The Hindu Editorial (A blip) – Jul 09, 2021

Entering its fifth year, India’s Goods and Services Tax (GST) system reported a blip in revenue collections for June, breaking an eight-month streak of over ₹1-lakh crore in tax receipts. For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (A blip) – Jul 09, 2021.

To read this article, click here.

This preview is provided here with permission.

Courtesy: The Hindu

The Hindu Editorial (A blip) – Jul 09, 2021:

blip (noun) – a small/very short & temporary deviation (from normality/trend).
inflict (verb) – cause, impose, exact, wreak.
cost (noun) – loss, suffering, drawback, disadvantage.
lockdown (noun) – an emergency protocol implemented by the authorities that prevents people from leaving from a place; An extended state of confinement/encirclement/isolation of a person by the authority.
streak (noun) – period, time, spell, stretch.
receipts (noun) – proceeds, money/payment received, income, revenue, earnings, turnover.
tank (verb) – fail, collapse, tumble/plunge, decline (in value rapidly).
a tad (adverb) – rather, quite, fairly, moderately.
relatively (adverb) – comparatively, proportionately, somewhat, to a certain extent/degree.
tepid (adjective) – unenthusiastic, uninterested, lukewarm.
reflect (verb) – indicate, show, display, demonstrate.
pandemic (noun) – the worldwide spread of a new disease; The illness spreads around the world and typically affects a large number of people across a wide area.
flourish (noun) – a period of thriving/developing/growing; development, growth, advancement.
rigorous (adjective) – strict, severe, stern, stringent.
compliance (noun) – conformity, observance, observation, accordance, adherence.
attributable to (adjective) – considered as an outcome/result caused by.
gross (adjective) – total, full, entire, complete.
kitty (noun) – a sum of something (money/things) made up of small contributions.
fell past of fall (verb) – decrease, decline, reduce, lessen.
sequential (adjective) – continuous, consecutive.
steep (adjective) – sudden, sharp, rapid.
case load (noun) – the number of cases to be handled by a doctor at one time.
pull back (phrasal verb) – withdraw, retreat, pull out, draw back, restore.
pick up (phrasal verb) – improve, get better, recover, progress.
slowdown (noun) – decline, slump, downturn (in economic activity).
drive (verb) – propel, urge, prompt; push, force.
setback (noun) – problem, difficulty, issue.
shake up (phrasal verb) – weaken, undermine, damage, impair.
sentiment (noun) – attitude, thought, view, opinion.
the new normal (phrase) – an earlier unusual situation that becomes a standard now.
perhaps (adverb) – maybe, possibly.
sustain (verb) – continue, carry on, keep up, maintain, bolster up.
resurgence (noun) – reoccurrence/recurrence, reappearance, reemergence.
vaccination (noun) – treatment with a vaccine to protect against a particular disease; immunization.
ramp up (phrasal verb) – increase (in amount or number).
fiscal (adjective) – financial.
breathing room (noun) – breathing space/time; buffer time, period of rest, respite.
sit back (phrasal verb) – relax, lie back, unwind.
structural (adjective) – organizational, configurational, formational; basic/fundamental.
regime (noun) – system.
seek (verb) – ask for, request; try to obtain.
rate cut (noun) – reduction in the interest rate.
spur (verb) – motivate, stimulate, encourage, galvanize.
plausible (adjective) – probable, possible; believable, conceivable.
pick-up (noun) – improvement, advancement, betterment.
make up for (phrasal verb) – offset, counterbalance, counterweigh.
resultant (adjective) – resulting, ensuing, consequent.
uptick (noun) – a small increase or upward trend.
consumption (noun) – the use of goods and services by households.
room (noun) – scope, opportunity, chance (for something to happen).
revenue neutrality (noun) – any revenue loss from tax cuts must be offset by revenue gains either from tax increases, broadening the tax base, closing loopholes, or eliminating deductions or from additional revenue that flows into the treasury from economic growth as a result of tax cuts.
take up (phrasal verb) – accept, say yes to, agree to, accede to, adopt.
prod (verb) – spur, stimulate, prompt, drive.
rebound (noun) – recovery (after a decline).
brewing (adjective) – developing, looming, impending, fuming, simmering, smouldering (of something bad/unpleasant situation).
compensation (noun) – payment, repayment, settlement (for loss/damage).
GST Compensation (noun) – Under the GST law (In India), state governments are guaranteed full compensation for any revenue loss for the first five years after the introduction of the goods and services tax (GST) in July 2017. The compensation is a gap between actual revenue collected and projected revenue.
foster (verb) – encourage, promote, develop.
misgivings (noun) – doubt, suspicion, distrust, apprehension.
back-to-back (adjective) – consecutive, successive, continuous.
in lieu (phrase) – as an alternative, as a substitute, as a replacement.
dues (noun) – payment (which is (long) pending).
viable (adjective) – reasonable, practical, logical, sensible, effective.