The Hindu Lead Article (The distress sale of national assets is unwise) – Mar 04, 2021

The Hindu Lead Article (The distress sale of national assets is unwise) – Mar 04, 2021

The origin of the ongoing crisis in the Indian economy was the fateful night of November 8, 2016. Dr. Manmohan Singh’s prescient words in Parliament — that demonetisation… For further reading, visit “The Hindu”. Below is today’s advanced word list-1 for The Hindu Lead Article (The distress sale of national assets is unwise) – Mar 04, 2021.

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Today’s Advanced Word List 1 for The Hindu Lead Article (The distress sale of national assets is unwise) – Mar 04, 2021:

  1. distress sale (noun) – also called a distressed sale; the urgent sale of assets/properties at reduced prices (for quick funds).
  2. unwise (adjective) – ill-advised, ill-considered, short-sighted, misguided, thoughtless.
  3. offload (verb) – dispose of, dump, jettison, get rid of (something by selling it).
  4. result in (phrasal verb) – cause, bring on, bring about, call forth, give rise to.
  5. ongoing (adjective) – continuing, happening/occurring, unending, unceasing.
  6. fateful (adjective) – awful, terrible, tragic, disastrous.
  7. prescient (adjective) – predictive, visionary, far-sighted.
  8. demonetisation (noun) – the act of depriving a currency unit (note/coin) of its status as money.
  9. lead to (verb) – result in, cause, bring on, call forth, give rise to.
  10. drop (noun) – decrease, reduction, decline, slump.
  11. Gross domestic product (GDP) (noun) – a measure of economic activity in a country. It is the total value of a country’s annual output of goods and services.
  12. heed (verb) – pay attention to, take into account, consider.
  13. on the contrary (phrase) – conversely, just the opposite.
  14. hastily (adverb) – swiftly, rapidly, quickly.
  15. flawed (adjective) – defective, faulty, distorted, inaccurate.
  16. devastating (adjective) – destructive, ruinous, disastrous.
  17. informal sector (noun) – informal economy, grey economy is the part of an economy that is neither taxed, nor monitored by any form of government.
  18. rob of (verb) – deprive of, strip of, divest someone of (a much-needed thing).
  19. millions (noun) – millions of people.
  20. livelihood (noun) – means of making a living with the basic necessities (food, water, shelter, and clothing); means of support, subsistence, source of income.
  21. plunge (verb) – fall/drop, plummet, tumble, nosedive suddenly & uncontrollably.
  22. prolonged (adjective) – lengthy, extended, protracted, unending, unrelenting.
  23. slump (noun) – decline, tumble, downturn, steep fall, decrease.
  24. predate (verb) – happen at a date earlier than (something).
  25. 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.
  26. Public Sector Enterprise/Public Sector Undertaking (PSU) (noun) – Companies owned by the Union Government of India or one of the many state or territorial governments or both together in parts. The company stock is majority-owned by the government in a PSU.
  27. privatisation (noun) – transfer of a business, industry, academic institutions, or service from public to private ownership and control.
  28. consumption (noun) – the use of goods and services by households.
  29. revival (noun) – improvement, rallying, picking up, betterment; re-establishment, restoration.
  30. seize (verb) – take hold of, snatch, grab, capture (suddenly).
  31. seize the opportunity (phrase) – take advantage of, benefit, gain.
  32. squeeze (verb) – obtain, extort, extract, wrest, milk.
  33. shrink (verb) – lessen, reduce, decrease.
  34. excessive (adjective) – too much, uncontrolled, disproportionate.
  35. cess (noun) – a form of tax charged/levied over and above the base tax liability of a taxpayer. A cess is usually imposed additionally when the state or the central government looks to raise funds for specific purposes.
  36. in contrast (phrase) – when compared to another.
  37. burn a hole in someone’s pocket (phrase) – used to refer to someone who spends money immediately after they earn it.
  38. content (adjective) – satisfied.
  39. self-inflicted (adjective) – cause suffering to oneself (on his/her own).
  40. wound (noun) – damage, distress, blow.
  41. rush (verb) – act rapidly/hurriedly.
  42. headlong (adjective ) – hasty, careless, heedless.
  43. hand over (phrasal verb) – pass, transfer, assign. 
  44. crony (capitalism) (noun) – it is a term describing an economy in which success in business depends on close relationships between business people and government officials. A person who is involved in this relationship is called a crony capitalist.
  45. crony (noun) – best friend, companion.
  46. cash-rich (adjective) – wealthy, affluent, well off.
  47. family silver (noun) – (family’s) precious things of high value.
  48. hasty (adjective) – hurried, rapid/quick; reckless, ill-considered, ill-advised.
  49. disinvestment (noun) – the process by which the Union government either sells its stakes in a PSU–fully or partially–or lists it on the stock market.
  50. incentive (noun) – stimulus, impetus, boost (payment or concession).
