The Hindu Editorial (Prudent increase) – Aug 02, 2018

The decision by the Reserve Bank of India’s Monetary Policy Committee to raise benchmark interest rates again by 25 basis points is a prudent one. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Prudent increase) – Aug 02, 2018.

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Today’s word list-1 for The Hindu Editorial (Prudent increase) – Aug 02, 2018:

prudent (adjective) – wise, sensible, careful/ far-sighted.
inflation (noun) – increase of price level of goods & services & vice versa decrease of currency value.
mounting (adjective) – increasing, growing, intensifying.
volatility (noun) – the state of being legally responsible to change in a very sudden or extreme way.
notwithstanding (adverb) – nevertheless, nonetheless, even so/in spite of that.
outlook (noun) – prospects, expectations, lookout/chances.
volatile (adjective) – unpredictable, changeable, variable/inconstant.
fiscal slippage (noun) – the missing fiscal targets in the country’s budget.
Minimum Support Price (MSP) (noun) – it is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices.
staggered (adjective) – unsteady, volatile, changing.
sown (verb) – past participle of sow; plant, seed.
flag (verb) – indicate, signal, point out.
consumer price index (CPI) (noun) – a monthly measurement of prices for most household goods and services.
harden (verb) – rise, increase to a steady high price.
horizon (noun) – range of experience, outlook, perspective/perception.
portent (noun) – sign/indication, forecast, prediction.
Retail price index (RPI) (noun) – a monthly measurement of prices calculated by the Office for National Statistics (ONS) for most household goods and services. Both CPI and RPI inflation use much of the same data, they calculate the inflation rate using different formulae.
rebound (noun) – increase/recover in value/amount after a decline.
protectionism (noun) – the use of tariff and non-tariff restrictions on imports to protect domestic producers from foreign competition.
ripple through (verb) – move, oscillate, swing (through).
spur (verb) – motivate, encourage, stimulate.
Marginal propensity to consume (MPC) (noun) – it is an economic calculation that measures the amount of additional income consumers are willing to spend on goods and services rather than saving it.
remit (noun) – area of responsibility, area of activity, scope.
quibble (verb) – argue, complaint, find fault with (minor/trivial one).
raison_d’etre (noun) – French, literally ‘reason for being’; responsibility, duty, concern.

Note:

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/.
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.
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