Important English Vocabulary from The Hindu Newspaper | The Hindu Editorial Vocabulary:
Dear Readers, The Hindu English Vocabulary words along with meaning, synonyms and example sentence were given from “The Hindu” Editorial pages. As we all know very well in all bank and competitive exams, most of the English Sections were asked from The Hindu Newspaper, and it’s is very essential to focus the The Hindu Newspaper Vocabulary daily, here we have started providing The Hindu vocab daily dose, candidates those who are preparing for banking and all competitive exams can use this. We also providing Important Vocabulary Quiz based on “THE ECONOMIST”.
Taxes need to be eased to make petrol and diesel more affordable to consumers
Petrol and diesel prices have crept up slowly over the last three months, but without inviting the kind of anger and criticism usually directed at such fuel price hikes. The price of petrol in Delhi, for instance, has cumulatively increased by almost ₹5 since the introduction of the daily pricing policy on June 16 this year. Daily pricing is now being seen by many as a ploy to increase prices while allowing the government to escape any political backlash. The government, for now, has ruled out any change to the current pricing policy arguing that it, in fact, ensures that the benefit of lower international crude oil prices is passed on to domestic consumers. A comparison of crude oil prices with domestic petrol and diesel prices, however, suggests that this argument is far from convincing. In 2012, when India purchased a barrel of crude for around $120, a litre of petrol was sold at around ₹65 in retail fuel stations. Today, when the Indian crude basket price has dropped to around $50, the retail price of petrol is well over the ₹70 mark. This does not come as much of a surprise. The deregulation of petrol and diesel pricing, in 2010 and 2014 respectively, caused fuel prices to be determined primarily by the forces of supply and demand rather than input costs. Traditionally, fuel prices were determined on a cost-plus basis, which led domestic prices to fall in line with the cost of inputs like crude oil.
Still, lower international crude oil prices should have led to lower domestic fuel prices even under the free pricing regime, if not for the heavy taxes imposed on domestic fuels. Excise duty and value added tax are the main culprits in this regard. In fact, about half the price paid by the Indian end-consumer for petrol goes towards paying these taxes. The government’s excise duty collection, for instance, has more than doubled during the period 2014-17, from ₹99,184 crore to ₹2,42,691 crore. This suggests quite clearly that the government, not the consumer, has been the biggest beneficiary of lower crude oil prices since 2014. These taxes impose an artificial limit on the amount of supply that can be profitably sold to the Indian consumer, which in turn leads to consumers paying higher prices for petrol and diesel. In fact, an alternative tax such as the goods and services tax (GST), even at its highest slab of 28%, would substantially lower the current tax burden on fuels. Apart from making petrol and diesel more affordable to many more people in the lower rungs of the economy, it will also decrease the economic distortions caused by extraordinarily high taxes imposed on automobile fuels that are widely used. Along with lower taxes, greater competition in the fuel retailing market will allow further cost efficiencies to kick in and lead to lower prices for consumers.
Source: The Hindu
1). Instance (Noun)
Definition: an example or single occurrence of something.
Synonyms: example, occasion, occurrence
Usage: There was not a single instance of religious persecution.
Definition: a cunning plan or action designed to turn a situation to one’s own advantage.
Usage: The president has dismissed the referendum as a ploy to buy time.
3). Backlash (Noun)
Definition: a strong negative reaction by a large number of people, especially to a social or political development.
Synonyms: adverse reaction/response, counteraction, counterblast, comeback
Usage: The move provoked a furious backlash from union leaders.
4). Distortions (Noun)
Definition: the action of distorting or the state of being distorted.
Synonyms: warp, twist, contortion, bend, buckle
Usage: Strain on the muscles of the eye leading to a distortion in shape or structure.
