The Hindu Editorial (Keep it simple) – June 29, 2023

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The Hindu Editorial (Keep it simple) – June 29, 2023:

Keep it simple (phrase) – to make something easy to understand/do; do something in a simplest way.
Employees’ Provident Fund Organisation (EPFO) (noun) – The Employees Provident Fund Organisation (EPFO) is a statuary body which assists Central Board in administering compulsory contributory Provident Fund Scheme, Pension Scheme and Insurance Scheme for the workforce engaged in the organised sector in India. EPFO is one of the World’s largest Social Security Organisations in terms of clientele and the volume of financial transactions undertaken.
Employees’ Provident Fund (EPF) (noun) – it is technically known as EPS stands for Employees’ Pension Scheme. It is a retirement savings scheme in which employees of an organisation contribute a small portion of their basic pay monthly. In the same line, the employer also contributes a similar amount on their behalf towards the scheme. For a vast number of the salaried, the employee provident fund (EPF) is the only social security net they have.
avail (verb) – make use of, use, utilize, avail oneself of, take advantage of.
move (noun) – step, action, act, measure.
exercise (verb) – utilize, use, make use of, put to use.
outcome (noun) – result, consequence, aftermath, effect.
pertain to (verb) – concern, relate to, be connected with.
applicant (noun) – candidate, claimant.
so far (phrase) – until now, up to the present, up to this point.
rule out (phrasal verb) – prevent, exclude, eliminate, dismiss, reject, disregard.
disbursal (noun) – the act of paying out or disbursing/spending money.
meet (verb) – fulfil (terms and conditions); comply with, conform to.
oversee (verb) – supervise, be in charge of, be responsible for, look after.
Parliamentary Standing Committee/Parliamentary panel (noun) – it is a committee (consisting of Members of Parliament) constituted usually on an annual basis to enable detailed consideration/discussion on all bills (all proposed laws).
implications (noun) – consequence/outcome, ramification, repercussion.
verdict (noun) – judgement, decision, finding.
factor in (phrasal verb) – include something (as a relevant element).
Budget Estimates (BE) (noun) – amount of money allocated in the Budget to any ministry or scheme for the coming financial year.
matter/issue of concern (phrase) – something which causes worry.
lack of (noun) – absence, deficiency, scarcity.
consent (noun) – approval, acceptance, agreement, assent, concurrence.
substantial (adjective) – considerable, large, significant.
Provident Fund (PF) (noun) – a government-managed savings scheme, where you invest your money and benefit from the accumulated interest over time. Salaried employees get this lump sum amount once they retire or exit from employment.
keen (adjective) – eager, wishing, ready; enthusiastic about, interested in, passionate about.
backdrop (noun) – situation, scenario, context.
arrears (noun) – dues, outstanding payment, amount due, money owing.
retiree (noun) – a person who has retired from employment.
authorities (noun) – officials, officialdom, the people in charge, the bureaucracy.
commence (verb) – begin, start, undertake.
scrutiny (noun) – examination, inspection, investigation.
herculean (adjective) – arduous, laborious, strenuous, difficult, formidable, hard, tough.
establishment (noun) – firm, company, enterprise, venture.
establish (verb) – prove, certify, validate, verify, confirm.
authenticity (noun) – originality, factuality, trustworthiness.
way out (phrase) – solution.
given (preposition) – considering, taking into account, bearing in mind.
spirit (noun) – real/true meaning, essence, true intention, substance.
social security (noun) – Social security is the protection that a society/government provides to individuals and households to ensure access to health care and to guarantee income security, particularly in cases of old age, unemployment, sickness, invalidity, work injury, maternity or loss of a breadwinner; welfare, government/state benefit, public assistance
proactive (adjective) – farsighted, forehanded, forward-looking, careful/prudent.
deserving (adjective) – worthy, meritorious, righteous.