The Hindu Editorial (Money, money, money) – Aug 31, 2018

The Reserve Bank of India’s annual report for 2017-18 reveals that 99.3% of currency notes that were demonetised at midnight on November 8, 2016 have returned to the banking system. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Money, money, money) – Aug 31, 2018.

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Today’s word list-1 for The Hindu Editorial (Money, money, money) – Aug 31, 2018: 

1. own up (phrasal verb) – confess, admit to, accept responsibility/blame.
2. fiasco (noun) – a complete failure, disaster; flop.
3. wrinkle (noun) – difficulty, snag, obstacle/drawback.
4. provisional (adjective) – interim/transitional, temporary, tentative.
5. crystal clear (noun) – obvious, evident, apparent/transparent.
6. chunk of (noun) – a significant amount of.
7. belie (verb) – misrepresent, falsify; fail to fulfil, justify.
8. non-starter (noun) – failure, fiasco, catastrophe/mess.
9. sheer (adjective)  – utter, complete, out and out.
10. logistical (adjective) – relating to organization and planning.
11. penalise (verb) – punish, discipline, deal with.
12. amnesty scheme (noun) – a scheme by which black money holders can declare their black income and pay income tax only without any penalties.
13. legal_tender (noun) – hard cash, ready money.
14. fallout (noun) – adverse results; repercussions, after-effects.
15. knock out (phrasal verb) – remove, destroy, eliminate.
16. disruption (noun) – disturbance, obstruction, confusion.
17. nevertheless (adverb) – in spite of that, nonetheless,  however.
18. spurt (noun) – a sudden burst, increase of activity.
19. counterfeit (verb) – fake, falsify, forge.
20. informal sector (noun) – informal economy, grey economy is the part of an economy that is neither taxed, nor monitored by any form of government.
21. bulwark (noun) – protector, guard, supporter.
22. slowdown (noun) – economic decline, depression, recession.
23. surge (verb) – (suddenly) increase, rise, grow.
24. disown (verb) – abandon, reject, avoid/relinquish.
25. sidestep (verb) – avoid, evade/dodge, escape.
26. parliamentary scrutiny (noun) – the close & careful examination and investigation (of government policies, actions and its spending).
27. departure (noun) – discrepancy, deviation, mistake.
28. denomination (noun) – value, unit, grade.
29. preceding (adjective) – previous, prior, earlier.
30. heed (verb) – pay attention to, notice, consider.
31. yield (verb) – provide, give, produce.
32. objective (noun) – intention, purpose, target/aim.

Note:   

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/.

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. 

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Today’s word list-1 for The Hindu Editorial (Money, money, money) – Aug 31, 2018:

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