U.S. President Donald Trump has put another category of immigrants in legal limbo
Nearly 800,000 people in the U.S. now face the possibility of losing their jobs, driver’s licences and university seats and even of being deported to a country that was not their home. The looming legal limbo for this sizeable cohort, which includes around 8,000 Indian nationals, is a direct result of President Donald Trump’s decision on September 5 to rescind the Deferred Action for Childhood Arrivals (DACA) policy. This is a major Obama-era executive action designed to protect those who arrived in the U.S. as children accompanying their undocumented migrant parents. The logic of the Obama administration was that so long as such childhood arrivals integrated lawfully and productively into American society, not committing any crimes, paying their taxes and being upstanding members of the broader community, there could be no reasonable argument to uproot their lives and send them to their parents’ country of origin. Now Mr. Trump has turned that logic on its head in an apparent effort to deliver on his campaign promise to crack down on all forms of undocumented immigration. While he previously appeared sympathetic toward DACA, Mr. Trump has effectively passed the buck to Congress by calling on it to come up with legislation for a lasting solution to the problem “through the lawful democratic process”. No new applications are being processed. Existing beneficiaries requiring renewal of permits for a further two-year period have until March 5, 2018 to get it done.
Beyond that deadline, their continuance in the U.S. would require lawmakers to come up with a bill similar to the Development, Relief and Education for Alien Minors (DREAM) Act, a legislative proposal that went beyond piecemeal benefits, granting its recipients residency and setting out a path to citizenship. Such a bill, encapsulating widely acceptable principles underpinning a path to citizenship for deserving migrants, has eluded Capitol Hill for decades. During Barack Obama’s presidency, the comprehensive immigration reform package proposed by the Gang of Eight bipartisan Senators came close to resolving this gaping hole in the immigration policy. Had it been passed, the 11 million undocumented workers in the U.S. may have found a modicum of solace in the knowledge that one day they could emerge from the shadows into the mainstream. Painful questions surrounding visa issues, including the political soft target that the H-1B visa is, could have been laid to rest and this would have, for example, fostered a climate of greater predictability for manpower planning at tech companies. Yet that bill never did pass into law, owing to the partisan bickering that Americans have come to despise of their representatives in Washington. Given the hostile political climate and bitter polarisation of the U.S. electorate along party lines, there is a real risk that short-term point-scoring on specific aspects of immigration reform could trump the need for a more robust, sustainable remedy.
Source: The Hindu
1). Loom (Verb) gerund or present participle: looming
Definition: appear as a vague form, especially one that is large or threatening.
Synonyms: emerge, appear, become visible
Usage: Vehicles loomed out of the darkness.
2). Limbo (Noun)
Definition: an uncertain period of awaiting a decision or resolution; an intermediate state or condition.
Synonyms: in abeyance, unattended to, unfinished, incomplete
Usage: The legal battle could leave the club in limbo until next year.
3). Cohort (Noun)
Definition: a group of people with a shared characteristic.
Usage: A cohort of civil servants patiently drafting legislation.
4). Rescind (Verb)
Definition: revoke, cancel, or repeal (a law, order, or agreement).
Synonyms: revoke, repeal, cancel, reverse
Usage: The court has the power to rescind a bankruptcy order.
5). Apparent (Adj)
Definition: clearly visible or understood; obvious.
Synonyms: evident, plain, obvious, clear
Usage: For no apparent reason she laughed.
6). Encapsulating (Verb) gerund or present participle: encapsulating
Definition: enclose (something) in or as if in a capsule.
Synonyms: enclose, encase, contain
Usage: The company would encapsulate the asbestos waste in concrete pellets.
7). Bipartisan (Adj)
Definition: of or involving the agreement or cooperation of two political parties that usually oppose each other’s policies.
Usage: The reforms received considerable bipartisan approval
8). Modicum (Noun)
Definition: a small quantity of a particular thing, especially something desirable or valuable.
Synonyms: little bit, small amount, particle
Usage: People with only a modicum of scientific knowledge.
9). Solace (Noun)
Definition: comfort or consolation in a time of great distress or sadness.
Synonyms: comfort, consolation, cheer, support, relief
Usage: They tried to find solace in pictures of their little girl as they wanted to remember her.
10). Fostered (Verb) past tense: fostered; past participle: fostered
Definition: encourage the development of (something, especially something desirable).
Synonyms: encourage, promote, further
Usage: The teacher’s task is to foster learning.
11). Bickering (Verb) gerund or present participle: bickering
Definition: argue about petty and trivial matters.
Synonyms: squabble, argue; quarrel, wrangle, fight
Usage: Couples who bicker over who gets what from the divorce.
12). Despise (Verb)
Definition: feel contempt or a deep repugnance for.
Synonyms: detest, hate, loathe, abhor
Usage: He despised himself for being selfish.