Moody’s decision to upgrade India’s sovereign credit rating by a notch after a gap of almost 14 years is undoubtedly a welcome recognition of the country’s enormous economic potential. For further reading, visit “The Hindu”.
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Courtesy: The Hindu
Word List-1 (To Improve English Vocabulary)
- underline (verb) – emphasize, highlight, underscore.
- stay the course (phrase) – continue a difficult task to the end.
- sovereign (adjective) – independent, self-governing, autonomous.
- notch (noun) – degree/mark, measure, grade.
- logjam (noun) – a condition which appears as not solvable; deadlock, standstill, bottleneck.
- mounting (adjective) – increasing, growing, intensifying.
- insolvency (noun) – a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
- bankruptcy (noun) – legal state of insolvency. An individual or organisation is declared bankrupt if a court judges that the party involved can no longer meet debt payments to creditors. it is defined as the outcome of a legal procedure.
- undertake (verb) – manage, handle, deal with.
- objective (noun) – aim, intention, purpose.
- foster (verb) – encourage, promote, strengthen.
- foreign (exchange) reserves (noun) – forex reserves; foreign currency assets held by the central banks of countries.
- shock (noun) – blow, upset, disturbance.
- stock (market) index (noun) – a measurement of the value of a section of the stock market.
- intraday (adjective) – occurring within one day.
- flag (verb) – indicate, identify, point out.
- outlook (noun) – prospects, expectation, lookout.
- debt (noun) – liability, financial obligation, borrowed capital.
- peer (noun) – someone/something as equal, match, rival to the one.
- median (adjective) – mean, average, midpoint.
- macroeconomic (adjective) – relating to the branch of economics concerned with large-scale factors (interest rates/national productivity).
- slippage (noun) – shortfall, deficiency, shortage.
- loan waiver (noun) – it is the waiving of the real or potential liability of the person or party who has taken out a loan through the voluntary action of the person or party who has made the loan (Courtesy: Wikipedia).
- teething issues (adjective) – teething troubles/problems; temporary problems facing while starting a new project.
- fiscal deficit (noun) – the difference between total expenditure and total income of the government.
- capitalise on (verb) – take advantage of, exploit, benefit from.
- alluring (adjective) – tempting, attractive, appealing.
- resort to (verb) – use, utilize, employ.
- populism (noun) – related to policies that supposedly represent the opinions of ordinary people (Courtesy: VOA Learning English).
- notwithstanding (adverb) – nevertheless, nonetheless, in spite of that.
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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. Use it with the corresponding article published on the source (website) via the link provided.
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