For more equity – The Hindu (Feb 06 2018)

For more equity – The Hindu (Feb 06 2018)

The Centre’s decision to bring back the long-term capital gains tax (LTCG) on equities, which was scrapped in 2004-05, seems to be a hasty move to plug the widening fiscal deficit ahead of an election year. For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Word List-1 (To Improve English Vocabulary)

1. equity (noun) – value, net worth; owned capital. shares/stocks (with no fixed interest).
2. long term capital gains tax (LTCG) (noun) – the tax paid on profit generated by an asset such as real estate, shares or share-oriented products held for a particular time-frame.
3. indexation (noun) – linking regular income or payments, such as salaries and taxes, to the consumer or retail price index so that the amounts are adjusted for changes in the inflation rate.
4. scrap (verb) – abandon, cancel, abolish (a plan/policy).
5. hasty (noun) – hurried; rash/reckless, unthinking.
6. plug (noun) – stop, block, end.
7. fiscal deficit (noun) – the difference between total expenditure and total income of the government.
8. sell-off (noun) – selling of something (commodity/share) which causes fall in price.
9. indices – plural of index (noun) – measure; guide, indication.
10. erosion (noun) – destruction, deterioration, spoiling/weakening.
11. level the playing field (phrase) – a concept about fairness and equal chance for everyone to succeed in a situation.
12. distortionary (adjective) – misrepresenting, twisting, misreporting/misleading.
13. differential (noun) – difference, gap, variation.
14. in lieu of (noun) – instead, as an alternative, as a substitute.
15. intra-day (adjective) – happening within a day.
16. double whammy (noun) – (two fold) problem, difficulty, issue/setback.
17. privilege (verb) – favour, champion, advocate; to give a higher value.
18. peer (noun) – someone/something as equal, match, rival to the one.
19. roll-back (noun) – reduction, cut/decrease, trimming.
20. accrue (verb) – arise, accumulate, grow/increase.
21. set-off (noun) – a condition of adjusting/compensating an amount against another accounts.
22. tough love (noun) – a kind of policy which is formulated to reduce benefits for people.
23. well off (noun) – rich, wealthy, affluent person.

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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