The Hindu Editorial (Timely windfall) – May 29, 2021
The Reserve Bank of India’s decision to transfer ₹99,122 crore of surplus to the Centre comes as a windfall to the government, at a moment… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Timely windfall) – May 29, 2021.
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The Hindu Editorial (Timely windfall) – May 29, 2021:
- timely (adjective) – prompt, appropriate, opportune, well timed, at the right time.
- windfall (noun) – a lot of money that you win or get unexpectedly; bonanza, jackpot, unexpected fortune/gain.
- buffer (noun) – cushion, protection, bulwark.
- bank on (phrasal verb) – rely on, depend on, count on, place reliance on.
- surplus (noun) – excess; an excess of income earned after deducting all the expenses in a financial year.
- ferocious (adjective) – intense, extreme, strong, powerful; fierce, ruthless, merciless, brutal.
- 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.
- upend (verb) – to affect/damage something completely/drastically.
- projection (noun) – forecast, prediction, estimation, calculation.
- assumption (noun) – premise, belief, expectation, thought, notion.
- payout (noun) – payment, reward.
- budget (verb) – allocate, allot, assign, earmark.
- by way of (phrase) – as a form of.
- dividend (noun) – a share of profits and retained earnings that a company pays out to its shareholders.
- receipt (noun) – proceeds, income, revenue, earnings.
- truncate (verb) – shorten, curtail, reduce, diminish, decrease.
- contraction (noun) – In economics, it refers to a decline in national output as measured by gross domestic product.
- fell past of fall (verb) – decrease, decline, reduce, lessen.
- 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.
- foreign exchange transaction (noun) – it refers to the purchase and sale of foreign currencies.
- foreign exchange or forex (noun) – the conversion of one country’s currency into another.
- volatility (noun) – unpredictability, instability, unreliability.
- mop up (phrasal verb) – account for, dispose of, dispatch, finish off, deal with (by absorbing final details of something).
- foreign direct investment (FDI) (noun) – Investment from one country into another (normally by companies rather than governments) that involves establishing operations or acquiring tangible assets, including stakes in other businesses.
- inflow (noun) – a flow of a large amount of something to a particular place.
- portfolio (noun) – a range of products or services.
- overseas (adjective) – from a foreign country.
- preceding (adjective) – previous, prior, earlier.
- prompt (verb) – give rise to, bring about, cause.
- given (preposition) – considering, taking into account, bearing in mind.
- magnitude (noun) – intensity, immensity, proportion, extent, size of something.
- disruption (noun) – disturbance, interruption, obstruction, spoiling, wrecking.
- lack of (noun) – absence, unavailability.
- visibility (noun) – clarity.
- cost (noun) – loss, damage, undesirable consequences, adverse effects, disadvantage.
- bear (verb) – carry, support, shoulder, absorb.
- cognisant (adjective) – aware, well informed about, familiar with.
- cushion (verb) – protect, shield, shelter, cocoon.
- coffers (noun) – funds, reserves/resources, treasury/exchequer.
- exchequer (noun) – funds/resources/finances, treasury, coffers.
- contingency (noun) – a possible event or circumstance, happening, occurrence of a possible incident but not guaranteed/certain to happen/occur.
- reserve (noun) – funds/earnings.
- contingency reserves (noun) – it is retained earnings that have been set aside to guard against possible future losses.
- balance sheet (noun) – a summary of the financial balances; account book.
- wiggle room (noun) – freedom, scope/latitude, elbow room.
- safeguard (verb) – protect, shield, defend, guard.
- band (noun) – range.
- Bimal Jalan committee (noun) – the RBI, in consultation with the Government of India, had constituted an Expert Committee to Review the Extant Economic Capital Framework of the Reserve Bank of India (Chairman: Dr. Bimal Jalan). The Committee has since submitted its report to the Governor of the RBI. The Committee’s recommendations were based on the consideration of the role of central banks’ financial resilience, cross-country practices, statutory provisions and the impact of the RBI’s public policy mandate and operating environment on its balance sheet and the risks involved. Lender of Last Resort (LoLR).
- likelihood (noun) – probability, chance, prospect, possibility.
- overshoot (verb) – go beyond, go a little further than, pass over (a limit); overrun, overreach, overpass.
- budgeted (adjective) – allocated, allotted, provided.
- bolster (verb) – strengthen, support, reinforce/buttress.
- vaccination (noun) – treatment with a vaccine to protect against a particular disease; immunization.
- fiscal (adjective) – financial.
- swell (verb) – grow larger, grow greater, amplify, intensify, heighten.
- behove (verb) – be appropriate for, be expected of, be advisable for, be sensible for, be wise for.
- lender (noun) – financial institution (mostly bank) which lends money.
- last resort (phrase) – a final course of action when all else has failed; ultimate, final, eventual action.
- Lender of last resort (LoLR) (noun) – As a Banker to Banks, the Reserve Bank also acts as the ‘lender of the last resort’. It can come to the rescue of a bank that is solvent but faces temporary liquidity problems by supplying it with much-needed liquidity when no one else is willing to extend credit to that bank. The LoLR simply means if banks or the government are short of funds, the Central Bank will step in to prevent illiquidity.
- as a whole (phrase) – all together, as a group, in general.
- cannot afford/can ill afford (phrase) – if you cannot afford to do something, you must prevent it from happening because it would be embarrassing and cause problems (if it happens).
- conceivable (adjective) – plausible, imaginable, feasible, possible.