There are two important takeaways from the deposition of Reserve Bank of India Governor Urjit Patel before the Parliamentary Standing Committee on Finance on Tuesday.
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Below is today’s Vocabulary for The Hindu Editorial (Central bank recap: on Urjit Patel’s deposition before parliamentary panel) – Nov 29, 2018.
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Today’s Vocabulary for The Hindu Editorial (Central bank recap: on Urjit Patel’s deposition before parliamentary panel) – Nov 29, 2018
- Recap (noun) – संक्षिप्त, पुनर्कथन
Meaning – State again as a summary; recapitulate.
Synonyms – summary, synopsis, abstract, abridgement.
Sentence – A way of recapping the story so far.
- Deposition (noun) – निक्षेप, बयान
Meaning –A formal, usually written, statement to be used as evidence.
Synonyms – statement, affirmation, assertion, attestation.
Sentence – A commissioner to take depositions from witnesses.
- Detente (noun) – शांति बनाए रखने
Meaning – The easing of hostility or strained relations, especially between countries.
Synonyms – restoration of harmony, agreement, compromise, understanding, peace, an end to hostilities, amity.
Sentence – His policy of arms control and detente with the Soviet Union.
- Takeaway (noun) – हटाना, बहिष्कार करना
Meaning – a key point/idea/fact (to be remembered).
Sentence – The takeaway message.
- Over the hump (phrase)
Meaning – On the road to recovery, getting better, making progress (from the difficult/worst part).
- Non-Performing Assets (NPAs) (noun)
Meaning – Bad loans, troubled accounts, stressed loans; an account where principal and/or interest remains overdue for a period of time.
- Slippage (noun) – फिसलन
Meaning –The action or process of slipping or subsiding.
Synonyms – deficiency, shortage, undersupply
Sentence – Major slippages in body condition can lead to undesirable further problems next year.
- Heap (noun) – ढेर, संग्रह
Meaning – An untidy collection of objects placed haphazardly on top of each other.
Synonyms – accumulation, pile, quantity, lot.
Sentence – A disordered heap of a lot of boxes.
- Skeleton in the cupboard/closet (phrase)
Meaning – (embarrassing & unpleasant) things in a person’s past that he/she wants to be (kept) hidden/disclosed.
- Onerous (adjective) – कष्टदायक, भारी
Meaning – (of a task or responsibility) involving a great deal of effort, trouble, or difficulty.
Synonyms – arduous, demanding, tough, formidable.
Sentence – He found his duties increasingly onerous.
- Hair-cut (noun)
Meaning – A reduction in the stated value of an asset.
Sentence – The banks would probably be willing to take a haircut on the rest.
- Insolvency (noun) – दिवालियापन
Meaning – a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
Synonyms – bankruptcy, liquidation, failure, collapse, ruin
Sentence – The club was facing insolvency.
- Wary (adjective) – सावधान, ख़बरदार
Meaning – Feeling or showing caution about possible dangers or problems.
Synonyms – cautious, careful, circumspect.
Sentence – He was truly despairing, but the muted female voice was firm, but understandably wary.
- Portfolio (noun) – निवेश सूची
Meaning – a variety of products or services
Synonyms – binder, ring binder, document case
Sentence – He snatched up his jacket and the leather portfolio.
- Forge (verb) – बनाना, जाली नक़ल करना
Meaning – Make or shape (a metal object) by heating it in a fire or furnace and hammering it.
Synonyms – build, form, create.
Sentence – He forged a great suit of black armour.
- Reserves (noun) – भंडार
Meaning – Retain for future use.
Synonyms – funds (resources as stock/reservoir).
Sentence – Then drain the mushrooms, reserving the liquor.
- Nip something in the bud (phrase)
Meaning – obstruct, block, stop.
- Preserve (noun) – रक्षित
Meaning – A sphere of activity regarded as being reserved for a particular person or group.
Synonyms – department, domain, field.
Sentence – The civil service became the preserve of the educated middle class.
- Gorilla in the room (phrase)
Meaning – it is mostly used to refer to a serious problem — one which people are aware of, but choose to ignore. They think that if they do not talk about it, the problem will somehow go away.
- Cast a shadow over (phrase)
Meaning – spoil, diminish, let down.
- Tenure (noun) – कार्यकाल
Meaning –A period for which an office is held.
Synonyms – term, period, time (in office).
Sentence – In an eleven-member ensemble, he can boast of dancers with two- and three-decade tenures.
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