The Hindu Editorial (Welcome bounty) – May 25, 2024

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The Hindu Editorial (Welcome bounty) – May 25, 2024:

welcome (adjective) – pleasing, agreeable, favourable, promising, much needed.
bounty (noun) – money, reward, handout.
surplus (noun) – excess.
a shot in the arm (phrase) – (figuratively) boost, fillip, stimulus, impetus, encouragement; (literally) an injection of medical drugs.
payout (noun) – payment.
dividend (noun) – benefit, advantage, reward, gain; share, portion, percentage.
receipts (noun) – proceeds, profits, earnings, returns, income, revenue, gain, yield, turn over.
pencil in (phrasal verb) – arrange something for time being (yet to be confirmed); to put something that may be changed later on a schedule, list, etc.
interim (adjective) – provisional, temporary, short-term, transitional.
bit (noun) – a small amount of something.
elbow room (noun) – scope, room to manoeuvre, leeway/margin, latitude.
fiscal (adjective) – relating to government money or public money, especially taxes; financial, monetary.
fiscal math (noun) – the application of mathematical methods to financial problems.
fiscal policy (noun) – in simple terms, it is an estimate of taxation and government spending that impacts the economy.
surge (noun) – sudden increase or rise of something.
reflect (verb) – indicate, show, display, communicate, represent.
prudent (adjective) – wise, sensible, far-sighted.
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).
lingering (adjective) – lengthy, extended, continuing, unending, unrelenting, long-drawn-out, prolonged, persisting, protracted.
uncertainty (noun) – unpredictability, unreliability, riskiness/precariousness.
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.
tighten (verb) – make stricter, make more rigorous, make more stringent.
tightening (noun) – an act of making something stricter/rigorous.
seek (verb) – try, aim, attempt.
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.
specifics (noun) – (precise) details, niceties, subtleties, (finer) points, particulars.
balance sheet (noun) – the financial statement of a company which includes assets, liabilities, equity capital, total debt, etc. at a point in time; account book.
substantial (adjective) – considerable, significant, large.
holding (noun) – the financial assets in the portfolio of an investor or company.
securities (noun) – a range of investments (like shares, holdings, equities, bonds).
securities (noun) – investments, shares, holdings, equities, bonds; securities (shares) of a company formally admitted to the trading platform of the (Stock) Exchange.
intervention (noun) – involvement, interference.
Foreign exchange (Forex or FX) (noun) – the conversion of one currency into another at a specific rate known as the foreign exchange rate. The conversion rates for almost all currencies are constantly floating as they are driven by the market forces of supply and demand.
smoothen (verb) – deal successfully with; settle, resolve, rectify, sort out.
volatility (noun) – unpredictability, instability, unreliability.
move (noun) – movement, activity.
swell (verb) – increase, rise, expand, enlarge.
supplement (noun) – a separate section added to a press release, communication, publication; magazine section.
Foreign exchange reserves (noun) – Foreign exchange reserves are the amounts of assets /money in foreign currencies that a country has in its central bank (in India, it is Reserve bank of India).
over the course of (phrase) – in the process of; during the process of.
prudence (noun) – cautiousness, carefulness, wariness, circumspection; good judgement/management.
provisioning (noun) – (in Banking) it means that the bank sets aside a prescribed amount of money from their profit to compensate for probable loss.
Contingent Risk Buffer (CRB) (noun) – it is a specific provision fund kept by the central bank primarily to be used during any unexpected and unforeseen contingencies (or) funds kept aside for unexpected risks by the RBI.
set aside (phrasal verb) – keep, reserve, earmark, withhold, save, reserve, put aside.
unforeseen (adjective) – unpredicted, unexpected, unanticipated.
contingency (noun) – a possible event or circumstance, happening, occurrence of a possible incident but not guaranteed/certain to happen/occur.
basis point (BPS) (noun) – a unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument. One basis point is equivalent to 0.01% (1/100th of a percent). Used for measuring change in interest rate/yield.
buffer (noun) – protection, cushion, shielding, defence.
development (noun) – incident, event, occurrence, happening, phenomenon, situation, turn of events,.
assume (verb) – accept, take up, take over, take possession of, lay claim to.
ongoing (adjective) – current, existing, continuing.
bountiful (adjective) – abundant, plentiful, ample.
capital spending/capital expenditure (CAPEX) (noun) – the money spent on the acquisition of assets like land, buildings, machinery, equipment, as well as investment in shares.
private consumption or consumption expenditure (noun) – the spending by households (consumers) on goods and services, excluding new housing.
in search of (phrase) – trying to find something; looing for.
sustained (adjective) – continuous, constant, steady, perpetual.
tailwinds (noun) – (in business) situations or conditions that move growth, revenues, or profits higher.
headwinds (noun) – (in business) situations or conditions that make growth harder/difficult.
bonanza (noun) – windfall, jackpot, unexpected fortune/gain; a lot of money that you win or get unexpectedly.
bridge the gulf/gap (phrase) – try to find a way to reduce the gap and bring the two separate viewpoints together.
fiscal consolidation (noun) – it is a reduction in the underlying (basic) fiscal deficit and public debt.
road map (noun) – plan/strategy to do something successfully.
pave (verb) – facilitate, make easy, clear (the way for), create a situation to do something,
pave the way for (phrase) – clear the way for, make preparations for, put things in order for.
resilience (noun) – the ability to bounce back quickly from difficulties; strength of character, strength, toughness, buoyancy, adaptability.