A fine balance – The Hindu (Nov 21, 2017)

A fine balance – The Hindu (Nov 21, 2017)

Over four months into the troubled implementation of the goods and services tax, the Centre has operationalised a provision in the GST law that has been worrying industry. For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Word List-1 (To Improve English Vocabulary)

1. anti-profiteering (adjective) – relating to a clause which acts against a person who makes excessive profit illegally.
2. harassment (noun) – persecution, aggressive intimidation, persistent annoyance.
3. empower (verb) – authorize, allow, entitle.
4. crack down (phrasal verb) – get tough on, take severe action against, eliminate/eradicate/abolish.
5. undue benefit (noun) – the benefit of reduced tax incidence on goods or services or both passed on to the final consumers.
6. errant (adjective) – offending, lawbreaking, erring.
7. construe (verb) – interpret, understand, analyse.
8. bureaucracy (noun) – red tape, rules and regulations, protocol.
9. vet (verb) – screen, assess, evaluate/examine.
10. prima facie (adverb/adjective) – something (first impression) considered as right until proved.
11. ascertain (verb) – confirm, verify, discover/find out.
12. discretionary (adjective) – optional, non-compulsory/non-mandatory, voluntary.
13. rent-seeking (noun) – a behaviour which does not create economic gains for society, instead it helps a company/organisation/individual using their resources to get economic gain.
14. inscribe (verb) – write, carve, mark.
15. inventory (noun) – unsold stock; an unsold supply of a product that are stored in a place.
16. exemplary (adjective) – flawless/faultless, impeccable/consummate.
17. fall in line with (phrase) – conform (tally with) with others.
18. the heat (noun) – intensive and unwelcome pressure or criticism.
19. play out (phrasal verb) – turn out, work out, conclude/end.
20. unnerve (verb) –  discourage, dishearten, frighten.
21. cue (noun) –  hint, indication, sign/signal.
22. indiscriminately (adverb) – aimlessly, unsystematically; carelessly.
23. cartel (noun) – a group of manufacturers/businesses fixing a high price to avoid  competition and to make more money.
24. transparently (adverb) – in a honest manner; openly, directly/visibly.
25. at stake (phrase) – at risk/issue or in question.
26. run the risk (phrase) – subject/expose oneself to the chances of something bad happening.

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. 

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