The Hindu Editorial (​Same page) – Jun 07, 2025

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The Hindu Editorial (​Same page) – Jun 07, 2025:

1. same page (noun) – shared understanding/agreement.
2. 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 mentioned in the Reserve Bank of India Act, 1934.
3. 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.
4. align (verb) – join, unite, combine; team up, cooperate, collaborate.
5. central bank (noun) – the banking regulator of a county’s banking system. (e.g. The Reserve Bank of India (RBI) is the central bank of India).
6. unequivocally (adverb) – absolutely, directly, clearly, obviously, explicitly, definitely, conclusively, unquestionably, unconditionally, categorically, unambiguously, unqualifiedly, outright.
7. perennial (adjective) – continuing, unending, never-ending, endless, ceaseless, lasting, everlasting, persisting, perpetual, constant, continual, unchanging, never-changing
8. inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
9. trade-off (noun) – a situation in which you must choose between (balance) two things that are opposite or cannot be had at the same time; a compromise; swap, exchange.
10. growth-inflation trade-off (noun) – the challenge of sustaining a high growth rate along with the need for curbing inflation which is at an all time high.
11. 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.
12. reverse repo rate (noun) – it is the rate at which the central bank of a country (RBI in case of India) borrows money from commercial banks within the country.
13. 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.
14. on the back of (phrase) – as a result of, because of.
15. retail or consumer price index (CPI) inflation (noun) – The change in the price index of the basket of consumer goods and services over a period of time is referred to as CPI-based inflation or retail inflation.
16. wholesale or wholesale price Index (WPI) inflation (noun) – The change in the price index of the basket of wholesale goods (and no services) over a period of time is referred to as WPI-based inflation or wholesale inflation.
17. come in at (phrasal verb) – to be at a particular level/amount.
18. subdued (adjective) – restrained, controlled, toned down, muted.
19. price stability (noun) – no (drastic) change in the price of goods and services in an economy over a period of time. It implies avoiding both prolonged inflation and deflation.
20. relegate (verb) – downgrade, lower, assign a less important position to.
21. 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.
22. slash (verb) – cut, reduce, lower greatly.
23. cash reserve ratio (CRR) (noun) – a certain minimum amount of deposit that the commercial banks have to hold as reserves with the central bank. The proportion of liabilities which a bank has to set aside as cash.
24. stipulated (adjective) – prescribed, fixed, specified, defined, required.
25. lend out (phrasal verb) – give, provide, grant.
26. stance (noun) – position, standpoint, point of view, opinion, approach, perspective.
27. neutral (adjective) –ordinary, safe, uncommitted, uninvolved, non-participating; even-handed, indifferent.
28. accommodative (adjective) – aimed to encourage economic activity by reducing interest rates. ​
29. incline (verb) – be willing, be ready, be prepared.
30. unlikely (adjective) – not likely, doubtful, improbable, questionable, debatable.
31. fall short of (phrase) – fail to meet/reach; be deficient/inadequate/insufficient.
32. expectation (noun) – projection, prediction, indication, forecast, prognosis, speculation, calculation (of future events or trends).
33. given (preposition) – considering, taking into account, bearing in mind.
34. uncertainty (noun) – unpredictability, unreliability, riskiness/precariousness.
35. predisposed (adjective) – liable to, subject to, inclined to.
36. in the event of (phrase) – if something happens.
37. unforeseen (adjective) – unpredicted, unexpected, unanticipated.
38. sustained (adjective) – continuous, continued, endless, persistent, ongoing.
39. spike (noun) – sudden increase/rise.
40. play out (phrasal verb) – occur, happen, take place.
41. after all (phrase) – basically, more importantly, ultimately
42. sound (adjective) – convincing, solid, logical, reasonable; intact, strong, substantial.
43. likely (adverb) – probably, presumably, potentially, doubtlessly.
44. likely (adjective) – to be expected, anticipated, predictable, foreseeable, on the cards, in the wind.
45. jump (verb) – increase, rise, go up, surge, soar.
46. any time soon (phrase) – in the near future.
47. necessitate (verb) – require, demand, ask for, need, call for, entail, warrant.
48. pre-emptive (adjective) – preventive, precautionary, protective, defensive.
49. grip (noun) – control.
50. on the other hand (phrase) – on the contrary, In contrast, on the flip side, in opposition, conversely, contradictorily alternatively.
51. project (verb) – predict, indicate, forecast, prognose, speculate, calculate (future events or trends).
52. provisionally (adverb) – tentatively, temporarily, for the time being.
53. fiscal policy (noun) – in simple terms, it is an estimate of taxation and government spending that impacts the economy.
54. in terms of (phrase) – with regard to, with reference to, regarding, concerning, as to, in connection with.
55. stimulus (noun) – impetus, boost, incentive, fillip.
56. decade (noun) – a period of ten years.
57. outlay (noun) – expenditure, expenses, spending, outgoings, money spent.
58. capital spending/capital expenditure (CAPEX) (noun) – the money spent on the acquisition of assets like land, buildings, machinery, equipment, as well as investment in shares.
59. public capex (noun) – government capital expenditure.
60. at best (phrase) – only, simply, but, nothing but.
61. reasonably (adverb) – in a sensible way.
62. official (noun) – officer, functionary, office-holder; authority, public/government servant, office-bearer, civil servant, mandarin.
63. as much (phrase) – the same.
64. account for (phrasal verb) – constitute, make up, comprise, form.
65. step up (phrasal verb) – increase, intensify, consolidate, augment, strengthen, accelerate, escalate.
66. on the same page (phrase) – having a shared understanding or agreement on a particular subject; in agreement.

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 purposes 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 (​​​​Same page) – Jun 07, 2025: