In the nick of time – The Hindu (Jan 18, 2017)

In the nick of time – The Hindu (Jan 18, 2017)

The Goods and Services Tax Council has made some breakthroughs on outstanding negotiables that were holding up the introduction of the indirect tax regime. For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Word List-2:

1. in the nick of time (phrase) – just in time, at the critical moment, at the last moment.
2. breakthrough (noun) – advance, development; progress.
3. outstanding (adjective) – unfinished, incomplete, pending/ongoing.
4. negotiable (noun) – open/subject to discussion, flexible, open to modification.
5. hold something up (phrasal verb) – delay, block, obstruct.
6. compromise (noun) – agreement, understanding, settlement.
7. subsume (verb) – include, encompass, embrace.
8. myriad (adjective) – innumerable, countless, infinite.
9. give up on (phrasal verb) – to stop trying to do something; to stop having faith in something.
10. administer (verb) – manage, direct, control.
11. assessee (noun) – something/someone that is assessed.
12. leeway (noun) – freedom of action, scope/ licence, elbow room.
13. strike a deal (verb) – reach, achieve, agree to (something – an agreement).
14. inevitable (adjective) – unavoidable, unpreventable; necessary.
15. lay something to rest (phrase) – to end something.
16. rollout (noun) – official launch/introduction.
17. tinker (verb) – try to improve, play around with.
18. stimulus (noun) – impetus, boost, incentive.
19. flurry (noun) – a series of things happening suddenly at the same period; spate, cascade.
20. opportune (adjective) – favourable, advantageous, right.
21. gear up (phrasal verb) – get ready, prepare, arrange things.
22. minutiae (noun) – details, niceties/finer points, particulars.
23. finesse (noun) – tactfulness, delicacy, discretion.
24. penal (adjective) – disciplinary, punitive, corrective.
25. anti-profiteering (adjective) – relating to a clause which acts against a person who makes excessive profit illegally.
26. envisage (verb) – foresee, predict, forecast.
27. exponential (adjective) – (of an increase) to become rapid.
28. scuttle (verb) – hurry, hasten, rush.
29. inspector raj (noun) – excessive regulation/supervision by government.
30. Tax terrorism (noun) – the aggressive attitude of the government to collect higher taxes (by retrospective amendments to the tax laws & other stringent measures) was termed as tax terrorism.
31. worthwhile (adjective) – valuable, helpful, useful.
32. fortnight (noun) – a period of two weeks.

Note:

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