Today’s “Word of the Day” is “red tape” and it is a noun meaning “excessive official rules/procedures which seem complicated or unnecessary and prevent/delay action or decision-making; (excessive) official procedure, official routine, rule, regulation, protocol”.
Example Sentence: Yes. We have been hearing about getting red tape out of the way for 30 years, but instead of getting it out of the way, I think it’s just piling on. Ease of doing business is a major issue. It’s clear that if the government doesn’t get its act together domestically, including the institutions, it’s not going to get any kind of investment — foreign investment or domestic. That’s going to be a huge problem.
This word is present in The Hindu article Is protectionism compatible with liberalisation? and click here to read it.
Courtesy: The Hindu
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