Timely recognition – The Hindu (Nov 18, 2017)

Timely recognition – The Hindu (Nov 18, 2017)

Moody’s decision to upgrade India’s sovereign credit rating by a notch after a gap of almost 14 years is undoubtedly a welcome recognition of the country’s enormous economic potential. For further reading, visit “The Hindu”.

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Courtesy: The Hindu

Word List-1 (To Improve English Vocabulary)

1. underline (verb) – emphasize, highlight, underscore.
2. stay the course (phrase) – continue a difficult task to the end.
3. sovereign (adjective) – independent, self-governing, autonomous.
4. notch (noun) – degree/mark, measure, grade.
5. logjam (noun) – a condition which appears as not solvable; deadlock, standstill, bottleneck.
6. mounting (adjective) – increasing, growing, intensifying.
7. insolvency (noun) –  a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
8. bankruptcy (noun) – legal state of insolvency. An individual or organisation is declared bankrupt if a court judges that the party involved can no longer meet debt payments to creditors. it is defined as the outcome of a legal procedure.
9. undertake (verb) – manage, handle, deal with.
10. objective (noun) – aim, intention, purpose.
11. foster (verb) – encourage, promote, strengthen.
12. foreign (exchange) reserves (noun) – forex reserves; foreign currency assets held by the central banks of countries. 
13. shock (noun) – blow, upset, disturbance.
14. stock (market) index (noun) – a measurement of the value of a section of the stock market.
15. intraday (adjective) – occurring within one day.
16. flag (verb) – indicate, identify, point out.
17. outlook (noun) – prospects, expectation, lookout.
18. debt (noun) – liability, financial obligation, borrowed capital.
19. peer (noun) – someone/something as equal, match, rival to the one.
20. median (adjective) – mean, average, midpoint.
21. macroeconomic (adjective) – relating to the branch of economics concerned with large-scale factors (interest rates/national productivity).
22. slippage (noun) – shortfall, deficiency, shortage.
23. loan waiver (noun) – it is the waiving of the real or potential liability of the person or party who has taken out a loan through the voluntary action of the person or party who has made the loan (Courtesy: Wikipedia).
24. teething issues (adjective) – teething troubles/problems; temporary problems facing while starting a new project.
25. fiscal deficit (noun) – the difference between total expenditure and total income of the government.
26. capitalise on (verb) – take advantage of, exploit, benefit from.
27. alluring (adjective) – tempting, attractive, appealing.
28. resort to (verb) – use, utilize, employ.
29. populism (noun) – related to policies that supposedly represent the opinions of ordinary people (Courtesy: VOA Learning English).
30. notwithstanding (adverb) – nevertheless, nonetheless, in spite of that.

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 purpose only and they may vary in different context. Use it with the corresponding article published on the source (website) via the link provided. 

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