The Hindu Editorial Vocabulary – Set 180

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 in The Hindu newspaper which is important for all the upcoming competitive exams. Add some more words to your English vocabulary words list.

 

TOPIC – Trade defense

The Central Board of Indirect Taxes and Customs (CBIC) recently notified the imposition of antidumping duty on five products manufactured in China in order to safeguard domestic producers from lower-priced imports that the Directorate General of Trade Remedies (DGTR) had found as being ‘dumped’ in the Indian market. The items range from specific flat rolled aluminum products for solar modules, and silicone sealants used in the manufacture of solar photovoltaic modules to some chemicals, including of the refrigerant hydro fluorocarbon. In almost all the five products, the Commerce Ministry agency initiated its anti-dumping investigations in September 2020 and reached its final findings about 12 months later. CBIC’s imposition of the anti-dumping levy for five years on these Chinese products is based on the DGTR’s findings that their import constituted ‘dumping’, which was causing injury to local producers, and an ensuing recommendation that a protective duty was warranted. A remedy sanctioned by the WTO to protect a member country’s domestic industry from imports that have been priced at levels below those prevailing in the exporting nation’s home market, the anti-dumping duty has become one of India’s most widely used trade weapons, especially against a flood of cheaper Chinese imports. As of February 2020, India had imposed antidumping measures on 90 Chinese products, with another 24 China-specific anti-dumping investigations in progress at the time, according to a reply made in Parliament by Commerce Minister Piyush Goyal. The use of the specific trade remedy, howsoever warranted, does, however, raise questions.  A reflexive resort to the anti-dumping duty, especially if the domestic applicant is a significantly large and relatively resilient manufacturer of the product, risks skewing the market dynamics in the Indian company’s favor, with both downstream industries, in the case of intermediate goods, and consumers likely to face the consequences of reduced competition on final prices. Also, efforts to narrow the sizeable trade deficit with China by targeted recourse to the levy have made little headway in addressing the widening gap as imports have continued to largely outpace India’s exports. The effectiveness of the measure in providing timely relief to smaller domestic manufacturers facing an existential crisis on account of suspected dumping has also been undermined in the past by a less than ‘swift’ process with the DGTR hamstrung by a personnel crunch. With companies worldwide now seeking to de-risk their businesses from an excessive reliance on China in the wake of the COVID-19 pandemic, the prospect of more capacity in that country turning surplus and being used to produce goods for dumping overseas increases. Indian policymakers have their task cut out to bolster trade defenses in time.

 

The Hindu Editorial Words with meanings, synonyms, and antonyms 

 

Imposition (noun) – A thing that is imposed, in particular an unfair or unwelcome demand or burden

Synonyms – Encumbrance, intrusion, nuisance, obtrusion, infliction

Antonyms – Frankness, honesty, advantage, sincerity, aid

 

Initiated (noun) – A small group of people who share obscure knowledge

Synonyms – Suave, urbane, shrewd, astute, covetous

Antonyms – Credulous, callow, ignorant, insensible, nescient

 

Ensuing (adjective) – Occurring afterwards or as a result

Synonyms – Seriate, collateral, concomitant, inferable, brewing

Antonyms – Quondam, archaic, defunct, supra, anterior

 

Imposed (verb) – To have established or stipulated as a previous condition

Synonyms – Postulated, stipulated, decreed, designated, pledged

Antonyms – Vetoed, censured, forbade, negated, interdicted

 

Skewing (verb) – Suddenly change direction or position

Synonyms –Warp, fudge, pervert, parody, palter

Antonyms –Ascend, gravitate, adorn, embellish, aligned

 

Levy (noun) – A tax, fee, or fine that has been levied

Synonyms – Mulct, tithe, ante, exaction, surtax

Antonyms – Rescind, abrogate, expunge, extirpate, squelch

 

Existential (adjective) – Based on, concerned with, or verifiable by observation or experience

Synonyms –Empirical, pragmatic, heuristic, veteran, exploratory

Antonyms –Notional, ideational, putative, conjectured, abstract

 

Hamstrung (adjective) – Not producing any significant or desired effect

Synonyms –Futile, feeble, inept, otiose, inutile

Antonyms –Operant, efficacious, tactical, propitious, puissant

 

Bolster (verb) – To strengthen or provide support to

Synonyms –Brace, bulwark, truss, crutch, strut

Antonyms –Enervate, condemn, agitate, impede, hobble

 

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