Today’s “Word of the Day” is “usurious“ and it is an adjective meaning “extortionate, (unfairly) high, excessive, greedy, rapacious, avaricious (especially, rate of interest)“.
Example Sentence: Moreover, the usurious taxation policy of the Government, which insists on maintaining indirect taxes on fuel and consumer products while lowering corporate taxes, paints a picture explaining these figures. The Government had recently raised taxes on textile products from 5% to 12%. While inflation soars, the incomes of the middle and lower-middle-class have at best (only/simply) remained constant. There is tremendous pressure on the financial stability of these households (families),…
This word is present in The Hindu article Pointers that India is witnessing a K-shaped recovery and click here to read it.
Courtesy: The Hindu
“Phrasal Verbs” We Learnt Last Week
“Idioms & Phrases” We Learnt Last Week
“Important Definitions” We Learnt Last Week