The Hindu Editorial (RBI’s guns boom) – Mar 28, 2020

The Reserve Bank of India (RBI) finally rolled out its big guns on Friday to fight the effects of the coronavirus on the financial system. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (RBI’s guns boom) – Mar 28, 2020.

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Courtesy: The Hindu

Today’s word list-1 for The Hindu Editorial (RBI’s guns boom) – Mar 28, 2020

boom (verb) – figuratively “do well”.
lockdown (noun) – a state of isolation; confinement, restraint, encirclement.
evolve (verb) – develop, progress, advance.
roll/pull out the big guns (phrase) – to get serious about a problem and deal with it.
coronavirus (CoV)(noun) – a large family of viruses that cause illness ranging from the common cold to more severe diseases. common signs of infection include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory syndrome, kidney failure and even death. (Courtesy: WHO)
clamour (verb) – protest, complain, demand, push.
address (verb) – tackle, deal with, attend to, try to sort out.
sustain (verb) – preserve, maintain/keep, bolster up.
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.
palliative (noun) – an action aimed to mitigate/lessen a problem (without addressing the basic reason).
scenario (noun) – course of events, situation.
fight off (phrasal verb) – resist, repel, hold off, drive away.
maleficent (adjective) – harmful, destructive, disastrous.
certainty (noun) – assurance, sureness, sure thing.
uncertainty (noun) – unpredictability, unreliability, riskiness/precariousness.
prolong (verb) – extend, drag out, protract.
perspective (noun) – standpoint, viewpoint, approach/angle.
point in time (phrase) – a particular moment.
reflect (verb) – indicate, show, display, represent.
impulse (noun) – (strong & sudden) urge/instinct, compulsion, need.
ahead of the curve (phrase) – above average; performing well, be better than (of its kind).
laudable (adjective) – commendable, admirable, praiseworthy.
sizeable (adjective) – substantial, considerable, significant.
rate cut (noun) – a decision by a central bank (like RBI in India) to reduce its main interest rate to the banks (like SBI, ICICI & etc in India) when these commercial banks get money from the central bank. Once this rate goes down, the banks are in a position to give loans at lower interest rates to individuals and the industry.
make the headlines (phrase) – to (suddenly) get a lot of attention (through news reports).
pass on (phrasal verb) – to give someone something that someone else has given you.
spur (verb) – stimulate, encourage, motivate.
a trifle (phrase) – something of little value; a thing of no or little significance/importance.
score (verb) – secure an advantage; be successful, make an impression, have an impact, go down well.
unveil (verb) – present, announce, disclose/make public.
cash reserve ratio (CRR) (noun) – a certain minimum amount of deposit that the commercial banks have to hold as reserves with the central bank. The proportion of liabilities which a bank has to set aside as cash.
marginal standing facility (MSF) (noun) – Marginal standing facility (MSF) is a window for banks to borrow from the Reserve Bank of India in an emergency situation when inter-bank liquidity dries up completely. It is an overnight liquidity support provided by RBI to commercial banks with a higher interest rate over the repo rate.
add up to (phrasal verb) – amount to, equal, be equivalent to.
pump in (phrasal verb) – invest a large amount of money in (something).
injection (noun) – introduction.
whopping (adjective) – huge, massive, very large.
consequence (noun) – outcome, ramification, repercussion.
heightened (adjective) – increased, amplified, intensified.
lubricate (verb) – make smooth, ease, facilitate.
moratorium (noun) – a temporary suspension of an activity; embargo, ban, prohibition.
deferment (noun) – postponement, delay, rescheduling.
policy rate corridor (noun) – interest rate corridor (IRC); it refers to the area between the reverse repo rate and the MSF rate. Reverse repo rate will be the lowest of the policy rates whereas Marginal Standing Facility is something like an upper ceiling with a higher rate than the repo rate.
repo rate (noun) – it is the rate at which the central bank of a country (RBI in case of India) lends money to commercial banks in the event of any shortfall of funds.
reverse repo rate (noun) – it is the rate at which the central bank of a country (RBI in case of India) borrows money from commercial banks within the country.
push away (phrasal verb) – refuse to be close with someone and to show that he/she does not want anyone’s help.
lazy banking (noun) – a method of banking where banks avoid lending or taking any risk and put their money in risk free investments is called lazy banking.
lend (verb) – give, provide, offer.
in sum (phrase) – briefly, to come to the point, in essence.
keep someone on his/her feet (phrase) – keep someone to be stable, be viable, be alert.