The Hindu Editorial (Staying the course) – Dec 07, 2024

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The Hindu Editorial (​Staying the course) – Dec 07, 2024:

1. stay the course (phrase) – continue doing something in spite of difficulties; to continue doing something till the end even though it is tough/challenging; work hard till the end to accomplish the task.
2. inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
3. central bank (noun) – the banking regulator of a county’s banking system. (e.g. The Reserve Bank of India (RBI) is the central bank of India).
4. amid (preposition) – in the middle of, surrounded by; during.
5. rate cut (noun) – a decision by a central bank (like RBI in India) to reduce its main interest rate to the banks (like SBI, ICICI & etc in India) when these commercial banks get money from the central bank. Once this rate goes down, the banks are in a position to give loans at lower interest rates to individuals and the industry.
6. clamour (noun) – protest, complaint, outcry/commotion.
7. monetary policy (noun) – monetary policy refers to the use of monetary instruments under the control of the central bank to regulate magnitudes such as interest rates, money supply, and availability of credit with a view to achieving the ultimate objective of economic policy mentioned in the Reserve Bank of India Act, 1934.
8. The monetary policy committee (MPC) (noun) – it is a six-member panel that is expected to bring “value and transparency” to rate-setting decisions. It will feature three members from the RBI — the Governor, a Deputy Governor and another official — and three independent members to be selected by the Government. The MPC will meet four times a year to decide on monetary policy by a majority vote.
9. bi-monthly (adjective) – it means “once every two months” and it also means “twice a month”.
10. status quo (noun) – the present situation, the current state, the existing state of affairs.
11. benchmark (noun) – standard, base/basis, point of reference, criterion, ideal.
12. benchmark interest rate (noun) – a minimal/minimum interest rate set and published by commercial banks for accumulating interest on different credit types.
13. consecutive (adjective) – successive, continuous, straight, in a row.
14. emphasise (verb) – highlight, underscore, underline, accentuate, point up, call attention to, focus attention on.
15. last mile (noun) – last stage/phase/step in a process, particularly of a customer buying goods.
16. disinflation (noun) – decrease in the rate of inflation.
17. turn out (phrasal verb) – happen, occur, come about, transpire, emerge, become known. 
18. prolonged (adjective) – lengthy, extended, protracted, unending, unrelenting.
19. arduous (adjective) – difficult, hard/tough, taxing, demanding, onerous, laborious, back-breaking.
20. Retail or Consumer Price Index (CPI) inflation (noun) – The change in the price index of the basket of consumer goods and services over a period of time is referred to as CPI-based inflation or retail inflation.
21. Wholesale or Wholesale price Index (WPI) inflation (noun) – The change in the price index of the basket of wholesale goods (and no services) over a period of time is referred to as WPI-based inflation or wholesale inflation.
22. median (adjective) – average, mean.
23. spike (verb) – rise/increase sharply.
24. price pinch (noun) – an economic term that refers to a situation where small changes in supply and demand can cause large changes in the price of a product or commodity
25. hold (verb) – remain unchanged; continue without changing, carry on, keep up. 
26. well-poised (adjective) – completely composed, self-assured, well-balanced.
27. poise (noun) – balance, equilibrium, control. 
28. shatter (verb) – spoil, ruin, wipe out, destroy.
29. ground shifting (noun) – to change position/opinion in a situation.
30. surge (verb) – rise or increase suddenly.
31. deleterious (adjective) – damaging, adverse, disadvantageous, unfavourable, unfortunate, undesirable. 
32. quarter (noun) – a period of three months (considered as one-fourth of a year).
33. compound (verb) – increase, intensify, heighten, complicate, aggravate, worsen, exacerbate.
34. mix (noun) – confusion, mismatch, mess, jumble.
35. 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.
36. sought past tense of seek (verb) – try, aim, attempt.
37. paint (verb) – portray, render, represent, depict.
38. blip (noun) – a minor, temporary change in something normal; a sudden, brief deviation from a regular trend.
39. transient (adjective) – temporary, short-term or impermanent.
40. rather than (phrase) – instead of.
41. enduring (adjective) – lasting, long-lasting, continuing; long-standing.
42. slowdown (noun) – economic decline, recession, slump/depression.
43. call for (phrasal verb) – require, publicly ask/necessitate, demand.
44. Mint Street (noun) – Reserve Bank of India is often known as Mint Street.
45. GDP print (noun) – the GDP data available in published form.
46. perhaps (adverb) – maybe, possibly, conceivably.
47. acknowledge (verb) – accept, recognize, realize.
48. near-term (adjective) – short-term.
49. outcome (noun) – conclusion, development, result, aftermath, consequence, implication.
50. adverse (adjective) – dangerous, harmful, detrimental, unhealthy; unfavourable, disadvantageous, bad.
51. effectively (adverb) – practically, virtually, actually, almost.
52. scotch (verb) – put an end to, bring to an end.
53. look through (phrasal verb) – examine, check, inspect, analyze, check out, take stock of.
54. food inflation (noun) – the condition of an increase in the wholesale price index of a necessary food item relative to the general index or the consumer price index (CPI) is referred to as food inflation. In layman’s language, it is basically the rise in the cost of an essential food item relative to the previous price.
55. bound by (adjective) – constrained by, answerable to, liable to, accountable to, under the control of.
56. lay down (phrasal verb) – formulate, stipulate, prescribe, specify, order, announce, determine.
57. headline inflation (noun) – it is a measure of the total inflation within an economy, including commodities such as food and energy prices. 
58. 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).
59. address (verb) – tackle, deal with, attend to, try to sort out.
60. mandate (noun) – instruction, directive, direction.
61. price stability (noun) – no (drastic) change in the price of goods and services in an economy over a period of time. It implies avoiding both prolonged inflation and deflation.
62. persistently (adverb) – continuously, constantly, relentlessly.
63. cramp (adjective) – hinder, impede, inhibit, hamper, constrain, thwart, obstruct, restrict, confine, limit.
64. household (noun) – family, house.
65. point out (phrasal verb) – identify, indicate, specify, mention, refer to.
66. trajectory (noun) – track/course, route, path, direction, approach.
67. warrant (verb) – necessitate, justify, validate, call for, deserve, be worthy of.
68. percentage point (noun) – the difference between two percentages is termed as percentage point. (for example: “Interest Rates Jump From 10% to 12%”. In this case, the interest rate increased by “2 percentage points” or you can say that the interest rate is increased by 20%).
69. tangibly (adjective) – really, actually, palpably, noticeably, visibly,.
70. impulse (noun) – encouragement, spur, fillip, motivation.
71. in the short run (phrase) – for a short period of time.
72. cooling (noun) – reducing, lessening, decreasing, declining.
73. downgraded (verb) – lowered, reduced, demoted, minimized.
74. projection (noun) – prediction, indication, forecast, prognosis, speculation, calculation (of future events or trends).
75. optimistic (adjective) – reassuring, favourable, encouraging, promising, hopeful.
76. cool (verb) – reduce, lessen, diminish, decrease.
77. roll back (phrasal verb) – reverse, cancel, repeal/rescind.
78. edible oil (noun) – cooking oil; fat of plant, animal or microbial origin, which is liquid at room temperature and is suitable for food use.
79. spur (verb) – stimulate, encourage, prompt, galvanize.
80. hasten (verb) – expedite, precipitate, push, accelerate, step up, speed up.

Note : 

1. Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc. from http://www.oxforddictionaries.com/.

2. 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 purposes only and they may vary in a different context.  

3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.

The Hindu Editorial ​(​Staying the course) – Dec 07, 2024: