The Hindu Editorial (Lives and livelihoods) – Apr 11, 2020

The government is in the process of applying its mind on whether it should extend or lift in phases the 21-day lockdown that ends next week. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Lives and livelihoods) – Apr 11, 2020.

To read this article, click here.

This preview is provided here with permission.

Courtesy: The Hindu

Today’s word list-1 for The Hindu Editorial (Lives and livelihoods) – Apr 11, 2020

livelihood (noun) – means of making a living with the basic necessities (food, water, shelter and clothing); means of support, subsistence, source of income.
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.
forego (verb) – do without, abandon, relinquish, sacrifice, refrain from.
apply one’s mind (phrase) – to give full attention to; to think hard about something.
privilege (verb) – to give something/someone an advantage; to give preference to.
apparent (adjective) – evident/clear, visible, noticeable, recognizable.
tremendous (adjective) – massive, huge, immense.
nuanced (adjective) – delicate, subtle, accurate.
fortnight (noun) – a period of two weeks/fourteen days continuously.
hunger (verb) – a severe lack of food.
sidestep (verb) – avoid, evade, dodge, escape.
existential (adjective) – empirical, pragmatic, factual, experiential, objective.
dilemma (noun) – quandary, predicament, difficulty.
Comprehensive Economic Relief Package (noun) – a comprehensive package should have simultaneous reliefs across different realms (area of activity), for instance, tax compliance, relief for poor, RBI monetary policy interventions, and relief for middle class in terms of EMI, internet rate subvention and most importantly an increase in investment in health infrastructure.
go beyond (phrasal verb) – to do more than required/expected.
out-of-the-box (adjective) – creative, innovative, unconventional, out of the ordinary, unusual.
for starters (phrase) – first of all, to start with.
consign (something to) (verb) – to put/send something somewhere (here it is cupboard), especially in order to get rid of it; send, transfer, put away.
fiscal conservatism (noun) – a political position (primarily in the United States) that calls for lower levels of public spending, lower taxes and lower government debt.
all out (adverb) – with vigour, with great effort, intensely, vigorously.
unanimous (adjective) – in complete agreement/accord, with one voice, concordant/united.
account for (phrasal verb) – represent, constitute, make up, comprise, form.
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 service.
in addition (phrase) – as well as, additionally, moreover.
ration (noun) – the practice of having a fixed allowance of food, esp a statutory one for civilians (particularly in time of scarcity or soldiers in time of war); allowance, allocation, allotment.
harvest (noun) – the process of gathering a ripe crop from the fields.
logistical (adjective) – relating to logistics (handling the commercial activity of transporting goods to customers).
non-banking financial company (NBFC) (noun) – a company incorporated under the Companies Act 2013 or 1956 which is engaged in the business of loans and advances, acquisition of stocks, equities, debt etc issued by the government or any local authority. The main objective of this type of a company is to accept deposits under any scheme or manner.
delinquent (adjective) – unsettled, outstanding, overdue, in arrears.
credit guarantee fund (noun) – a type of fund (by the government) which backs up the loan taken by the beneficiaries as a form of collateral (pledged as security/guarantee).
non-delinquent (adjective) – not being overdue/outstanding in payment.
domestic bond (noun) – bonds (debt obligations) issued and traded within the internal market of a country and denominated in the currency of that country.
bankruptcy (noun) – legal state of insolvency. An individual or organisation is declared bankrupt if a court judges that the party involved can no longer meet debt payments to creditors. it is defined as the outcome of a legal procedure.
insolvency (noun) – a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
at worst (phrase) – considering someone/something under the most unfortunate or negative way possible.
standstill (noun) – deadlock, impasse, stalemate/stand-off.
ease (verb) – reduce, lessen, decrease.
obviate (verb) – avoid, prevent, eliminate.
statutory (adjective) – legitimate, acceptable, permissible/admissible.
compliance (noun) – conformity, observation, adherence.
(get back) on track (phrase) – (get back) to normal; in the right direction; on course, on target, on schedule.
precedent (noun) – model, exemplar, example, pattern; previous example/instance, prior instance.
conservative (adjective) – moderate, low, understated.
need of the hour (phrase) – some need (or requirement or demand) at a particular point of time.