The Hindu Editorial (Getting back on track) – Feb 02, 2021

Finance Minister Nirmala Sitharaman made a brave effort to make good use of the lessons learnt from the unprecedented global health crisis and ensuing economic setback… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Getting back on track) – Feb 02, 2021.

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The Hindu Editorial (Getting back on track) – Feb 02, 2021:

get back on track (phrase) – to return to the right direction (after a problem).
call for (phrasal verb) – require, publicly ask/necessitate, demand.
deft (adjective) – skillful, expert, experienced, proficient, efficient, impressive.
stewardship (noun) – it is a set of principles that forms the responsible planning and management of resources. Stewardship can be applied to the environment and nature, health, technology, economics and etc.
make use of (phrase) – utilize, avail oneself of, employ, work, operate, apply.
unprecedented (adjective) – not done or experienced before.
ensuing (adjective) – occurring, happening, taking place (after something or as a result of something).
setback (noun) – problem, difficulty, issue, complication.
livelihood (noun) – means of making a living with the basic necessities (food, water, shelter and clothing); means of support, subsistence, source of income.
put something back (phrase) – restore, return to its place.
on track (phrase) – on course, on schedule, on target.
fiscal (adjective) – financial.
fiscal stimulus (noun) – an attempt by a government by measures normally involving increased public spending and lower taxation, aimed at giving a positive jolt to economic activity.
undergird (verb) – provide support, bolster, reinforce/strengthen.
pandemic-hit (adjective) – affected by pandemic.
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.
transformative (adjective) – life-changing, forward-thinking, progressive.
live up to (phrasal verb) – satisfy, fulfil, achieve, meet.
heightened (adjective) – intensified, increased, enhanced.
weary (adjective) – tiring, exhausting, fatiguing, stressful; tired of, fed up with, sick, jaded.
manna (noun) – an unexpected benefit, a sudden benefit, an excessive benefit.
address (verb) – tackle, deal with, attend to, try to sort out.
chronic (adjective) – persistent, long-standing, long-term.
underinvestment (noun) – insufficient investment.
public health (noun) – the branch of medicine handling public health; public health is also the science of protecting and improving the health of people and their communities through education, policy making and research for disease and injury prevention.
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.
appreciably (adverb) – considerably, substantially, significantly.
outlay (noun) – expenditure, expenses, spending.
earmark (verb) – designate, reserve, set aside.
fiscal (year) (noun) – financial year.
well-being (noun) – healthy state/condition.
set aside (phrasal verb) – put aside, reserve, earmark.
vaccination (noun) – treatment with a vaccine to protect against a particular disease; immunization.
budget (verb) – allocate, allot, assign, earmark.
sanitation (noun) – it generally refers to the provision of facilities and services for the safe disposal of human urine and faeces (Courtesy: WHO).
Finance Commission, India (noun) – A finance commission is set up every five years by the President of India under Article 280 of the Constitution. Its main function is to recommend how the Union government should share taxes levied by it with the states.
grant (noun) – allocation, allotment.
inarguable (adjective) – unarguable, indisputable, unquestionable, undebatable.
vaccine (noun) – a biological preparation that improves immunity to a particular disease.
universal access (noun) – universal access is creating equal access to opportunity for all community members by reducing barriers.
nutrition (noun) – the process in which necessary food is received/obtained by the living things to grow and be healthy.
abiding (adjective) – enduring, lasting, persisting, unending.
thrust (noun) – force, drive, momentum, push, pressure.
sizeably (adverb) – substantially, considerably, largely, significantly.
standalone (adjective) – independent, self-contained, separate, unconnected, unattached.
Economic Survey (noun) – Economic Survey, presented in the Parliament ahead of the Union Budget, is the Ministry of Finance’s flagship document. The Economic Survey detailed information about the Indian economy over the past year. The Economic Survey also offers glimpses into the current state of the economy, and occasional insights into the economic outlook. Although the Constitution does not bind (impose a legal obligation on) the government to present the Economic Survey, over the years, it has become common practice for every government to present the Economic Survey before the Union Budget.
eloquently (adverb) – expressively, revealingly, significantly, indicatively.
reason (verb) – calculate, reckon, think, consider, judge.
means (noun) – method, way, mode.
economic burden (of illness/disease) (noun) – cost-of-illness, the economic impact that illness/disease has on society as well as on individuals and families.
to one’s credit (phrase) – used to mention that someone deserves praise/admiration.
PM Atma Nirbhar Swasth Bharat Yojana scheme (noun) – a new centrally sponsored scheme to develop primary, secondary, and tertiary care capacities in health care systems over the next six years, at an estimated cost of ₹64,180 crore.
tertiary (adjective) – higher-level, higher; (tertiary institution means higher-level educational institution like college/university).
tertiary care/hospital (noun) – highly specialized medical care.
pan out (phrasal verb) – turn out, result, come out, develop.
in terms of (phrase) – with regard to, regarding/concerning, in connection with.
beleaguered (adjective) – hard-pressed, troubled, suffering; under pressure, under stress.
far-flung (adjective) – distant, far away, remote.
unforeseen (adjective) – unpredicted, unexpected, unanticipated.
sizeable (adjective) – substantial, considerable, significant.
reinvigorate (verb) – revive, bring back; fortify, strengthen.
consumption demand (noun) – the demand for goods and services by individuals and households in the economy.
go a long way (phrase) – achieve great success; to be helpful for a significant amount of time.
