The Hindu Editorial (A strategic pause) – Dec 06, 2019

After a breathless run of five consecutive rate cuts, beginning February, the Reserve Bank of India (RBI)… For further reading, visit “The Hindu”. Below is today’s word list-2 for The Hindu Editorial (A strategic pause)- Dec 06, 2019.

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Today’s word list-2 for The Hindu Editorial (A strategic pause) – Dec 06, 2019:

pause (noun) – break/interval, temporary stoppage, suspension.
hold (verb) – cause to stay at a certain level.
rate cut (noun) – a decision by a central bank (like RBI in India) to reduce its main interest rate to the banks (like SBI, ICICI & etc in India) when these commercial banks get money from the central bank. Once this rate goes down, the banks are in a position to give loans at lower interest rates to individuals and the industry.
catch one’s breath (phrase) – take rest after some exercise.
paramount (adjective) – most important; supreme, of prime importance.
inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
rear one’s head (phrase) – (of an unpleasant subject) present itself.
fiscal deficit (noun) – the difference between total expenditure and total income of the government.
glide path (noun) – trajectory, approach; a series of actions taken to get the expected result.
considerable (adjective) – substantial, significant, reasonable.
slippage (noun) – deficiency, shortage.
fiscal slippage (noun) – the missing fiscal targets in the country’s budget.
fiscal (noun) – financial year.
lag (noun) – one that lags (failing to keep up a desired pace).
percolate (verb) – spread, be disseminated, pass/go.
run the risk (phrase) – do something even if knowing something unpleasant/bad might happen.
blunt (verb) – weaken, reduce, make dull.
repo rate (noun) – it is the rate at which the central bank of a country (RBI in case of India) lends money to commercial banks in the event of any shortfall of funds.
down the line (phrase) – further, later, unspecified point.
The monetary policy committee (MPC) (noun) – it is a six-member panel that is expected to bring “value and transparency” to rate-setting decisions. It will feature three members from the RBI — the Governor, a Deputy Governor and another official — and three independent members to be selected by the Government. The MPC will meet four times a year to decide on monetary policy by a majority vote.
accommodative (adjective) – accommodating, cooperative, helpful.
ruffle feathers (phrase) – to cause someone to become very angry/upset, annoyed, irritated.
facilitate (adjective) – make easier, make possible, make smooth.
go out of one’s way (phrase) – make the effort, take the trouble, take the time.
dismal (adjective) – bad, poor, awful/terrible.
off the mark (phrase) – wrong, incorrect, inaccurate.
green shoot (noun) – a term used colloquially to indicate signs of economic recovery during an economic downturn.
rabi crops/sowing (noun) – winter crops; seeds sowing in the beginning (Nov) of the winter and harvesting at the end of the season (Apr) in the South Asia.
revival (noun) – restoration, bringing back, reintroduction.
capex (noun) – capital expenditure.
sanguine ( adjective) – optimistic, positive, hopeful.
spike (noun) – a sharp rise/increase of something.
kharif crops (noun) – monsoon crops; seeds sowing in the beginning (Jun) of the monsoon and harvesting at the end of the season (Oct) in the South Asia.
all things considered (phrase) – considering everything, all in all, on the whole.
steam (noun) – energy, momentum, impetus.