some difficult words from editorials , which is important and very helpful for IBPS PO/CLERK/LIC AAO/RRB & SSC CGL EXAM and other exams !!!
The Hindu: Holding the rate: On RBI’s monetary policy decision
The Reserve Bank of India’s decision to keep the policy interest rate unchanged, and reaffirm its “neutral” policy stance, clearly indicates that policymakers at the central bank are singularly focussed on their primary remit of ensuring price stability while supporting economic growth. That the RBI’s Monetary Policy Committee has chosen to do so in the face of clamour for a rate cut, and Consumer Price Index data and the bank’s own survey of households’ inflation expectations appearing benign, points to the MPC’s determination to reassert the central bank’s independence, especially in the rate-setting realm. Laying out its reasoning for opting to remain “watchful”, the RBI has raised pertinent questions relating to the outlook for price stability, the foremost being whether the “unusually low momentum in the reading for April will endure”. It posits that the easing trend in inflation, excluding food and fuel, may be transient given its vulnerability to rising rural wage growth and strong consumption demand. And the elephant in the room, in the MPC’s opinion, is the real prospect of inflationary spillovers from the rising risk of fiscal slippages caused by farm loan waivers — Uttar Pradesh has set the stage, and Maharashtra’s government has vowed to come up with the State’s largest-ever. Observing that inflation has fallen below 4% only since November 2016, the RBI has reiterated its commitment to keeping the headline reading close to that figure on a “durable basis”.
The MPC acknowledges that the latest monsoon forecast augurs well for the agriculture sector, and when viewed in conjunction with continuing robust government spending, it ought to help undergird overall momentum in the economy. The RBI’s business expectations index based on its industrial outlook survey of April points to upbeat prospects for the manufacturing sector in the second quarter of the current fiscal year, spurred by rising rural and overseas demand. However, on the growth front too the RBI’s policy panel has opted for caution given that the Central Statistics Office’s GDP and GVA (gross value added) data released last month suggest that the effects of demonetisation have lingered on. The RBI has accordingly cut its GVA growth forecast for the year ending in March 2018 by 10 basis points to 7.3% and flagged the risks that global political uncertainties, rising input costs and wage pressures and the twin balance sheet problem (an over-leveraged corporate sector and stressed lenders) pose to a revival in private investment demand and a more durable economic expansion. Spelling out the priorities, the MPC has said monetary policy can be effective only when private investment has revived, the banking sector’s health is restored and infrastructure bottlenecks are removed. To do otherwise “risks disruptive policy reversals later and the loss of credibility” of the RBI.
1. Reaffirm (verb) : साबित करना
Meaning : state again strongly.
Synonyms : acknowledge, advance, advocate, affirm, allegate, allege, announce, argue, assert, asservate, attest, aver, avow, be positive, blaze, bring forward, certify, cite.
Antonyms : deny, disavow, retract.
Usage : the prime minister reaffirmed his commitment to the agreement.
2. Stance (noun) : मुद्रा
Meaning : the way in which someone stands, especially when deliberately adopted (as in cricket, golf, and other sports); a person’s posture.
Synonyms : posture, body position, pose, attitude, bearing.
Antonyms : movement.
Usage : she altered her stance, resting all her weight on one leg.
3. Reassert (verb) : साबित करना
Meaning : assert again.
Synonyms : acknowledge, advance, advocate, affirm, allegate, allege, announce, argue, assert, asservate, attest, aver, avow, be positive, blaze, bring forward, certify, cite, claim.
Antonyms : deny, disavow, retract.
Usage : he moved quickly to reassert his control.
4. Laying out (phrasal verb) : खाका खिंचना
Meaning : to prepare (a corpse) for viewing.
Synonyms : disburse, expend, give, invest, lend, outlay, pay, put out, put up, shell out.
Antonyms : hoard, save.
5. Endure (verb) : सहना
Meaning : suffer (something painful or difficult) patiently.
Synonyms : undergo, go through, live through, experience, meet, encounter; cope with, deal with, face, face up to, handle, suffer, tolerate, put up with, brave, bear, withstand, sustain, weather.
Antonyms : discontinue.
Usage : it seemed impossible that anyone could endure such pain.
6. Vowed (verb) : कसम खाई
Meaning : solemnly promise to do a specified thing.
Synonyms : swear, swear/state under oath, swear on the Bible, take an oath, pledge, promise, affirm, avow, undertake, give an undertaking, engage, commit, commit oneself, make a commitment, give one’s word, give one’s word of honour, give an assurance, guarantee; depose.
Antonyms : disavow.
Usage : the rebels vowed to continue fighting.
7. Reiterated (verb) : दोहराया
Meaning : say something again or a number of times, typically for emphasis or clarity.
Synonyms : repeat, say again, restate, retell, recapitulate, go over (and over), iterate, rehearse, belabour, dwell on, harp on, hammer away at; informaldo over; archaicingeminate.
Antonyms : inconstant, infrequent, irregular, occasional, rare, sporadic, uncommon, unrepeated, unusual.
Usage : she reiterated that the government would remain steadfast in its support.
8. Augurs (verb) : शुभ संकेत
Meaning : (of an event or circumstance) portend a good or bad outcome.
Synonyms : bode; portend, herald, be a sign of, be an indication of, be a warning of, warn of, forewarn of, be an omen of, be a harbinger of, foreshadow, presage, indicate, signify, signal, point to, promise, threaten, spell, denote; foretell, forecast, predict, prophesy, prognosticate, divine, foresee; literarybetoken, foretoken, forebode, harbinger; archaicforeshow.
Antonyms : be quiet, hide, withhold.
Usage : the end of the cold war seemed to augur well.
9. Robust (adjective) : मजबूत
Meaning : strong and healthy; vigorous.
Synonyms : strong, vigorous, sturdy, tough, powerful, powerfully built, solidly built, as strong as a horse/ox, muscular, sinewy, rugged, hardy, strapping, brawny, burly, husky; healthy, fit, fighting fit, as fit as a fiddle/flea, bursting with health, hale and hearty, hale, hearty, lusty
Antonyms : flabby, infirm, soft, unhealthy, weak.
Usage : the Caplan family are a robust lot.
10. Spurred (adjective) : प्रेरित
Meaning : (of a rider or their boots) having a spiked device on the heels for urging a horse forward.
Synonyms : animate, arouse, awaken, countenance, drive, egg on, exhort, favor, fire up, goad, goose, impel, instigate, key up, press, prick, prod, propel, push, put up to, rally, rouse, sic, spark, stimulate, stir, trigger, turn on, urge, work up.
Antonyms : disapprove, discourage, dissuade.
Usage : two young men appeared booted and spurred.