fiscal deficit (noun) – the difference between total expenditure and total income of the government.
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 service.
on account of (phrase) – because of, owing to, due to, by virtue of.
surge (verb) – rise or increase suddenly.
opt (verb) – choose, select, decide on.
point to (verb) – indicate, suggest, denote.
government capital expenditure (noun) – the money spent by the government on the development of machinery, equipment, building, health facilities, education, etc.
contend (verb) – assert, claim, profess, affirm, state, declare.
far from (phrase) – not, not at all, nowhere near.
expansionary (adjective) – (of an action) planned to cause economic expansion.
so as to do something (phrase) – in order to do something.
rein in (phrasal verb) – to control, restrain, restrict, limit someone/something.
premature (adjective) – untimely, early, too soon/too early; ill-timed, hasty.
scale down (phrasal verb) – reduce, lower, decrease.
inequality (noun) – Inequality is simply defined as “the state of not being equal, especially in status, rights and opportunities; imbalance, unevenness, disproportion, disparity.
strapped (adjective) – impoverished, deprived, penurious, poverty-stricken.
in the wake of (phrase) – as a result of some event, especially an unpleasant one; in the aftermath of, as a consequence of, on account of, because of, owing to.
contraction (noun) – In economics, it refers to a decline in national output as measured by gross domestic product; economic decline (recession).
dent (verb) – diminish, reduce, lessen, weaken, undermine.
receipts (noun) – proceeds, money received, payment received, turnover.
set out (phrasal verb) – present, describe, set forth.
avenue (noun) – way, method, direction, approach.
mobilisation (noun) – the act of bringing forces/people/resources together for a particular cause.
resolve (noun) – determination, willpower, firmness, resolution, courage.
strategic (adjective) – relating to achieving long-term or overall goals.
stake sale (noun) – a company selling its equity holding in a particular company to another company.
state-owned (adjective) – government-owned.
account for (phrasal verb) – constitute, comprise, form, represent.
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.
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.
insurer (noun) – an entity which provides insurance is known as an insurer or insurance company.
legislative (adjective) – Relating to a legislature (state assembly/government).
enable (verb) – allow, facilitate.
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.
throw open (phrase) – make available, make accessible.
open the door (phrase) – create opportunities, create chances.
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.
the Insurance Act, 1938 (noun) – a law originally passed in 1938 in British India to regulate the insurance sector. It provides the broad legal framework within which the industry operates.
eager (adjective) – keen, enthusiastic, interested.
overseas (adjective) – foreign.
given (preposition) – considering, taking into account, bearing in mind.
safeguard (noun) – protection, shield, defence, safety measure.
mandate (verb) – make mandatory/necessary; require.
personnel (noun) – force, staff, employees, workforce.
general reserve (noun) – the amount kept aside from the profit earned by the company during its normal course of the operation to meet future needs.
on the block (phrase) – for sale at auction.
concession (noun) – compromise, adjustment, modification; allowance, exception.
undertaking (noun) – enterprise, business, operation, company.
monetise (verb) – earn money, generate revenue.
National Infrastructure Pipeline (NIP) (noun) – a group of social and economic infrastructure projects in India over a period of five years with an initial sanctioned amount of ₹102 lakh crore. The pipeline was first made public by the Prime Minister of India during his 2019 Independence Day speech.
monetisation (noun) – In general, it is the process of converting something (e.g. an asset) into money.
aggressive (adjective) – assertive, forceful, insistent, vigorous.
stance (noun) – point of view, opinion, standpoint.
privatisation (noun) – transfer of a business, industry, academic institutions or service from public to private ownership and control.
notwithstanding (conjunction) – although, in spite of the fact that, despite the fact that, even though.
uphill (adjective) – arduous, difficult, hard/tough, taxing, demanding.
ambitious (adjective) – formidable, challenging, demanding; aspiring.
anaemic (adjective) – feeble, weak, poor.
embark on (phrasal verb) – start, begin, initiate/commence.
pile (noun) – lot, great amount, large amount, large quantity of something.
sour/bad loans (noun) – non-performing assets (NPAs), stressed assets/loans; an account where principal and/or interest remains overdue for a period of time.
Asset Reconstruction Company (ARC) (noun) – a specialized financial institution that buys the NPAs or bad assets from banks and financial institutions so that the latter can clean up their balance sheets.
Asset Management Company (AMC) (noun) – a firm that invests a pooled fund of capital on behalf of its clients. The capital is used to fund different investments in various asset classes. Asset management companies are commonly referred to as money managers or money management firms as well.
consolidate (verb) – bring together, combine, unite, merge, integrate.
take over (phrasal verb) – assume control of, take control of, assume responsibility for.
stressed (adjective) – (of a sector) distressed, troubled, suffering (in debt).
debt (noun) – liability, financial obligation, borrowed capital.
undertake (verb) – launch into, begin, start; engage in, become involved in, take part in.
recapitalise (verb) – provide more capital to change a company’s capital structure substantially, especially by replacing debt with stock.
mobilise (verb) – bring (resources) into use for a particular purpose/cause.
tweak (verb) – adjust, modify, alter.
tap (verb) – make use of, put to use, use, utilize, open up.
end up (phrasal verb) – come/appear, find oneself (to a particular course of action in the end).
net (verb) – earn, make, get, gain, obtain.
liabilities (noun) – financial obligation, debt, indebtedness, debit.