The Hindu Editorial (A slim stimulus) – Oct 14, 2020

Finance Minister Nirmala Sitharaman’s fresh set of measures, on Monday, to spur consumer demand and capital expenditure… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (A slim stimulus) – Oct 14, 2020.

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Today’s word list-1 for The Hindu Editorial (A slim stimulus) – Oct 14, 2020:

slim (adjective) – very small.
stimulus (noun) – impetus, boost, incentive, fillip.
spur (verb) – motivate, stimulate, encourage, urge, galvanize.
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.
loosen the purse strings (phrase) – to increase the spending of money.
measure (noun) – course of action, action, step, procedure.
consumer demand (noun) – the willingness and ability of consumers to purchase a quantity of products in a given period of time, or at a given point in time.
capital spending/capital expenditure (CAPEX) (noun) – the money spent on the acquisition of assets like land, buildings, machinery, equipment, as well as investment in shares.
designed (adjective) – planned (in detail for a particular purpose).
tweak (noun) – (fine/minute) adjustment, modification, alteration, change.
Leave Travel Concession (LTC) (noun) – Leave Travel Concession (LTC) is granted to Central Government employees for travel to various parts of the country and home as well. The number of home travel visits allowed are two. This is made available every four years. One of the hometown visits can be substituted with an “All India visit”, if needed.
reckoning (noun) – opinion, view, estimation.
spurt (noun) – sudden increase, rise, surge.
prop up (phrasal verb) – support, assist, help someone/something from the decline.
ailing (adjective) – failing, in poor condition, weak, poor.
slip (verb) – decline, drop, worsen, fall.
clamour (noun) – protest, complaint, outcry/commotion.
bleak (adjective) – unpromising, unfavourable, disadvantageous.
exchequer (noun) – funds/resources/finances, treasury, coffers.
Gross domestic product (GDP) (noun) – a measure of economic activity in a country. It is the total value of a country’s annual output of goods and service.
fiscal (adjective) – financial.
persuasive (adjective) – convincing, effective, compelling, forceful.
envisage (verb) – foresee, predict, forecast, anticipate, expect.
enhance (verb) – increase, raise, intensify.
extant (adjective) – present, existent, existing.
laudable (adjective) – praiseworthy, commendable, admirable.
get something going (phrase) – start, initiate, initialize, set in motion.
plague (verb) – afflict, worry, trouble.
pay off (phrasal verb) – pay a debt in full.
dues (noun) – payment, contribution (which is (long) pending).
on offer (phrase) – available.
set aside (phrasal verb) – earmark, withhold; save, reserve, put aside.
Atmanirbhar Bharat Abhiyan (or) Self-reliant India Mission (noun) – the special economic package totaling Rs 20 lakh crore by the Indian government to tide over the Covid-19 crisis and it would focus on land, labour, liquidity and laws. It would benefit labourers, farmers, honest tax payers, MSMEs and cottage industry. This economic package would be around the 10 per cent of India’s GDP.
in order to (phrase) – with the purpose/aim of.
leeway (noun) – freedom, scope/flexibility, latitude/elbow room.
pervade (verb) – fill, spread through; be present throughout.
push (noun) – drive, initiative, campaign.
perk (noun) – a benefit (perquisite/bonus/gratuity/reward/extra) someone gets from the job (apart from regular wages/salary).
avail (verb) – use, utilize, take advantage of (an opportunity/resources).
due to (phrase) – because of, owing to, on account of, as a result of.
nudge (noun) – push, prod, encouragement.
prescriptive (adjective) – limiting, narrow, binding, enforceable; insistent, dogmatic.
overlook (verb) – miss, fail to notice, leave unnoticed.
reluctance (noun) – unwillingness, disinclination, hesitation.
discretionary (adjective) – optional, voluntary, non-mandatory, non-compulsory.
visibility (noun) – clarity.
prospects (noun) – possibilities, potential, expectations, outlook.
quiver (noun) – (figuratively) a number of resources or strategies; Literally, quiver is an archer’s portable case for holding arrows.
expedite (verb) – accelerate, hasten, speed up, quicken.
conjure (verb) – bring to mind, call to mind, call up, evoke; suggest.
trickle down (phrasal verb) – pass on benefits to the people at the bottom of the pyramid (by those at top of the system).
intact (adjective) – unspoiled, unimpaired, undamaged.
International Monetary Fund (IMF) (noun) – an international organization of 189 countries, headquartered in Washington, D.C., working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
urge (verb) – advise, recommend, advocate, suggest.
fiscal discipline (noun) – the ability of government to balance revenues and expenditures.
(sovereign credit) rating (noun) – it is an evaluation made by a credit rating agency and evaluates the credit worthiness of the issuer (country or government) of debt.
(credit) rating agency (CRA) (noun) – a credit rating agency is an entity which assesses the ability and willingness of the issuer company for timely payment of interest and principal on a debt instrument.(Courtesy: www.sebi.gov.in)
downgrade (noun) – reduction (in status/rank/importance); downward.
underlying (adjective) – fundamental, basic, primary.
edifice (noun) – a (complex) system/structure.
crumble (verb) – disintegrate, collapse, break down, fragment.
inevitable (adjective) – unavoidable, unpreventable.