The Hindu Editorial (Mind the gap) – Dec 31, 2018

Eight months into the financial year, the Centre’s fiscal deficit has already overshot the full year’s budget estimate by as much as ₹92,349 crore. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Mind the gap) – Dec 31, 2018.

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Today’s word list-1 The Hindu Editorial (Mind the gap) – Dec 31, 2018:

fiscal deficit (noun) – the difference between total expenditure and total income of the government.
underline (verb) – underscore, emphasize, highlight.
fiscal consolidation (noun) – it is a reduction in the underlying (basic) fiscal deficit and public debt.
overshoot (noun) – exceed, be greater than, be more than.
fiscal slippage (noun) – the missing fiscal targets in the country’s budget.
augury (noun) – omen, sign/signal, indication.
far from (phrase) – not, not at all, nowhere near.
set on (phrasal verb) – strike, attack, hit.
underwhelming (adjective) – unsatisfactory, not exciting, disappointing.
trajectory (noun) – course, route, path.
disquiet (noun) – distress, worry, anxiety.
preceding (adjective) – previous, prior, earlier.
on the back of (phrase) – as a result of, after/subsequent; in support of.
bunch up (verb) – gather, collect, accumulate.
skew (verb) – distort, misrepresent, change.
bias (noun) – predisposition, tendency, leaning/inclination.
silver lining (noun) – consoling and hopeful aspect of a difficult/unpleasant situation.
buoyancy (noun) – vigour/strength, high level of activity, growth.
account for (phrasal verb) – constitute, make up, comprise/form.
shortfall (noun) – deficit, deficiency, inadequacy.
contend with (phrase verb) – cope with, face, grapple/deal with.
spigot (noun) – tap, valve, stopcock,
with one eye on (phrase) – paying attention to something.
accrue (verb) – accumulate, collect, gather.
factor in (phrasal verb) – included/added as a factor/point when making a decision.
recapitalisation (noun) – it is a type of corporate reorganization involving substantial change in a company’s capital structure, especially by replacing debt with stock.
quantum (noun) – portion, part, division.
slide (noun) – fall, decline/dip, slump.
rustle up (phrasal verb) – produce, make, put together.
requisite (adjective) – necessary, required, essential.
disinvestment (noun) – the process of reducing capital investments.
onus (noun) – responsibility, duty, burden.
crowd out (phrasal verb) – oust, overthrow, remove.
revival (noun) – improvement, betterment; restoration.