The Hindu Editorial (​​​​Pension woes) – Apr 02, 2025

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The Hindu Editorial (​​​​​​​​​​​Pension woes) – Apr 02, 2025:

1. woes (noun) – trouble, difficulty, problem, tribulation, distress, heartbreak, anguish, affliction, grief, or pain.
2. Employees’ Provident Fund Organisation (EPFO) (noun) – The Employees Provident Fund Organisation (EPFO) is a statuary body which assists Central Board in administering compulsory contributory Provident Fund Scheme, Pension Scheme and Insurance Scheme for the workforce engaged in the organised sector in India. EPFO is one of the World’s largest Social Security Organisations in terms of clientele and the volume of financial transactions undertaken.
3. bring in (phrasal verb) – cause, bring about, give rise to, create, or produce.
4. transparency (noun) – clarity, straightforwardness, openness, honesty, unambiguity.
5. scrutiny (noun) – examination, inspection, or investigation.
6. claim (noun) – application; request, demand.
7. House committees (noun) – The parliamentary (standing & select) committees; They do close examination and investigation of government policies, actions and spending.
8. Parliamentary Standing Committee/Parliamentary panel (noun) – it is a committee (consisting of Members of Parliament) constituted usually on an annual basis to enable detailed consideration/discussion on all bills (all proposed laws).
9. Parliamentary select committee (noun) – ‘parliamentary select committee’ can be formed for a specific purpose, for instance, to deliberate on a particular bill. Once the Bill is disposed of, that select committee ceases to exist.
10. grant (noun) – allocation, allotment (of fund given by a government).
11. reiterate (verb) – say something again; say again, repeat, retell, restate, iterate, recapitulate
12. Employees’ Pension Scheme (EPS), 1995 (noun) – EPF Pension which is technically known as EPS stands for Employees’ Pension Scheme and was launched in the year 1995 with the aim of helping employees in the organized sector. Employees who are eligible for the Employees Provident Fund (EPF) scheme shall also be eligible for EPS. Employees’ Pension Scheme is a social security scheme provided by the Employees’ Provident Fund Organisation (EPFO).
13. decade (noun) – a period of ten years.
14. ironically (adverb) – paradoxically, unexpectedly, strangely.
15. credit (noun) – recognition, appreciation, praise, acknowledgment for an achievement.
16. merely (adverb) – Just; only; emphasizing that something is not more than what it seems.
17. regime (noun) – government.
18. move (noun) – an action taken to achieve a particular purpose; activity, step, measure.
19. pittance (noun) – a very small amount (of money); a tiny amount, next to nothing, very little, peanuts, chump change
20. figure (noun) – a number, especially one that is part of statistics or data.
21. triple (verb) – increase by three (times).
22. in order to (phrase) – with the aim/purpose of achieving something.
23. cap (verb) – to place a limit or restriction on something.
24. ceiling (noun) – an upper limit set on prices, wages, or other quantities; cap, limit.
25. corpus (noun) – (in finance) total amount of money; collection.
26. could not afford/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).
27. burden (noun) – a financial obligation or liability that causes strain or difficulty; trouble, problem, difficulty, strain; responsibility, onus, obligation, liability.
28. feasible (adjective) – workable, viable, practicable, possible, reasonable, realistic.
29. concerning (adjective) – worrying, alarming, unsettling, disquieting, distressing, disturbing.     
30. demand notice (noun) – a formal notification issued by the EPFO to an employer or employee, typically for non-payment or delayed payment of PF dues, including penalties and interest charges.
31. amount to (verb) – constitute, comprise, be equal to, add up to, be tantamount to, be equivalent to, represent, be regarded as.
32. in the dark (phrase) – be unaware of, ignorant of, or uninformed about something.
33. entitled (adjective) – sanctioned, allowed, authorized, permitted.
34. arrear (noun) – an unpaid or overdue debt or an unfulfilled obligation.
35. rely on (phrasal verb) – depend on, count on, bank on, lean on, resort to, or have recourse to.
36. exempted (adjective) – excluded, discharged, cleared.  
37. establishment (noun) – firm, company, enterprise, entity, organization.
38. exempted establishment (noun) – an employer that has been granted permission by the Employees’ Provident Fund Organisation (EPFO) to manage its own Employees’ Provident Fund (EPF) contributions through a private trust, rather than contributing directly to the EPFO.
39. authorities (noun) – bureaucracy, officials, officialdom, the people in charge, the administration, the establishment, the system, corridors of power.
40. summarily (adverb) – immediately, instantly, straight away.
41. sanction (verb) – approve, allow, permit.
42. comprehensive (noun) – complete, thorough, extensive, wide-ranging, all-embracing, in-depth, widespread, sweeping, far-reaching.
43. stakeholder (noun) – a person with an interest in something.

Note : 

1. Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc. from http://www.oxforddictionaries.com/.

2. Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purposes only and they may vary in a different context.  

3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.

The Hindu Editorial (​​​​​​​​Pension woes) – Apr 02, 2025: