The Hindu Editorial (Taxing clunkers) – Jan 27, 2021

The Centre’s proposed policy to raise road tax on vehicles of a certain age from April 1 next year has the potential to renew a big part of India’s vehicular fleet, reducing air pollution,… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Taxing clunkers) – Jan 27, 2021.

To read this article, click here.

This preview is provided here with permission.

Courtesy: The Hindu

The Hindu Editorial (Taxing clunkers) – Jan 27, 2021:

clunker (noun) – an old vehicle.
road tax (noun) – the tax levied on any vehicle before it is used in public on the road.
potential (noun) – possibility, potentiality.
fleet (noun) – a group of vehicles (owned by a company/organisation rather than by an individual or family and used for business purposes).
concession (noun) – reduction, discount, deduction.
hybrid (adjective) – composed/combined of different elements.
hybrid vehicle (noun) – a vehicle that utilizes more than one fuel sources or two or more different fuel sources to operate and to move the vehicle or a hybrid vehicle is a vehicle wherein the means of propulsion is by engine which is a combination of IC (internal combustion engine petrol/diesel) engine and an electric motor.
electric (noun) – an electric vehicle.
exempt (verb) – free from, not liable to, not subject to (an obligation).
on the cards (phrase) – likely, possible, expected, liable to happen, in the offing.
enforce (verb) – force, compel, demand, insist on.
Motor Vehicles Act, 1988 (noun) – an Act to consolidate and amend the law relating to motor vehicles.
we igh in (phrasal verb) – to have influence (in a decision/discussion/plan/argument/activity); be important to, carry weight, make an impression on, make a contribution to.
unlike (preposition) – different from, dissimilar to, not like, as opposed to, in contrast to.
recession (noun) – economic decline, slowdown, downturn, depression, slump.
rebate (noun) – allowance, reduction, discount, refund.
rely on (phrasal verb) – depend on; resort to, have recourse to.
penal (adjective) – disciplinary, punitive, corrective; punishable by law.
persuade (verb) – convince, influence, motivate.
scrap (verb) – discard, remove, dispense with, eliminate.
trade-in (noun) – exchange, swapping, cashing in.
disposal (noun) – throwing away, getting rid of, discarding.
safeguard (noun) – protection, shield, safety measure.
indeed (adverb) – in fact, actually, undeniably.
equity (noun) – value, worth, valuation. (Equity in a car is calculated by subtracting the amount you owe to the lender from the actual value of the car).
vetted (adjective) – assessed, evaluated, scrutinized, inspected.
on the lines of (phrase) – in conformity with.
stimulus (noun) – In economics, stimulus refers to attempts to use monetary or fiscal policy (or stabilization policy in general) to stimulate the economy; impetus, boost, incentive, fillip.
Jawaharlal Nehru National Urban Renewal Mission (JNNURM) (noun) – The Ministry of Urban Development, Government of India started the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) in the year 2005-06 to improve the Urban Infrastructure, Urban Governance and to provide basic services to the urban poor. The aim is to encourage reforms and fast track planned development of identified cities.
green (adjective) – environmentally friendly, non-polluting, ozone-friendly, energy-efficient, fuel-saving, low-carbon.
ideally (adverb) – in a perfect way.
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.
emphasis (noun) – importance, significance; priority, insistence.
scrappage (noun) – the action of disposing old/inoperative vehicles.
on the drawing board (phrase) – (of an idea, plan, or proposal) being thought about and not yet ready to execute/carry out.
envision (verb) – visualize, imagine, envisage, propose, think of.
scrap (noun as modifier) – leftovers, remains; waste, discarded matter.
formal/organised sector (noun) – formal economy; it is the part of an economy that is taxed and monitored by the government.
informal/unorganized sector (noun) – informal economy, grey economy; it is the part of an economy that is neither taxed, nor monitored by any form of government.
provision (noun) – preparations, plans, prearrangement, precautionary measures.
build in (phrasal verb) – incorporate, include, embody.
junk (noun as modifier) – discarded/useless things.
reflect (verb) – indicate, show, reveal, exhibit.
on the road (phrase) – (of a vehicle) in use; able to be driven.
moreover (adverb) – besides, furthermore, in addition.
entrepreneur (noun) – businessman, businesswoman, business person.
lack (verb) – be without, be in need of, require, be short of.
transition (noun) – change.
guzzler (noun) – a vehicle (e.g. car) that consumes large amounts of fuels very quickly.
gestation (period) (noun) – development, formation (period).
operationalise (verb) – put into use.
toxic (adjective) – fatal, deadly; harmful, dangerous.