The Hindu Editorial (Losing steam) – Jul 10, 2019

Many investors who were hoping for business-friendly reforms were not too impressed by the maiden Budget of the second Narendra Modi government. For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (Losing steam) – Jul 10, 2019.

To read this article, click here.

This preview is provided here with permission.

Courtesy: The Hindu

Today’s word list-2 for The Hindu Editorial (Losing steam) – Jul 10, 2019:

steam (noun) – energy, momentum, impetus.
populism (noun) – related to policies that supposedly represent the opinions of ordinary people (Courtesy: VOA Learning English).
moderate (adjective) – average, modest, ordinary.
incur (verb) – suffer, experience, become subject to.
shed (verb) – drop, lose, throw out/jettison.
worst-hit (adjective) – affected severely.
spook (verb) – frighten, panic, make afraid/nervous.
tax burden (noun) – tax incidence/burden falls on the public.
foreign portfolio investor (noun) – Investors investing in financial assets, such as shares, government bonds, corporate bonds, convertible securities, infrastructure securities etc in a foreign country.
buyback (noun) – (share) repurchase, re-acquisition.
weigh on (phrasal verb) – burden, trouble, bother/beset; be burdensome to.
rate cut (noun) – a decision by a central bank (RBI) to reduce its main interest rate to the banks (like SBI, ICICI & etc in India) when these commercial banks get money from the central bank (like RBI in India). Once this rate goes down, the banks are in a position to give loans at lower interest rates to individuals and the industry.
Federal Reserve (US) (noun) – the central banking system of the United States (The Reserve Bank of India (RBI) is India’s central banking institution).
systemic (adjective) – constructional, organizational.
tilt (noun) – inclination,nod, attempt on.
revive (verb) – energize, strengthen, fortify.
regressive (adjective) – retrograde, retrogressive, unprogressive/negative.
angel tax (noun) – a tax that is levied on the funding received by startups from an external investor. The 30% tax is levied when startups receive angel funding at a valuation higher than its ‘fair market value’.
bereft of (adjective) – deprived of/stripped of; lacking, deficient in.
instil (verb) – inculcate, inspire, infuse.
trajectory (noun) – course, route, path.
push through (phrasal verb) – succeed in passing a law/reforms accepted by the people who oppose it.
liquidity (noun) – a measure of activity (i.e. the ability to buy or sell easily) in a market.
lacklustre (adjective) – dull, uninspired/uninteresting, mundane.
lofty (adjective) – noble, high, worthy.