The Hindu Editorial Vocabulary – Set 13

The Hindu Editorial Vocabulary Words with Meanings for various Exams: SBI PO/Clerk, IBPS PO/Clerk, RRB, RBI, LIC, NABARD, SEBI, SSC, UPSC, IPPB, etc.

We are providing vocabulary words from the Editorial articles of The Hindu newspaper which is important for all upcoming competitive exams. Add some more words to your English vocabulary words list.

 

TOPIC – A slim stimulus

Finance Minister Nirmala Sitharaman’s fresh set of measures, on Monday, to spur consumer demand and capital expenditure include an interestingly designed tweak to the LTC allowances of government employees. Her reckoning is that these would lend a ₹73,000 crore demand spurt to prop up the ailing economy in the second half of this year. This could rise beyond ₹1­lakh crore if private-sector employers offered similar LTC incentives. With industrial output slipping for the sixth month in a row in August, the clamor for new stimulus measures had been growing ahead of a particularly bleak festive season. But this package, which will cost the exchequer about 0.2% of GDP, taking overall fiscal support through the pandemic to 1.7% of GDP, may not be as persuasive as may have been envisaged. Enhancing the Centre’s capital expenditure in specific sectors by ₹25,000 crores from the extant level of ₹4.12­lakh crore is laudable. But pandemic restrictions have affected the ability to get new projects going. Till August, just about ₹1.34­lakh crore of the budgeted Capex had been spent. The same problem plagues the ₹12,000 crores offered as an interest ­free 50­year loan to States for capital spending over the next six months. While States have been allowed to use these loans to pay off existing contractors’ dues, the amounts on offer are unlikely to have an impact; ₹2,000 crores has been set aside for States that manage to complete three of four reforms mandated in the earlier Atmanirbhar Bharat package, in order to get additional borrowing lee-way. Only some States may qualify for this. Too many conditions also pervade the consumption push. Linking LTC perks of government staff who have not availed them yet due to restricted travel during the pandemic to spending on non­-travel items is an innovative nudge. But requiring them to spend three times their return ticket fares under LTC on goods and services attracting at least 12% GST from GST­registered vendors, maybe too prescriptive and overlooks the reluctance towards discretionary spending due to low visibility on the economy’s prospects. Eligible employees may find the scheme complex and too expensive to avail. One hopes the government has more in its quiver to expedite recovery. Waiting too long for the pandemic to ease before loosening the purse strings further could extend the pain. The focus should not just be on conjuring a trickle­ down stimulus from those with their jobs and savings intact but also on relief measures for those without. Even the IMF has been urging countries to spend now to diminish the damage. Avoiding spending now to maintain fiscal discipline and prevent a rating downgrade seems sensible, but if the underlying edifices of the country’s growth story crumble in the process, a future downgrade will become inevitable.

 

The Hindu Editorial Words with meanings, synonyms, and antonyms 

 

Prop up (verb) – to stop from falling

Synonyms – steadied, trussed, underlay, reinforce, shoring

Antonyms – suppress, abandon, resist, conceal, exterminate

 

Bleak (adjective) – offering little or no hope

Synonyms – grim, dismal, dreary, desolate, barren

Antonyms – cheerful, sunny, encouraging, pleasant, glorious

 

Persuasive (adjective) – having the power to induce action

Synonyms – convincing, compelling, cogent, potent, eloquent

Antonyms – dissuasive, feeble, discouraging, faint, groundless

 

Pervade (verb) – spread through the whole extent of

Synonyms – permeate, imbue, suffuse, penetrate, saturate

Antonyms – shorten, deplete, deplete, collocate, cavernous

 

Perks (verb) – to look inquisitively

Synonyms – perquisite, gravy, gain, outturn, favor

Antonyms – disadvantage, debt, setback, injuries, lesion

 

Nudge (verb) – to push against gently

Synonyms – push, prod, poke, shove, jab

Antonyms – pull

 

Prescriptive (adjective) – pertaining to giving directives or rules

Synonyms – normative, dictatorial, rigid, didactic, arbitrary

Antonyms – descriptive, different, modernistic, original, unorthodox

 

Discretionary (adjective) – using the ability to act or decide according to your own discretion or judgment

Synonyms – optional, voluntary, elective, discretion, facultative

Antonyms – compulsory, obligatory, required, stringent, forced

 

Quiver (verb) – to shake slightly

Synonyms – tremble, shiver, shudder, flutter, tremor

Antonyms – stillness, steady, resolve, quiet, stand

 

Conjure (verb) – bring into existence

Synonyms – evoke, raise, arouse, stir, adjure

Antonyms – repulse, repel, drowse, fading, disenchant

 

Crumble (verb) – To fall into small pieces

Synonyms – disintegrate, collapse, fall apart, crush, perish

Antonyms – build, improve, better, abide, amp up

 

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