Rebooting disinvestment – The Hindu (Jan 20, 2017)

Rebooting disinvestment – The Hindu (Jan 20, 2017)

To gain some perspective on the Centre’s decision to divest 25% of its stake in five public sector general insurers, consider these numbers. For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Word List-1:

1. reboot (verb) –  reintroduce, re-establish, restore.
2. disinvestment (noun) – the process of reducing capital investments.
3. perspective (noun) – outlook, viewpoint/standpoint, position; true understanding.
4. scrutiny (noun) – careful examination, observation, inspection.
5. underwriting loss (noun) – a loss of an insurance company on its insurance activities.
6. outlier (noun) –  it is an observation/data point that is distant/different in value from other observation/data points.
7. transparency (noun) – clarity, clearness, unambiguity.
8. accountability (noun) – responsibility, liability, answerability.
9. India nuclear (liability) insurance pool – A pool comprising of 12 companies (non-life insurers) formed to provide the risk transfer mechanism to the nuclear operators and nuclear suppliers to meet their obligations under the (Civil Liability of Nuclear Damage) CLND Act. This pool is formed to meet the requirement of huge financial cover in case of a mishap.
10. muscle (noun) – influence, power/force, strength.
11. wary (adjective) – cautious, careful; suspicious/dubious.
12. in principle (phrase) – in theory, theoretically, on paper.
13. symptomatic (adjective) – indicative, signalling, warning.
14. strategic sale (noun) – a sale of public sector firm in which control and a significant proportion of ownership (share) go to a private sector strategic partner/investor.
15. lethargy (noun) – sluggishness, inertia, inactivity.
16. sick (adjective) – relating to an organisation/system which is in severe difficulty.
17. political economy (noun) – the study/theory of the way an economy is organized in a particular country.
18. window  (noun) – opportunity, right moment, chance.
19. divestment (noun) – the process of selling off investments.
20. spearhead (verb) – lead, head; be in the forefront of.
21. steam (noun) – energy, stamina, impetus.

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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