The Hindu Editorial (Export blocks) – May 29, 2020

Official trade data for April, released at the mid-point of the Finance Ministry’s five-tranche package to salvage the economy… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Export blocks) – May 29, 2020.

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Today’s word list-1 for The Hindu Editorial (Export blocks) – May 29, 2020

block (noun/verb) – obstruct, bar, barrier, check, hurdle.
amid (preposition) – in the middle of, surrounded by; 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.
miss out on (phrase) – omit, lose, neglect, leave out (an opportunity to take advantage of something).
on the back of (phrase) – as a result of, after/subsequent; in support of.
stimulus/relief package (noun) – an attempt by the government to boost economic growth and save their country from a financial crisis by involving tax cuts, lowering interest rates and increasing government spending.
tranche (noun) – part, section, portion (of something, particularly money).
salvage (verb) – save, recover, regain, restore.
in the throes of (phrase) – struggling with, grappling with, in the middle of.
pandemic-induced (adjective) – caused/produced by the pandemic.
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.
grimmest superlative adjective of grim (adjective) – severe, serious, distressing, upsetting, worrying.
merchandise (mass noun) – goods, commodities, produce.
contract (verb) – decrease, decline, reduce.
clock (verb) – register, record; achieve.
iron ore (noun) – rocks and minerals from which metallic iron can be economically extracted.
pharmaceutical (noun) – relating to the manufacture and sale of medicinal drugs.
thanks to (phrase) – because of, as a result of, due to.
dip (noun) – decrease, fall, drop, reduction.
spate (noun) – series, flurry; a large number of something (taking place at the same period).
dent (verb) – diminish, reduce, undermine.
global supply chain (noun) – a dynamic worldwide network when a company purchases or uses goods or services from overseas. It involves people, information, processes and resources involved in the production, handling and distribution of materials and finished products or providing a service to the customer.
free fall (noun) – sudden decline of something; relating to something declining rapidly.
in (its) totality (phrase) – as a whole, in its entirety.
forbearance (noun) – temporary postponement of (tax/debt) payments granted by the government/bank. It is to give taxpayers/customers extra time to make their tax/debt payments.
sop (noun) – a thing of little or no value (usually given to stop protests/complaints).
explicit (adjective) – clear, detailed, definite, categorical.
respite (noun) – breathing space; moratorium, postponement, suspension (of something (debt repayment) temporarily to give relief).
unveil (verb) – present, announce, disclose/make public.
measure (noun) – step, course of action, plan, procedure.
liquidity (noun) – the availability of liquid assets; liquidity means liquid assets; cash; (liquid asset is an asset which can be easily sold/converted into cash without losing its value); a measure of activity (i.e. the ability to buy or sell easily) in a market.
Exim Bank (noun) – Export-Import Bank of India (EXIM Bank) is a specialized financial institution, wholly owned by Government of India, set up in 1982, for financing, facilitating and promoting foreign trade of India.
inward remittance (noun) – money (payment) received into your bank account (either from another account within home country or from an account in another country typically).
outward remittance (noun) – money (payment) sent/transferred from your account (either to another account within home country or to an account in another country mostly).
disbursement (noun) – the act of paying out or disbursing money for a purpose, particularly to run a business.
repackage (verb) – give/provide something again in a new method.
run short of (phrase) – use up, run out; become depleted/exhausted.
prop up (phrasal verb) – support, assist, fund/finance.
bulwark (noun) – protector, guard, supporter.
liberalisation (noun) – removal or loosening of restrictions on something, typically an economic or political system.
-intensive (adjective/usually in combination) – (in business) concentrating on a particular thing.
unlikely (adjective) – not likely, improbable/doubtful, questionable.
slip (verb) – decline, drop, worsen, fall.
prognosis (noun) – forecast, prediction, projection.
murkier comparative adjective of murky (adjective) – questionable, suspicious, dubious,/mysterious.
add to (verb) – increase, magnify, intensify, amplify.
inward (adverb) – inside, towards the inside, within.
emphasis (noun) – importance, insistence, priority.
self-reliance (noun) – self-sufficiency, self-support, self-sustenance.
pitch (verb) – to attempt/try to persuade (people to do something); make a bid/try/attempt.
alternative investment (noun) – the purchase of tangible assets (e.g. commodities, real estate, infrastructure, etc). It does not fall into the traditional investment asset classes of cash, bonds or stocks (shares).
prompt (verb) – give rise to, bring about, cause, trigger.
hedge (verb) – safeguard, protect, shield, cover.
on the back foot (phrase) – in a defensive position, off balance, at a disadvantage.
kick in (phrasal verb) – come into effect.
revive (verb) – revitalize, regenerate, restore, bring back.
fillip (noun) – stimulus, boost, incentive.