English Vocabulary from “The Hindu Editorial”-(Day-79)

Important English Vocabulary from “The Hindu Editorial”-(Day-79):

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 – 17.01.2018

All gore

Regulating jallikattu remains an impossible challenge for district authorities in Tamil Nadu

With animal rights activists at the head of the campaign against  jallikattu, more attention seems  to  have  been  paid  to  cruelty  to  the bulls than the inherently dangerous nature of the bull taming  event,  that  puts  both  spectators  and  participants at risk. Two onlookers have died in the space of two days in the jallikattu events in Palamedu and Avaarangadu in Tamil Nadu as the barricades separating the spectators from the arena were inadequate. Two others were killed in the manjuvirattu (a variant of jallikattu) at Siravayal when the bulls were unleashed outside the earmarked arena, a violation of due procedure. Clearly, the safety arrangements monitored by the district administration at these annual events in the Pongal season failed to prevent death and injury. With some of the events inducting more than 400 bulls and almost twice as many tamers,  jallikattu has  become  a  disorderly spectacle,  making  a  mockery  of  even  well-laid-out plans. The Animal Welfare Board of India, which was earlier in the forefront of documenting instances of mismanagement in the organising of jallikattu events, seems to have shifted its stance with a change of office-bearers. Other than spotting some “small mistakes” and “human errors”, the AWBI team’s convener, S.K. Mittal, found little amiss in the Palamedu event. The concern, instead, was on preserving “native breeds” of bulls.  After last year’s protests against the Supreme Court ban on jallikattu, when thousands of people gathered in public places in Tamil Nadu demanding a revival of the sport, the authorities have been wary of condemning bull-taming during Pongal. They now speak the language of custom and tradition, one that is similar to that of the jallikattu enthusiasts. When the Supreme Court banned jallikattu on the basis of submissions made by the AWBI, which recorded instances of cruelty to animals in regulated events, it did so on the ground that regulations were not working. Following public protests and political pressure, and on the strength of hurriedly drafted legislation, jallikattu is now back on the Pongal calendar. But nothing much has changed on the ground. Of course, participants and bulls are screened before being allowed into the arena. But the bulls do not heed the barricades that are meant to fence off spectators from the arena. Also, there is the risk of hyper-excited miscreants releasing the bulls outside the arena: this is what happened in Siravayal. District authorities have so far failed to find better ways to regulate the events, but more than the size of an event, the scale is the challenge. In short, there are too many events in too many places within a period of a few days, making regulation next to impossible. It is one thing to have well regulated jallikattu. But we are far from staging it in a manner that leaves nothing to chance and that is insured against damage wreaked by a rampaging bull.

Face the inevitable

Staggering the losses of banks due to a spurt in bond yields is no solution

The sharp rise in bond yields has hit banks with losses on treasury operations dominated by sovereign bond holdings. Rating agency ICRA believes the fall in bond prices on expectation of the Central government breaching its fiscal deficit target has led to banks suffering a loss on paper of over 15,500 crore in the quarter that ended in December. The yield on Indian 10-year benchmark government bonds has risen steeply, from about 6.5% at the end of August to 7.56% on January 16. Even the yield on newly issued 10-year bonds that would mature in 2028 has inched up 27 basis points since January 5. Bankers have pleaded that the Reserve Bank of India allow them to stagger the reporting of these losses over several quarters. In seeking leeway, they have pointed to the huge burden imposed on their balance sheets by non-performing assets clogging the banking system. After all, India’s banks, flush with

cash since demonetisation, are the largest (and captive) holders of government bonds, thanks to a regime that requires them to maintain a high proportion of assets in them. That deposits have grown while credit off take has not, makes matters worse. But seeking regulatory for-bearance is not the solution. This argument may not find much traction with the banking regulator, going by Deputy Governor Viral Acharya’s remarks on Monday. Any kind of accounting chicanery that makes the books look rosy will come at the cost of the accuracy with which banks reflect their financial health. Banks, which are supposed to be good at assessing not  just creditors’ credibility but also the broader trends in the economy and the financial markets, cannot feign surprise at a rise and fall in bond yields. As Mr. Acharya has pointed out, banks understand the impact of interest rate movements and the risks of bond investments, and they perhaps choose to ignore this thanks to a “heads I win, tails the regulator dispenses” mindset.  Just as banks need to be held accountable for their lending decisions  and  their  advances,  treasury  operations  and bond  investments  also  need  accountability  and  risk management systems. After all, there are trained professionals handling their large bond market operations who know of the principles of asset allocation and the hedging of risks.  Banks should simply  step  up  their game and address the reasons for their investment losses  instead  of  resorting  to measures  aimed  at  hiding their problems. Any temporary measure, such as the request to stagger the recognition of bond losses, will only worsen it. Moreover, irrespective of the accounting standards banks are asked to follow, the markets can easily call this bluff and bid down their share prices.

 

1). Taming (Verb)

Definition: make less powerful and easier to control.

Synonyms: subdue, curb, control, calm, master, bring to heel

Usage: the battle to tame inflation

 

2). Earmarked (Verb)

Definition: designate (funds or resources) for a particular purpose.

Synonyms: set aside, lay aside, set apart, keep back, appropriate, reserve, keep

Usage: the cash had been earmarked for a big expansion of the programme

 

3). Barricades (Noun)

Definition: an improvised barrier erected across a street or other thoroughfare to prevent or delay the movement of opposing forces.

Synonyms:  barrier, obstacle, blockade, bar, fence, obstruction, roadblock, bulwark

Usage: the police action led to riots, with hundreds of demonstrators building barricades and burning vehicles

 

4). Bluff (Verb)

Definition: an attempt to deceive someone into believing that one can or is going to do something

Synonyms:  deception, subterfuge, pretence, sham, fake, show, deceit

Usage: the offer was denounced as a bluff

 

5). For-Bearance (Noun)

Definition: patient self-control; restraint and tolerance.

Synonyms:  tolerance, toleration, patience, resignation, endurance

Usage: his unfailing courtesy and forbearance under great provocation

 

6). Clogging (Verb)

Definition: block or become blocked with an accumulation of thick, wet matter

Synonyms:  block, obstruct, congest, jam, choke, bung up, dam (up)

Usage: the gutters were clogged up with leaves

 

7). Chicanery (Noun)

Definition: the use of deception or subterfuge to achieve one’s purpose

Synonyms:  trickery, deception, deceit, deceitfulness, duplicity, dishonesty

Usage: storylines packed with political chicanery

 

8). Creditors (Noun)

Definition: a person or company to whom money is owing.

Synonyms: acceptor, beneficiary, cashier, collector.

Usage: he sold his Ferraris to pay off his creditors

 

9). Miscreants (Noun)

Definition: a person who has done something wrong or unlawful

Synonyms: criminal, culprit, wrongdoer, malefactor, offender, villain, black hat, lawbreaker

Usage: the police are straining every nerve to bring the miscreants to justice

 

10). Unleashed (Verb)

Definition: release (a dog) from a leash

Synonyms: let loose, release, free, set free, loose, unloose, unbridle

Usage: they dig up badger setts and unleash terriers into them

 

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