The Hindu Editorial (Twin troubles) – Apr 15, 2021
The latest official data on retail prices and industrial production released on Monday provide cause for disquiet, given that inflation continues to accelerate and output at the country’s factories contracted for a second straight month. For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (Twin troubles) – Apr 15, 2021.
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The Hindu Editorial (Twin troubles) – Apr 15, 2021:
- inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
- undermine (verb) – weaken, subvert, sabotage, damage.
- purchasing power (noun) – the ability to buy something (goods/services).
- cause for disquiet (phrase) – a reason to worry.
- given (preposition) – considering, taking into account, bearing in mind.
- accelerate (verb) – increase, rise, advance.
- provisional (adjective) – temporary, interim, transitional, preliminary.
- National Statistical Office (NSO) (noun) – The Ministry of Statistics and the Department of Programme Implementation has two wings, one relating to Statistics and the other Programme Implementation. The Statistics Wing called the National Statistical Office (NSO) gives considerable importance to coverage and quality aspects of statistics released in the country. The statistics released are based on administrative sources, surveys and censuses conducted by the Center and State Governments and non-official sources and studies.
- Index of Industrial Production (IIP) (noun) – a composite (combined/complex) indicator that measures the changes in the volume of production of a basket of industrial products during a given period with respect to the volume of production in a chosen base period.
- shrink (verb) – lessen, reduce, decrease.
- contraction (noun) – In economics, it refers to a decline in national output as measured by gross domestic product.
- consumer price index (CPI) (noun) – it is defined as the change in the prices of a basket of goods and services that are typically purchased by specific groups of households. To put it simply, it tracks the prices of goods and services purchased by consumers.
- stubbornly (adverb) – persistently, firmly, inflexibly.
- driver (noun) – factor.
- pressure (noun) – effect, impact; strain, stress, tension, burden.
- pulses (noun) – pulses are the term used for edible dry peas, beans, lentils and chickpeas & etc.
- edible oil (noun) – cooking oil; fat of plant, animal or microbial origin, which is liquid at room temperature and is suitable for food use.
- staple (noun) – main item; important element.
- climb (verb) – increase, rise.
- dizzyingly (adverb) – unsteadily.
- not lost on (phrase) – to have a significant/noticeable effect/impact on.
- 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.
- surge (verb) – rise or increase suddenly.
- central bank (noun) – The banking regulator of a county’s banking system. The Reserve Bank of India (RBI) is the central bank of India.
- rabi (crops) (noun) – winter crops; seeds sowing in the beginning (Nov) of the winter and harvesting at the end of the season (Apr) in South Asia.
- kharif (crops) (noun) – monsoon crops; seeds sowing in the beginning (Jun) of the monsoon and harvesting at the end of the season (Oct) in South Asia.
- harvest (noun) – the process of gathering a ripe crop from the fields.
- as well as (phrase) – and also, and in addition.
- augment (verb) – increase, enlarge, expand.
- optimistically (adverb) – hopefully, confidently, positively.
- bank on (phrasal verb) – rely on, depend on; anticipate, expect.
- incentive (noun) – stimulus, impetus, boost.
- counter (verb) – resist, tackle, confront.
- heightened (adjective) – intensified, increased, aggravated, exacerbated.
- beverage (noun) – a drink, such as tea, coffee, liquor, beer, milk, juice, or soft drinks, usually excluding water.
- quicken (verb) – accelerate, step up, hasten.
- disconcertingly (adverb) – unsettlingly, disturbingly, worryingly.
- acceleration (noun) – increase, rise (in number).
- pump price (noun) – the retail selling price of petrol/diesel (to the public).
- petroproduct (noun) – a petroleum product; either crude oil or a derivative (gasoline/petrol & diesel).
virtually (adverb) – practically, almost, nearly.
- freeze (verb) – hold/kept in a fixed state.
- plausible (adjective) – likely, probable, possible; believable, conceivable.
- freight (carriage) (noun) – goods transporting vehicle.
- lagged (adjective) – delayed.
- pass-through (noun) – passing on a cost to a customer.
- preceding (adjective) – previous, prior, earlier.
- steep (adjective) – unreasonable, excessive; abrupt, sudden.
- unlikely (adjective) – doubtful, implausible, improbable, questionable.
- bite the bullet (phrase) – “to go through a painful or otherwise unpleasant situation that has been delayed and seen as unavoidable beyond certain stage”. It simply means to accept a difficult decision or situation.
- forego (verb) – do without, abandon, relinquish, sacrifice, refrain from.
- stridently (adverb) – strictly, firmly, in a tough/stiff way.
- seek (verb) – try, aim, attempt.
- levy (noun) – imposition, charging, collection (of a tax, fee, fine).
- foresee (verb) – anticipate, predict, envisage, envision.
- backslide (verb) – weaken, relapse, deteriorate.
- traction (noun) – popularity, acceptance.
- capital goods (noun) – capital goods are man-made, durable items that businesses use to produce goods and services. They include tools, buildings, vehicles, machinery, and equipment. Capital goods are also called durable goods, real capital, and economic capital.
- consumer non-durables (noun) – products/goods (such as food, clothing, fuel, etc.) which are produced for immediate use and frequently replaced by the consumer.
- consumer durables (noun) – manufactured products/goods (such as TV, fridge, AC, motorbike, car & etc) which last for an extended period of time.
- reflect (verb) – indicate, show, reveal, exhibit.
- likely (adjective) – possible, probable, to be expected.
- upsurge (noun) – sudden increase or rise of something; jump, upturn.
- containment (noun) – an act of keeping something (harmful) under control (it means quickly identifying cases of coronavirus through testing, placing infected individuals in isolation, tracking who infected persons might have been in contact with and potentially quarantining those who came into contact with infection so that the disease doesn’t continue to spread).
- measure (noun) – action, step, procedure.
- nurse (verb) – encourage, nurture, promote, boost.
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.
The Hindu Editorial (Twin troubles) – Apr 15, 2021: