The Hindu Editorial (Belated, but bold) – Feb 10, 2021

The government’s spending plans for 2021-22 hinge on better compliance lifting tax collections, and an ambitious plan to raise non-tax revenue. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Belated, but bold) – Feb 10, 2021.

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The Hindu Editorial (Belated, but bold) – Feb 10, 2021:

belated (adjective) – late, behind time, not on time/delayed.
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.
execution (noun) – implementation, carrying out, imposition, enforcement.
strategic (adjective) – relating to achieving long-term or overall goals.
unveil (verb) – present, disclose, make public.
hinge on (verb) – depend on, be based, be dependent.
compliance (noun) – conformity, observation, adherence.
lift (verb) – increase, raise, improve, boost, enhance.
ambitious (adjective) – formidable, challenging, demanding; aspiring.
Non-Tax Revenue (noun) – It is the recurring income earned by the government from sources other than taxes. Description: The most important receipts under this head are interest receipts (received on loans given by the government to states, railways, and others) and dividends and profits received from public sector companies.
monetisation (noun) – In general, it is the process of converting something (e.g. an asset) into money.
tract (noun) – area, stretch, swathe, parcel, portion (of land).
bank on (phrasal verb) – rely on, depend on; anticipate, expect.
likely (adjective) – possible, probable, to be expected.
receipts (noun) – proceeds, money received, payment received, turnover.
inflow (noun) – a flow of a large amount of something (e.g. money) to a particular place.
entity (noun) – organization, institution, establishment, operation.
Bharat Petroleum Corporation Limited (BPCL) (noun) – an Indian public sector oil and gas company headquartered in Mumbai, Maharashtra. The Corporation operates two large refineries of the country located in Kochi and Mumbai.
carry forward (phrasal verb) – have something to continue/handle at a later stage (to make progress).
listing (noun) – In corporate finance, a listing refers to the company’s shares being on the list (or board) of stock that are officially traded on a stock exchange.
Finance Bill (noun) – ‘Finance Bill’ means the Bill ordinarily introduced in each year to give effect to the financial proposals of the Government of India for the following financial year and includes a Bill to give effect to supplementary financial proposals for any period. It concerns the country’s finances – it could be about taxes, government expenditures, government borrowings, revenues, etc. There are different kinds of Finance Bills-the most important of them is the Money Bill. The Money Bill is concretely defined in Article 110.
bolster (verb) – strengthen, support, boost, reinforce/buttress.
kitty (noun) – a sum of something (money/things) made up of small contributions.
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.
public sector bank (noun) – a major type of bank in India, where a majority stake (i.e. more than 50%) is held by the government.
Atma Nirbhar Bharat Abhiyan (or) Self-reliant India Mission (noun) – the special economic package totalling Rs 20 lakh crore by the Indian government to tide over the Covid-19 crisis and it would focus on land, labour, liquidity and laws. It would benefit labourers, farmers, honest taxpayers, MSMEs and cottage industry. This economic package would be around 10 per cent of India’s GDP.
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.
tortuous (adjective) – complicated, complex, indirect, lengthy.
stock market (noun) – equity market, share market, a stock exchange. It is where traders buy and sell shares of companies on a public exchange.
stake (noun) – share.
stance (noun) – position, approach, opinion, standpoint.
residual (adjective) – remaining.
fare (verb) – perform; progress, succeed, prosper.
on someone’s case (phrase) – criticizing someone always.
commanding (adjective) – assertive, confident, firm, impressive; powerful, prominent, advantageous, favourable.
exchequer (noun) – funds/resources/finances, treasury, coffers.
good money (noun) – hard-earned money.
funnel (noun) – channel, guide, pass.
endeavour (noun) – activity, pursuit, exercise, undertaking.
articulate (verb) – announce, express, pronounce, point out.
make headway (phrase) – make progress, advance, proceed, get ahead.
front (noun) – a particular situation.
blueprint (noun) – model, plan, guide, template, framework.
in place (phrase) – ready, set up, established.
pocket (noun) – small group.
crop up (phrasal verb) – happen, occur, arise, emerge, appear.
on a high (phrase) – ecstatic, euphoric, elated, thrilled, overjoyed, on cloud nine.
potential (adjective) – possible, likely, prospective.
optimal (adjective) – most favourable, optimum, ideal, perfect.
thanks to (phrase) – as a result of, owing to, due to, because of.
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.
semblance (noun) – similarity, equivalence, resemblance, likeness.
witch-hunt (noun) – it means to find and punish people believed to be evil- even if they were not. It does also mean an unfair campaign by one side against its political opponents.
shock (noun) – disturbance causing volatility/uncertainty in an economy.
monopoly (noun) – exclusive/complete control of something by a person/organization.
electoral (adjective) – relating to electors/voters.
jurisdiction (noun) – territory, region, province, district, area.
scuttle (verb) – (intentionally) cause something to fail.
can ill afford (phrase) – to prevent something from happening because it would be embarrassing and cause problems (if it happens).