The Hindu Editorial (On the front foot) – Feb 07, 2020
The humble onion almost halted the onward march of the Reserve Bank of India (RBI) in its endeavour to bring down financial costs in the economy. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (On the front foot) – Feb 07, 2020.
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Today’s word list-1 for The Hindu Editorial (On the front foot) – Feb 07, 2020
- on the front foot (phrase) – at an advantage; outclassing, outmanoeuvring (opponents).
- holding rates/costs (noun) – carrying rate/cost, inventory rate/cost; the rates/costs incurred to store inventory (held in stock as reserves).
- sentiment (noun) – way of thinking, point of view, general opinion/belief.
- march (noun) – progress, advance, development, headway.
- endeavour (noun) – activity, attempt, effort, try.
- bring down (phrasal verb) – decrease, reduce, lower/cut.
- (have) one’s hands tied (phrase) – not able to act as one wishes.
- inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
- thanks to (phrase) – owing to, due to, because of.
- means (noun) – method, way, procedure.
- drive down (phrasal verb) – force, impel, press, (price/rate to go down).
- in jest (phrase) – as a joke.
- proceedings (noun) – activities (with a set procedure).
- 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.
- hold (verb) – cause to stay at a certain level.
- discount (verb) – disregard, pay no attention to, ignore, overlook.
- point out (phrasal verb) – indicate, mention, refer to.
- at its disposal (phrase) – for use by, in the hands of, in the possession of.
- instrument (noun) – mechanism, apparatus, system, means (to achieve/attain something).
- unleash (verb) – let loose, release, set free.
- electric (adjective) – dramatic, dynamic, stimulating, rousing.
- bond yield (noun) – bond yield is the annualized percentage return that an investor will obtain from buying a bond. In general, the yield of a bond is inversely proportional to its price. This means that as the yield increases, the price decreases (and vice versa).
- 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) or 0.0001 in decimal form.
- in a matter of seconds/minutes (phrase) – within seconds/minutes; in a small amount of time.
- cash reserve ratio (CRR) (noun) – a certain minimum amount of deposit that the commercial banks have to hold as reserves with the central bank.
- disburse (verb) – pay out, give, spend/expend.
- shave off (verb) – remove, eliminate, cut.
- 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.
- rate cut (noun) – a decision by a central bank (like RBI in India) to reduce its main interest rate to the banks (like SBI, ICICI & etc in India) when these commercial banks get money from the central bank. Once this rate goes down, the banks are in a position to give loans at lower interest rates to individuals and the industry.
- prod (verb) – stimulate, prompt, drive, spur.
- fine-tune (verb) – modify, alter, regulate.
- 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.
- (at) the least (of) (phrase) – something of the lowest importance/value.
- accommodative (adjective) – accommodating, cooperative, helpful.
- revive (verb) – revitalize, regenerate, reinstitute, bring back.
- explicitly (adverb) – clearly, unequivocally, without any doubt.
- policy space (noun) – it is about the freedom to choose the best mix of policies possible for achieving sustainable and equitable economic development given their unique and individual, social, political, economic, and environmental conditions.
- benchmark (noun) – standard, guideline, basis.
- nod (noun) – indication, signal, sign (of approval).
- forbearance (noun) – a refraining (stopping) from the implementation of something (such as a debt repayment) that is long-pending.
- projection (noun) – estimate, forecast, prospects/expectations.
- reflect (verb) – indicate, show, display, represent.
- nascent (adjective) – just beginning, developing, burgeoning.
- sustain (verb) – continue, carry on, prop up, retain.
- conservative (adjective) – cautious, careful, moderate.
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 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.
Today’s word list-1 The Hindu Editorial (On the front foot) – Feb 07, 2020: