Pursuit of growth – The Hindu (Oct 26, 2017)

Pursuit of growth – The Hindu (Oct 26, 2017)

The Centre’s decision to infuse ₹2.11 lakh crore of fresh capital into public sector banks over the next two years, through a blend of financial mechanisms, should help revive the growth momentum.. For further reading, visit “The Hindu”.

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Word List-1 (To Improve English Vocabulary)

1. pursuit (noun) – aspiration for, quest for, search for.
2. recapitalisation (noun) – it is a type of corporate reorganization involving substantial change in a company’s capital structure, especially by replacing debt with stock.
3. infuse (verb) – introduce, inject, add.
4. blend (noun) – mixture, mix, combination.
5. revive (verb) – reintroduce, re-establish, restore.
6. saddle with (verb) – burden, hamper; inflict something on.
7. stressed asset (noun) – an account where principal and/or interest remains overdue for a period of time; non-performing asset (NPA).
8. wary (adjective) – distrustful, doubtful, sceptical.
9. be seized of (verb) – be aware or informed of.
10. overleveraged (adjective) – relating to a firm which has taken on too much debt.
11. bankruptcy (noun) – insolvency, liquidation, failure/financial ruin.
12. invoke (verb) – cite, refer to; cause.
13. elusive (adjective) – difficult to catch/find; slippery.
14. haircut (noun) – a reduction in the mentioned value of an asset.
15. write-off (noun) – eliminate a bad debt from the account.
16. residual (adjective) – remaining, leftover; surplus, extra.
17. scale up (phrasal verb) – increase.
18. peer (noun) – someone/something as equal, match, rival to the one.
19. fiscal deficit (noun) – the difference between total expenditure and total income of the government.
20. stagger (verb) – spread, space out, overlap.
21. at a clip (phrase) – at a time; all at once.
22. haul (noun) – distance.
23. adjunct (noun) – supplement, addition, extra.
24. overdrive (noun) – a state of excessive activity.

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. Use it with the corresponding article published on the source (website) via the link provided. 

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