The Hindu Editorial (An incomplete reform) – Jul 05, 2023

Editorial Words

1 year ago

The Hindu Editorial (An incomplete reform) – Jul 05, 2023

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The Hindu Editorial (An incomplete reform) – Jul 05, 2023:

regime (noun) – system, arrangement, scheme, policy, method, mechanism.
tryst (noun) – session, meeting, engagement.
fanfare (noun) – publicity, media attention, sensationalism, splendour, display/show.
mark (verb) – remember, observe, recognize, acknowledge; indicate, signify, represent.
occasion (noun) – a particular event.
emphasise (verb) – underline underscore, highlight, stress, call/draw attention to.
move towards (something) (phrasal verb) – to change from a particular situation/condition to another; to advance, gravitate or progress in the direction of something.
unified market (noun) – the economic term for a single market where goods, services, capital and people can move freely without regard to national/state boundaries.
mandate (verb) – instruct, direct, order, require, necessitate, make necessary, make something mandatory.
inter- (prefix) – between.
mark (verb) – indicate, signify, represent.
bottleneck (noun) – a condition which appears as not solvable and so delays the process; setback, problem, issue, snag, difficulty.
bottlenecked (adjective) – jammed, congested, obstructed, constricted, blocked.
add to (phrasal verb) – increase, escalate, exacerbate, intensify, heighten.
logistics (noun) – the process of coordinating and moving/transporting resources (people, materials, goods, inventory and equipment) from the point of origin to the point of destination.
subtract (verb) – remove, deduct, take away.
demonetisation (noun) – the act of depriving a currency unit (note/coin) of its status as money.
shock (noun) – disturbance causing volatility/uncertainty in an economy.
informal economy (noun) – informal sector, grey economy is the part of an economy that is neither taxed, nor monitored by any form of government.
sort out (phrasal verb) – deal with something successfully; resolve (a problem/difficulty).
e-invoice (noun) – e-Invoice is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal. Under the electronic invoicing system, an identification number will be issued against every invoice by the Invoice Registration Portal (IRP) to be managed by the GST Network (GSTN).
ostensible (adjective) – alleged, supposed, so-called, claimed, professed, reported.
pushback (noun) – resistance, opposition, negative reaction , unfavourable response.
embrace (verb) – adopt, accept, endorse, approve, take up.
crackdown (noun) – clampdown, getting tough/severe measures, elimination, eradication.
deploy (verb) – use, utilize, employ, exploit, make use of, take advantage of.
tax evader (noun) – a person who illegally avoids paying tax.
outlier (noun) – a person/thing detached from the main group.
fall in line (phrase) – obey, follow, adhere to, abide by, conform to/with, come to heel.
tighten (verb) – make stricter, make more rigorous, make more stringent, stiffen, toughen.
compliance (noun) – adherence, observance, conformity.
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.
post- (prefix) – after in time.
rebound (noun) – recovery, revival, rallying, picking up, coming back (in value of something after decline).
underwhelming (adjective) – unsatisfactory, not exciting, disappointing.
as of (phrase) – used to mention the time or date from which something begins.
GST Council (noun) – a federal body (established under article 279A of the Constitution) that aims to bring together states and the Centre on a common platform for the nationwide rollout of the indirect tax reform.
rationalise (verb) – modernise, streamline, make more efficient, hone, simplify, reorganize.
unwieldy (adjective) – cumbersome, unmanageable, badly organized (administration/government system).
inflow (noun) – a flow of a large amount of something (e.g. money/tax) to a particular place.
existence (noun) – actuality, continuance, continuation.
lift (verb) – increase, raise, boost, pick up.
quarter (noun) – a period of three months (considered as one-fourth of a year).
kitty (noun) – a sum of something (money/things) made up of small contributions.
buoyancy (noun) – high level of activity, growth, development, progress, improvement, vigour/strength.
blip (noun) – a minor, temporary change in something normal; a sudden, brief deviation from a regular trend.
consumption (noun) – the act of using resources to satisfy current needs and wants.
falter (verb) – lose strength, lose momentum, to stop making progress; to stop being successful.
amid (preposition) – in the middle of, surrounded by; during.
bode well/ill (verb) – augur, indicate, portend (a good/bad outcome).
fiscal capacity (noun) – fiscal capacity is a measure of the potential ability of a particular government to generate revenue from their own sources (in order to provide public goods and carry out other functions).
compensation (noun) – payment, repayment, settlement (for loss/damage).
cess (noun) – a form of tax charged/levied over and above the base tax liability of a taxpayer. A cess is usually imposed additionally when the state or the central government looks to raise funds for specific purposes.
levy (noun) – imposition, charging, collection (of a tax, fee, fine).
tenure (noun) – period, time.
transitory (adjective) – brief, short, short-term, temporary, momentary.
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.
resolution (noun) – solution, answer.
pain point (noun) – pain spot; a continuing/persistent problem.
appellate (adjective) – (of a court) dealing with cases on appeal to review the decision of a lower court.
tribunal (noun) – panel, committee (set up to resolve some disputes particularly).
road map (noun) – plan/strategy to do something successfully.
in sight (phrase) – near at hand; near/close (to be achieved/realized).
rationalisation (noun) – systematisation, formalisation, rationale, justification.
exercise (noun) – activity, work.
constrict (verb) – limit, restrain, constrain, tighten, contract, shrink.
to-do list (noun) – agenda, line-up, list of items.
expeditiously (adverb) – instantly, promptly, immediately, suddenly, quickly; swiftly.