On the ledger – The Hindu (Jan 03, 2018)

On the ledger – The Hindu (Jan 03, 2018)

Eight months into the financial year, or until end November, the Union government’s fiscal deficit — the amount by which its expenditure exceeds revenue — had already…… For further reading, visit “The Hindu”.

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Word List-2 (To Improve English Vocabulary)

1. ledger (noun) – account book.
2. fiscal consolidation (noun) – efforts/steps/strategies of the government to reduce the fiscal deficit and public debt.
3. underline (verb) – emphasize, highlight, underscore.
4. fiscal deficit (noun) – the difference between total expenditure and total income of the government.
5. overshoot (verb) – exceed, be more than, overreach (a financial target).
6. insight (noun) – understanding, realization, recognition.
7. disconcerting (adjective) – unsettling, disturbing, embarrassing.
8. fiscal slippage (noun) – the missing fiscal targets in the country’s budget.
9. apportion (verb) – share out, divide out, allocate/distribute.
10. underwhelming (adjective) – unsatisfactory, inadequate, insufficient.
11. sluggishness (noun) – dullness, slowness, stagnation.
12. one-off (noun) – something happening only once.
13. transitional (adjective) – provisional, interim, temporary.
14. square up (phrasal verb) – face, tackle, deal with (difficulty).
15. garner (verb) – gather, collect, accumulate.
16. recapitalisation (noun) – it is a type of corporate reorganization involving substantial change in a company’s capital structure, especially by replacing debt with stock.
17. bolster (verb) – strengthen, support, reinforce.
18. scale back (phrasal verb) – reduce, lessen, decrease.
19. sovereign (noun) – independent/self-governing; effective, powerful.
20. complacency (noun) – self-satisfaction, self-admiration; carelessness/laziness.
21. reiterate (verb) – repeat, say again, restate.
22. inflationary (adjective) – tending to cause monetary inflation. inflation (noun) – increase of price level of goods & services & vice versa decrease of currency value.
23. fiscal gap (noun) – a measure of a government’s total indebtedness.
24. traction (noun) – an idea or a product gains popularity/acceptance.
25. footing (noun) – foothold, grip/anchorage, secure position.

Note:   

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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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