The Hindu Editorial (Transmission troubles) – Jun 21, 2018

The RBI continues to remain unable to influence the effective lending rates in the economy. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Transmission troubles) – Jun 21, 2018.

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Today’s word list-1 for The Hindu Editorial (Transmission troubles) – Jun 21, 2018: 

1. foot (verb) – pay, pay out, settle up.
2. statement of intent (noun) – someone’s goal (likely to be achieved in the future).
3. monetary transmission (noun) – it refers to the process by which a central bank’s monetary policy decisions are passed on, through financial markets, to businesses and households. In short, It is the pass-through of the RBI’s rate actions to the economy at large.
4. base rate (noun) – the minimum rate of interest at which banks offer loan to their customers.
5. marginal cost of funds-based lending rate (MLCR) (noun) – Starting April 2016, the marginal cost of funds-based lending rate (MCLR), which replaced the erstwhile base rate. It was introduced by the Reserve Bank to provide loans on minimal rates as well as market rate fluctuation benefit to customers.
6. scrap (verb) – abandon, cancel, abolish.
7. harmonise (verb) – coordinate,  integrate, systematize/make compatible.
8. rely on (Verb) – depend on, count on, bank on.
9. equate (verb) – equalize, balance, tally.
10. reluctance (noun) – unwillingness, disinclination, lack of interest.
11. non-performing assets (NPAs) (noun) – bad loans, toxic/ troubled assets;stressed assets/loans; an account where principal and/or interest remains overdue for a period of time.
12. flak (noun) – strong criticism, censure, disapproval.
13. sway (verb) – affect, control, influence.
14. take a hit on (phrase) – to suffer loss.
15. rollover (noun) – the extension/transfer of a financial arrangement.
16. sunset clauses (noun) – sunset clauses (rules or laws) are ones which cancel rules or laws that were made in the past.
17. Benchmark Prime Lending Rate (BPLR) (noun) – Benchmark prime lending rate (BPLR) was used as the benchmark rate before the base rate was introduced (in 2010). It is the rate that commercial banks used to charge from premium customers.
18. revive (verb) – revitalize, restore/renew, strengthen.
19. impasse (noun) – deadlock, stalemate, stand-off.

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 purpose only and they may vary in 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.

Today’s word list-1 for The Hindu Editorial (Transmission troubles) – Jun 21, 2018:

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