The Hindu Editorial (A transient high) – May 04, 2021

India’s GST regime could not have hoped for a better start to its fifth year. Revenues from the tax hit an all-time high of ₹1,41,384 crore in April, surpassing the previous month’s record of about ₹1.24 lakh crore. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (A transient high) – May 04, 2021.

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The Hindu Editorial (A transient high) – May 04, 2021:

transient (adjective) – temporary, short-term or impermanent.
inflow (noun) – a flow of a large amount of something to a particular place.
heartening (adjective) – encouraging, cheering, promising, gratifying.
lie ahead (phrasal verb) – be going to happen.
regime (noun) – system, arrangement, apparatus, mechanism.
hit (verb) – reach, attain, touch (a level).
surpass (verb) – be greater than, exceed.
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.
uptick (noun) – a small increase or upward trend.
in tandem (phrase) – alongside each other.
sustained (adjective) – continuous, steady, constant.
bolster (verb) – strengthen, support, reinforce/buttress.
heightened (adjective) – intensified, increased, enhanced, augmented.
spectre (noun) – threat, menace, danger/peril.
impending (adjective) – imminent, close at hand, about to happen, approaching, nearing/coming.
in anticipation (noun) – with the expectation of something occurring.
moreover (adverb) – besides, furthermore, in addition.
remit (verb) – send, forward, transmit (money).
tighten (verb) – make stricter, make more rigorous, make more stringent, stiffen, toughen.
compliance (noun) – conformity, observance, observation, accordance, adherence.
pro-active (adjective) – aggressive, intense.
evade (verb) – avoid, dodge, elude, escape.
liabilities (noun) – financial obligation, debt, indebtedness, debit.
play a part/role (phrase) – contribute to, be instrumental in, be a factor in.
dip (verb) – decrease, fall/drop, slump.
mere (adjective) – just, only, nothing more than.
grind to a halt (phrase) – (referring to an activity in a situation) becomes inactive slowly and then stops completely.
amidst (preposition) – amid, in the middle of; during.
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.
so far (phrase) – until now, up to the present, up to this point.
go by (phrasal verb) – follow, observe something.
impose (verb) – force, thrust, inflict (an unwelcome decision).
supply chain (noun) – a network between a company and its suppliers to produce and distribute a specific product to the final buyer.
weakening (adjective) – reducing, decreasing, lessening.
trigger (verb) – cause, prompt, bring about.
recalibration (noun) – reevaluation, reassessment, reorganization/revamp.
kick in (phrasal verb) – come into operation, come into effect.
indicator (noun) – measure, signal, sign.
plummet (verb) – plunge, drop, nosedive, hurtle.
shutdown (noun) – closure of a (complete) system; closing down, winding up.
inventory (noun) – stock of a business; the goods and materials that a business holds in stock.
build-up (noun) – increase/accumulation, expansion, enlargement.
Wall of Worry (noun) – It is a report by CRISIL about Covid-19 and its impact on economic activity in India.
CRISIL (noun) – an Indian analytical company providing ratings, research, and risk and policy advisory services and is a subsidiary of American company S&P Global.
slide (verb) – fall, descend, decline.
fell past of fall (verb) – decrease, decline, diminish, lessen.
in a row (phrase) – consecutively, in succession.
IHS Markit (noun) – it is a global leader in information, analytics and solutions for the major industries and markets that drive economies worldwide. It partners with clients in business, finance and government to help them see the big picture with unrivaled insights that lead to well-informed, confident decisions.
surge (noun) – sudden increase or rise of something.
desperate (adjective) – serious, risky, critical, acute; urgent, pressing, compelling.
infrastructure (noun) – the basic physical or organisational structure for something (to function properly).
pitch (verb) – make an attempt (to get something).
stringent (adjective) – strict, severe, extreme, rigorous.
foolhardy (adjective) – reckless, incautious, careless.
robust (adjective) – strong, powerful.
get a grip on (phrase) – take control of a situation.
vaccination (noun) – treatment with a vaccine to protect against a particular disease; immunization.
convene (verb) – summon, call/get together, assemble, gather.
add to (phrasal verb) – increase, amplify, escalate, intensify.
rationalisation (noun) – systematisation, formalisation.
slab (noun) – category.
rejig (noun) – reorganization, rearrangement, alteration.
prickly (adjective) – problematic/troublesome, sensitive, difficult.
gear up (phrasal verb) – get ready, prepare, equip (oneself) for something.
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.
cannot afford/can ill afford (phrase) – if you cannot afford to do something, you must prevent it from happening because it would be embarrassing and cause problems (if it happens).
face-off (noun) – conflict, clash.
upend (verb) – to affect/damage something completely/drastically.
spirit (noun) – real/true meaning, intention, essence.
federalism/federal framework/system (noun) – a system of government in which establishments such as states or provinces share power with a national government.