The Hindu Editorial (GST buoyancy) – Jan 03, 2023

At almost ₹1.5 lakh crore, Goods and Services Tax (GST) inflows in December 2022 signal a recovery of sorts from November, when revenues fell to a three-month low. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (GST buoyancy) – Jan 03, 2023.

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The Hindu Editorial (GST buoyancy) – Jan 03, 2023:

buoyancy (noun) – high level of activity, growth, development, progress, improvement, vigour/strength.
signal (verb) – indicate, suggest, signify, denote, reveal.
fervour (noun) – intense feeling, excitement, enthusiasm, passion, spirit.
inflow (noun) – a flow of a large amount of something (e.g. money) to a particular place.
of sorts (phrase) – used to describe something resembles something else, or fulfills its function, but isn’t really that thing.
fall (verb) – decrease, drop, slump.
mark (verb) – indicate, signify, represent, denote.
reflect (verb) – indicate, show, display, demonstrate.
year-on-year (adjective) – year over year (for comparison).
uptick (noun) – a small increase or upward trend.
kitty (noun) – a sum of something (money/things) made up of small contributions.
regime (noun) – system.
noteworthy (adjective) – worthy of mention, significant, important, noticeable, interesting.
undertake (verb) – begin, start, embark on, commence.
fatigue (noun) – tiredness, weariness, exhaustion.
occasion (noun) – time, moment, point, juncture, situation.
reconciliation (noun) – the action of making something (financial accounts) consistent & compatible; harmonization
stocking up (noun) – the act of buying a large quantity of something; accumulation, amassing, collection, stockpiling, amassment.
inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
bolster (verb) – strengthen, support, make stronger, reinforce, buttress.
tenable (adjective) – defensible, justifiable, defendable, supportable, sustainable, acceptable.
headline (adjective) – relating to a rate of inflation based on the consumer price index (CPI).
headline inflation (noun) – it is a measure of the total inflation within an economy, including commodities such as food and energy prices.
core inflation (noun) – it is a measure of the total inflation within an economy, excluding commodities such as food and energy prices (which change frequently).
dip (verb) – decrease, fall/drop, slump.
flat (adjective) – even, uniform, consistent.
sequentially (adverb) – in succession, successively, continuously.
far (adverb) – much, considerably, markedly, noticeably.
nudge (verb) – push gently, move gradually.
nudge (up) (phrasal verb) – push something gently or gradually or slightly in an upward direction.
play a role (phrase) – contribute to, be instrumental in, be a factor in.
so far (phrase) – until now, up to the present, up to this point.
core sector/industries (noun) – the eight industries comprising electricity, steel, refinery products, crude oil, coal, cement, natural gas and fertilizers are classified as core sector industries.
rebound (verb) – recover, rally, bounce back, pick up, make a recovery, make a comeback (in value of something after decline).
mere (adjective) – just, only, minimal.
tank (verb) – fail, collapse, tumble/plunge, decline (in value rapidly).
alarming (adjective) – frightening, intimidating,, warning.
hold up (phrasal verb) – delay, prevent, obstruct, impede, hinder, hamper, inhibit.
South & North Block (noun) – South Block is a metonym of the Prime Minister’s Office. North Block is a metonym of the Ministry of Finance, India. (The Secretariat Building (consists North & South Block) or Central Secretariat is where the Cabinet Secretariat is housed, which administers the Government of India. The South Block houses the Prime Minister’s Office, Ministry of Defence, and the Ministry of External Affairs). The North Block primarily houses the Ministry of Finance and the Home Ministry). (Metonym is used as an alternative for something else with which it is closely related/associated).
mandarin (noun) – a powerful officer, public/government servant, office-bearer, civil servant.
lap (noun) – stage, part, phase.
curate (verb) – select, organize, and present.
print (noun) – mark, impression, record.
work out (phrasal verb) – devise, formulate, draw up, prepare.
fiscal (adjective) – financial.
glide path (noun) – a serious of actions performed steadily to achieve a result.
aspiration (noun) – ambition, hope, goal.
lift up (phrasal verb) – increase, raise.
intake (noun) – supply; consumption.
room (noun) – scope, chance, leeway, freedom, latitude, opportunity (for something to happen).
complacency (noun) – carelessness, laziness, laxity; self-satisfaction, smugness, self-regard.
slackening (adjective) – decrease, reduction, diminishing, lessening.
headwinds (noun) – (in business) situations or conditions that make growth harder/difficult. Whereas tailwinds describe a situation or condition that will move growth, revenues, or profits higher.
drag down (phrasal verb) – to bring something to a lower level (in quality/amount); diminish, decrease.
GST Council (noun) – a federal body (established under article 279A of the Constitution) that aims to bring together states and the Centre on a common platform for the nationwide rollout of the indirect tax reform.
briefly (adverb) – in short, in a nutshell, in essence.
hanging (adjective) – undecided, unsettled, unresolved.
convene (verb) – conduct, organise, arrange, hold.
sustain (verb) – maintain, continue, carry on, support, prop up, bolster up, retain.
rake in (phrasal verb) – earn, get, obtain, acquire, make (a lot of something, i.e. money).
rationalised (adjective) – reorganized, simplified, streamlined, honed; making more efficient.
ambit (noun) – purview, limit, remit, range, scope, extent.