thought.
prevailing (adjective) – existing; current.
imbalance (noun) – disparity, variation, disproportion.
contract (verb) – decrease, diminish, reduce.
credit flow (noun) – availability of credit.
mute (verb) – restrain, soften, subdue/tone down.
shortfall (noun) – deficit, inadequacy/deficiency; shortcoming/defect.
rabi crops (noun) – winter crops; seeds sowing in the beginning (Nov) of the winter and harvesting at the end of the season (Apr) in the South Asia.
kharif crops (noun) – monsoon crops; seeds sowing in the beginning (Jun) of the monsoon and harvesting at the end of the season (Oct) in the South Asia.
sowing (noun) – planting the seeds of a crop.
protracted (adjective) – prolonged, extended, sustained.
sanguine ( adjective) – optimistic, positive, hopeful.
outlook (noun) – prospects, expectations, hopes.
underscore (verb) – emphasize, highlight, underline.
hinterland (noun) – remote areas of a country away from the coastal areas/the banks of major rivers.
undergird (verb) – provide support, bolster, reinforce/strengthen.
unprecedented (adjective) – not done or experienced before.
deflation (noun) – decline, setback, reduction of pricing.
calculus (noun) – a method of calculation.
cognisant (adjective) – aware, well informed about, familiar with.
tenuousness (noun) – weakness, dubiousness, delicacy.
assumption (noun) – supposition, speculation, belief/thought.
roil (verb) – irritate, annoy, upset.
inexplicably (adverb) – in a way something can not be accountable/explainable/understandable.
hitherto (adverb) – previously, earlier, so/thus far.
abiding (adjective) – long-lasting, permanent, stable.
fiscal prudence (noun) – cautiousness, carefulness, judgement on fiscal decisions like borrowing, and spending, and managing the fiscal targets.
slippage (noun) – deficiency, shortage,
roadmap (noun) – schedule of a complex program.
tangibly (adjective) – really, actually, palpably.
salutary (adjective) – helpful/useful, beneficial/reliable, practical.