English Vocabulary from “The Hindu Editorial”-(Day-76)

Important English Vocabulary from “The Hindu Editorial”-(Day-76):

Dear Readers, to score good marks in English Section first and for most thing is you need to develop your reading skills, while reading a passage you need to highlight the tough words in it and you should know the correct meaning for those words. This will help you understand the passage clearly and also you can learn more new words, it means also you can develop your vocabulary. To help you in this part we have provided a English Vocabulary passage along with meaning, synonyms and usages of hard words in the passage, make use of it. We also providing Important Vocabulary Quiz based on “THE ECONOMIST” and “THE HINDU”

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The Hindu Editorial – 12.01.2018

Ready for sale

The decision to allow 49% foreign stake in Air India sets the stage for its privatization

The Union Cabinet has approved a series of changes in foreign direct investment norms as the government prepares to enter the last lap of its economic policy-setting phase ahead of the 2019 election. Key among these was the decision to allow up to 49%overseas ownership, including by a foreign airline, in Air India. This comes just a little more than six months after the Cabinet Committee on Economic Affairs gave its nod for a strategic disinvestment of the airline. The relaxation in ownership norms clears the decks for possible bidders such as the Singapore Airlines-Tata combine and Jet Airways — with  its  overseas  equity  and route partners — to make a more detailed commercial assessment  of  the  investment  opportunity  the  state owned flag carrier presents. For the fiscally constrained government, the decision couldn’t have come sooner. With the Union Budget due soon and the government woefully short of its budgeted strategic disinvestment goal for the current financial year — as of end November, only 28% of the targeted 15,000 crore had been realized — the hope must be for an accelerated timetable for the stake sale. Still, the fulfillment of a necessary condition for a strategic sale doesn’t automatically become sufficient grounds for a successful privatisation. Given the carrier’s accumulated debt of about 50,000 crore and the fact that the interest of potential investors is likely to be focussed on Air India’s lucrative long-haul international routes and its feet of more than 40 wide bodied aircraft, disinvestment will be neither easy nor guaranteed. At the very least, the government needs to set a clear, unambiguous road map for the sale process. The other reform cleared by the Cabinet was the crucial decision to put 100% FDI in Single Brand Retail Trading under the ‘automatic’ route, accompanied by the long-sought relaxation of mandatory local sourcing norms. This had been a major issue with potential investors including Apple, which had repeatedly urged the government to take a more benign view given the level of technological advancement incorporated in its products and the difficulty in finding local sources of supply at the requisite scale. The five-year holiday on the 30% local-sourcing requirement is expected to give companies setting up shop here adequate time to identify, train and even technologically assist in the creation of local supply chains. If this decision was going to be made, it is surprising it was not done in November 2015, when the Centre changed tack and opened up single brand retail to 100% FDI. An early decision would have helped, given the sector’s potential for job-creation and technology upgradation. Still,  better late than never.

Towards stability

Nepal must hasten the process of government-formation

A month after the Left Alliance secured a decisive victory in Nepal’s parliamentary elections, a government is yet to be formed in Kathmandu. The Alliance was forged just before the elections between the Communist Party of Nepal (United Marxist-Leninist) and the Communist Party of Nepal (Maoist Centre). The transfer of power from the Nepali Congress to the UML-led coalition was delayed initially due to procedural issues. The Upper House, or the National Assembly, needed to be indirectly elected by the provincial assemblies. The parties had disagreed on the means of this indirect election, with the NC advocating a proportional representation-single transferable vote system, and the UML seeking a majority vote. After President Bidhya Devi Bhandari ratified a long-pending ordinance that allowed elections based on the single transferable vote in late December 2017, this issue appeared to have been resolved. But there are other procedural issues to be sorted out. In consultation with the Left Alliance, the caretaker government has to first appoint governors to the seven provinces. Then, the process of choosing their capitals, in order to convene the Assemblies, can be completed. Tentative proposals on new capitals had given rise to protests in several towns, and the main political parties are unwilling to take a clear position on the issue. The caretaker NC government does not seem to be particularly keen on resolving this, and a proposal has been floated to allow the provincial assemblies to convene in Kathmandu first. In the absence of a consensus, this may be best. The clear and decisive choice by the electorate in the polls has put the responsibility of operationalising the intricate provincial model on the Left Alliance. Once the process of nominations to the National Assembly is complete — with 33% of the overall representation in Parliament reserved for women — the election of the Prime Minister will follow. It is a foregone conclusion that UML leader K.P.Oli will be elected: the party got close to the majority mark on its own in the first-past-the-post seats. Ten years since the end of the civil war and the  convening  of  the Constituent Assembly,  the promise  of  economic  development  has  been  belied. This is one of the reasons behind agitations called by democratic and republican forces seeking a new CA. Nepal’s economy continues to be highly dependent on remittances from Nepali migrants as the agrarian sector and industrial growth, especially in the hydro-energy sector, have stagnated. For too long, political posturing and the game of thrones involving the major parties, the UML, the NC and the Maoists, in Kathmandu have become pursuits in themselves. With the Left Alliance promising a greater degree of cohesion and winning a clear victory, the sooner the process of election of a new Prime Minister is accomplished, the faster Nepal can get on with the business of governance.

1). Bidders (Noun)

Definition: a person or organization making a formal offer for something, especially at an auction

Synonyms: aspirants, applicants, competitor

Usage: she was the highest bidder for this rare portrait 

2). Woefully (Adverb)

Definition: in a manner expressing sorrow or misery

Synonyms: Disappointment, Dreadful, grim

Usage: she sighed woefully and walked out 

3). Forged (Adjective)

Definition: copied fraudulently

Synonyms: Fake, false

Usage: they have illegally entered the UK using forged travel documents 

4). Agrarian (Adjective)

Definition: relating to cultivated land or the cultivation of land

Synonyms: agricultural, Natural, Rustic.

Usage: Brazil is rapidly diversifying its agrarian economy 

5). Stagnated (Verb)

Definition: cease to flow or move; become stagnant

Synonyms: stop flowing, become stagnant, become trapped

Usage: Lake will have Stagnate water. 

6). Pursuits (Noun)

Definition: the action of pursuing someone or something

Synonyms: chasing, pursuing, stalking, tracking, trailing, shadowing

Usage: the cat crouched in the grass in pursuit of a bird 

7). Urged (Verb)

Definition: recommend (something) strongly

Synonyms: advise, counsel, advocate, recommend, suggest

Usage: I urge caution in interpreting these results 

8). Convene (Verb)

Definition: come or bring together for a meeting or activity; assemble

Synonyms: summon, call, call together, order

Usage: he had convened a secret meeting of military personnel 

9). Posturing (Verb)

Definition: behave in a way that is intended to impress or mislead

Synonyms: pose, strike an attitude, put on airs, attitudinize, behave affectedly

Usage: a masking of fear with macho posturing 

10). Intricate (Adjective)

Definition: very complicated or detailed

Synonyms: complex, complicated, convoluted, tangled, entangled, ravelled

Usage: an intricate network of canals

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