  51. manifesto (noun) – a publication issued by a political party before a General Election. It contains the set of policies that the party stands for and would wish to implement if elected to govern; (policy) statement, declaration, pronouncement.
  52. explicitly (adverb) – clearly, unequivocally, understandably, without question/doubt.
  53. disinvest (verb) – reduce, lessen, decrease (an investment).
  54. strategic sectors (noun) – as per the new PSU privatisation policy announced in the Union Budget 2021-22, public sector enterprises are divided into strategic and non-strategic ones. The strategic sector includes atomic energy, space and defence, transport and telecommunications, power, petroleum, coal and other minerals, and banking, insurance and financial services. The policy mentions that in the strategic sectors, there will be a bare minimum presence of government-owned companies.
  55. core sectors/industries (noun) – the eight industries comprising electricity, steel, refinery products, crude oil, coal, cement, natural gas and fertilizers are classified as core sector industries.
  56. fire sale (noun) – the sale of goods at extremely discounted/low prices.
  57. embrace (verb) – welcome, accept, adapt.
  58. make up for (phrasal verb) – atone for, make amends for, compensate for, make recompense for, make reparation for, make redress for.
  59. cite (verb) – refer to, adduce, make reference to, invoke.
  60. deceptive (adjective) – misleading, illusory, distorted.
  61. nationalisation (noun) – nationalisation happens when the government takes ownership of private assets.
  62. garb (noun) – an outward appearance, form, guise.
  63. make a killing (phrase) – make a large profit, make a fortune, gain, profit, make (a lot of) money.
  64. defaulter (noun) – a person who is (purposefully) not repaying banks/lenders’ debt on time for various reasons.
  65. bail out (phrasal verb) – provide financial help/support to a person who faces serious financial difficulty.
  66. bailout (noun) – an act of providing financial help/support by the outside investors to a bank/institution/organisation which faces serious financial difficulty.
  67. bail-in (noun) – a way of helping a bank or other institution in financial difficulty, in which people/creditors of the bank to bear some of the burden by cancelling a part of the debt they are owed.
  68. avatar (noun) – type, case, epitome.
  69. Videsh Sanchar Nigam Limited (VSNL) (noun) – was incorporated in 1986 as a public sector enterprise to cater to overseas communication services. In 2002, the Indian government privatised VSNL and the Tata Group acquired a controlling stake in the company.
  70. short-change (verb) – cheat/swindle, defraud, deceive.
  71. for a song (phrase) – very cheaply.
  72. in the name of (phrase) – for the sake of.
  73. persist (verb) – continue, carry on, keep going.
  74. transparently (adverb) – directly/clearly, straightforwardly, undoubtedly, precisely.
  75. reserve price (noun) – the minimum price at which the seller of an item is ready to sell it (or) the maximum price at which the buyer of an item is ready to pay for it.
  76. lack of (noun) – absence, deficiency, scarcity, dearth.
  77. credibility (noun) – trustworthiness, reliability, integrity.
  78. entity (noun) – organization, institution, establishment, outfit.
  79. consequence (noun) – outcome, ramification, repercussion.
  80. stake (noun) – share, investment.
  81. Initial Public Offering (IPO) (noun) – Initial public offering (IPO) or stock market launch is a type of public offering in which shares of a company are sold to institutional investors and usually also retail (individual) investors. In layman’s terms, IPO means the sale of stock by a company to the public.
  82. suggestive (adjective) – indicative, symptomatic, characteristic.
  83. clear the decks (phrase) – get ready for a specific action/event (by getting rid of all other hindrances that may hamper the event/action).
  84. the crown jewel (noun) – a valuable asset.
  85. infrastructure (noun) – the basic physical or organisational structure or framework that a country or organization needs in order to function properly. For a whole nation, it includes all the physical systems such as buildings, roads & railways networks, utilities, etc.
  86. gestation (period) (noun) – development, formation (period).
  87. social justice (noun) – it is the view that everyone deserves equal economic, political and social rights and opportunities.
  88. betray (verb) – reveal, expose, disclose, lay bare, make known.
  89. disdain (noun) – contempt, scorn, disrespect, dislike.
  90. play a part/role (phrase) – contribute to, be instrumental in, be a factor in.
  91. reservation (noun) – a system of affirmative action in India that provides historically disadvantaged groups representation in education, employment, and politics.
  92. marginalised (adjective) – treated as insignificant, treated as unimportant, neglected.
  93. be history (phrase) – be considered as no longer applicable to the current situation.
  94. preside over (verb) – be in charge of, be responsible for, handle, manage/organize.
  95. outright (adjective) – out-and-out, absolute, complete, categorical, unequivocal.  
  96. disregard (noun) – indifference, non-observance; inattention, heedlessness, carelessness, neglect.
  97. cope with (verb) – deal withgrapple with, handle/manage.
