The Hindu Editorial (The invisible tax) – Jun 16, 2021

The pandemic’s second wave may have subsided but hopes of a smooth rebound in the economy in tandem with easing restrictions remain muddled,… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (The invisible tax) – Jun 16, 2021.

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The Hindu Editorial (The invisible tax) – Jun 16, 2021:

rebound (noun) – recovery (after a decline).
emergent (adjective) – urgent, prompt.
rein in (phrasal verb) – to control, restrain, restrict, limit someone/something.
inflation (noun) – simply meaning “cost of living”; an increase of price level of goods & services and vice versa decrease of currency value.
pandemic (noun) – the worldwide spread of a new disease; The illness spreads around the world and typically affects a large number of people across a wide area.
subside (verb) – diminish, decline, abate, get lower.
in tandem (phrase) – alongside each other.
muddled (adjective) – confused, in a state of confusion, bewildered, perplexed, disoriented.
compound (verb) – aggravate, worsen, intensify, make worse.
soaring (adjective) – rising, increasing (quickly).
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.
come as a surprise (phrase) – to make someone feel surprised.
Wholesale Price Index (WPI) (noun) – it measures the changes in the prices of goods sold and traded in bulk by wholesale businesses to other businesses. To put it simply, the WPI tracks prices at the factory gate before the retail level.
reckon (verb) – calculate, compute, figure, work out.
hit (verb) – reach, attain, touch (a level).
(headline) retail inflation or consumer price index (CPI) inflation (noun) – it is a measure of the total inflation within an economy, including commodities such as food and energy prices. The CPI monitors retail prices at a certain level for a particular commodity. The change in the price index over a period of time is referred to as CPI-based inflation or retail inflation.
core inflation (noun) – it is a measure of the total inflation within an economy, excluding commodities such as food and energy prices (which change frequently).
runaway (adjective/noun as modifier) – out of control, uncontrolled, unchecked.
drive up (phrasal verb) – (of a price of something) increase, rise to a higher level.
indices plural of index (noun) – an (economic) data figure reflecting something (e.g. price/quantity) compared with a standard or base value; pointer, indicator.
at work (phrase) – in action.
barely (adverb) – only, just, hardly.
pulses (noun) – pulses are the term used for edible dry peas, beans, lentils, and chickpeas &, etc.
as well as (phrase) – and also, and in addition.
edible oil (noun) – cooking oil; fat of plant, animal or microbial origin, which is liquid at room temperature and is suitable for food use.
surge (noun) – sudden increase or rise of something.
respite (noun) – rest, break, interval, intermission, halt.
in sight (phrase) – observable, noticeable, visible, recognizable, near at hand, close.
front (noun) – a particular situation.
pump price (noun) – the retail selling price of petrol/diesel (to the public).
freight (carriage) (noun) – transportation.
add up (phrasal verb) – increase the total sum/value/price of something by adding two/more amounts together.
on top of (phrase) – in addition to, besides.
discount (verb) – deduct, take off (an amount from something).
print (noun) – mark.
steep (adjective) – unreasonable, excessive; abrupt, sudden.
elbow room (noun) – scope, room to manoeuvre, leeway/margin, latitude.
stick (with) (phrasal verb) – continue with something.
room for manoeuvre (phrase) – opportunity to change your plans or to do things differently in order to achieve what you want.
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.
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.
switch (verb) – change, shift.
dovish (adjective) – relating to an accommodating (economic) policy supporting low-interest rates; (In economics, a hawkish policy is the one that advocates for higher interest rates).
ease (verb) – lessen, reduce, decrease.
the central bank (noun) – The banking regulator of a county’s banking system. The Reserve Bank of India (RBI) is the central bank of India.
persist (verb) – continue, carry on, remain, stay.
accommodative (adjective) – cooperative, generous, agreeable, accommodating, helpful, good-natured.
facilitate (verb) – make easy, make possible, enable; assist, help/aid.
of one’s own (phrase) – belonging to oneself only/alone.
curb (verb) – control, contain, restrict, limit.
cut (noun) – reduction, decrease, lessening.
advocate (verb) – advise, uphold, support, back.
so far (phrase) – until now, up to the present, up to this point.
obfuscate (verb) – confuse, complicate, make unclear.
admit (verb) – acknowledge, confess, reveal, make known, make public.
welfare (noun) – a government program that provides (financial) assistance to individuals and families in need; social security, public assistance.
vaccine (noun) – a biological preparation that improves immunity to a particular disease.
reel from (verb) – to be in a confused condition; to feel upset; to be shocked by the situation.
onset (noun) – start, beginning, arrival.
persistently (adverb) – continuously.
untenable (adjective) – unjustified, unacceptable; faulty/flawed; illogical/irrational.
offset (verb) – even up, counterbalance, equalize, neutralize; make amends for, compensate for.
disproportionately (adverb) – inordinately, immoderately, excessively.
adverse (adjective) – dangerous, harmful, detrimental, unhealthy; unfavourable, disadvantageous, bad.