Shifting goal posts – The Hindu (Sep 01, 2017)

Shifting goal posts – The Hindu (Sep 01, 2017)

On November 8, 2016, when Prime Minister Narendra Modi announced to the nation that ₹500 and ₹1,000 currency notes would cease to be legal tender from midnight, For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Word List-1 (To Improve English Vocabulary)

1. profess (verb) – declare/announce, proclaim/claim, assert.
2. cease (verb) –  stop, terminate, bring to an end.
3. legal tender (noun) – cash, money.
4. unequivocal (adjective) – unambiguous, unmistakable, indisputable.
5. hoard (verb) – accumulate/amass, store up, stockpile.
6. premise (noun) – proposition, assumption, belief/thought.
7. punitive (adjective) – disciplinary, corrective; harsh/severe.
8. scrap (verb) – abandon, cancel, abolish (a plan/policy).
9. liability (noun) – hindrance, burden, inconvenience.
10. windfall (noun) – bonanza, a large amount of money received unexpectedly, jackpot.
11. dividend (noun) – benefit, advantage, gain.
12. extinguish (verb) –  cancel, wipe out, remove (debt).
13. liability (noun) – financial obligation, debt, indebtedness.
14. piffling (adjective) – trivial, insufficient/unimportant; negligible.
15. confiscation (noun) – seizure, taking away, appropriation.
16. disingenuous (adjective) – dishonest, deceitful, double-dealing.
17. rationale (noun) – reason/basis; principle; motivation.
18. stop-go (adjective) – used to explain the plan of first restricting and then encouraging economic activity and growth.
19. in the wake of (phrase) – aftermath, as a consequence of, as a result of.
20. fathom (verb) – understand, comprehend, perceive.
21. amnesty scheme (noun) – a scheme by which black money holders can declare their black income and pay income tax only without any penalties.
22. dissuade (verb) – discourage, deter, prevent/divert.
23. spin-off (noun) – outcome, result, by-product.
24. foster (verb) – encourage, promote, support.
25. self-defeating (adjective) – futile, pointless.
26. launder (verb) – hide the origins of (money obtained illegally) by transferring it through foreign banks/legal businesses.
27. rob (verb) – deprive/strip of someone; deny.
28. bestow (verb) – give, present/award, grant.

Note:  

1. Click each one en.oxforddictionaries.com/…ition/foremostof 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. Use it with the corresponding article published on the source (website) via the link provided. 

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