  98. lay-off (noun) – unemployment; dismissal, discharge, redundancy.
  99. inevitably (adverb) – unavoidably, certainly, definitely.
  100. exponential (adjective) – rapid, quickfast.
  101. non-performing assets (NPAs) (noun) – bad loans, troubled accounts, stressed loans; an account where principal and/or interest remains overdue for a period of time.
  102. watch (noun) – guard, vigil, lookout; stint, spell, turn.
  103. gross (adjective) – total, whole, entire, complete, full, overall.
  104. wilful (adjective) – deliberate, intentional, purposeful.
  105. default (noun) – non-payment, failure to pay.
  106. balloon (verb) – increase rapidly, soar, escalate.
  107. hardly (adverb) – almost not.
  108. greed (noun) – desire, urge, need, appetite.
  109. resilience (noun) – strength; the capacity to recover quickly from difficulties.
  110. recession (noun) – economic decline, slowdown, downturn, depression, slump.
  111. financial inclusion (noun) – it means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit, and insurance – delivered in a responsible and sustainable way.  (Courtesy: The World Bank).
  112. the unbanked (noun) – the people who have no bank account & so no access to banking services.
  113. decade (noun) – a period of ten years.
  114. ruthlessly (adverb) – unfeelingly, uncaringly, unsympathetically.
  115. shut down (phrasal verb) – cease activity, close down, cease operation.
  116. prospective (adjective) – intended, planned, expected, anticipated; potential, possible, probable.
  117. alongside (preposition) – together with.
  118. reverse (verb) – change, alter.
  119. principled (adjective) – moral, ethical, good. 
  120. long-standing (adjective) – long-established, deep-rooted, fixed, persistent, continuing (for a long time).
  121. concentration (noun) – accumulation, aggregation, collection.
  122. heighten (verb) – intensify, increase, enhance, make greater.
  123. conflict of interest (noun) – a situation in which a person cannot do his/her job fairly because he/she has the power to decide something in a way that would be to his/her advantage, although this may not be the best decision.
  124. diversion of funds (noun) – (mis)utilization of funds.
  125. usher in (verb) – start, begin, initiate.
  126. liberalisation (noun) – removal or loosening of restrictions on something, typically an economic or political system.
  127. voice (verb) – express, make public, announce, mention, raise.
  128. transparency (noun) – clarity, straightforwardness, openness, honesty, unambiguity.
  129. accountability (noun) – responsibility, liability, answerability.
  130. case-by-case (phrase) – individual; item-by-item.
  131. strategy (noun) – plan of action (in order to achieve a more expansive set of political, economic, and security interests).
  132. capital infusion (noun) – the introduction of additional funding from successful divisions of a business to the weak division which is not doing well.
  133. turn around (noun) – change, reversal.
  134. exchequer (noun) – funds/resources/finances, treasury, coffers.
  135. calibrate (verb) – work out, reckon, determine, evaluate, quantify, assess.
  136. trustee (noun) – administrator, agent.
  137. abdicate (verb) – reject, disown, turn down, give up, abandon (a responsibility).
  138. wholesale (adverb) – extensively, on a large scale, comprehensively, thoroughly.
  139. rush (noun) – hurry, haste, urgency.
  140. suspicion (noun) – misgiving, doubt/qualm, distrust, scepticism.
  141. electoral bond (noun) – an electoral bond is designed to be a bearer instrument like a Promissory Note — in effect, it will be similar to a banknote that is payable to the bearer on demand and free of interest. It can be purchased by any citizen of India or a body incorporated in India. it allows limitless, secret donations to political parties, including (and especially) by corporations.
  142. windfall (noun) – a lot of money that you win or get unexpectedly; bonanza, jackpot, unexpected fortune/gain.
  143. accrue (verb) – accumulate, collect, amass, grow, increase, augment, be added.
  144. down payment (noun) – advance payment.
  145. bargain (noun) – agreement, arrangement, understanding, deal.
  146. assert (verb) – declare, announce, pronounce, state.
  147. inclusive (adjective) – overall, full, all-encompassing, all-embracing, comprehensive.

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 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.

Today’s Advanced Word List 1 for The Hindu Lead Article (The distress sale of national assets is unwise) – Mar 04, 2021:

The Hindu Lead Article (The distress sale of national assets is unwise) – Mar 04, 2021 The Hindu Lead Article (The distress sale of national assets is unwise) – Mar 04, 2021 The Hindu Lead Article (The distress sale of national assets is unwise) – Mar 04, 2021 The Hindu Lead Article (The distress sale of national assets is unwise) – Mar 04, 2021 The Hindu Lead Article (The distress sale of national assets is unwise) – Mar 04, 2021 The Hindu Lead Article (The distress sale of national assets is unwise) – Mar 04, 2021 The Hindu Lead Article (The distress sale of national assets is unwise) – Mar 04, 2021

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