English Vocabulary from “The Hindu Editorial”-(Day-87)

Important English Vocabulary from “The Hindu Editorial”-(Day-87):

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”

Click Here for More Important English Vocabulary from “The Economist” – Free PDF

The Hindu Editorial – 27.01.2018

ASEAN rising

India and Southeast Asia need to move beyond summitry to deeper integration

As leaders of the 10 countries of the Association of Southeast Asian Nations gathered in New Delhi this week, India’s ties with ASEAN got a dose of both symbolism and substance. The ASEAN-India Commemorative Summit, followed by their attendance at the Republic Day parade as joint chief guests, underlined the new consensus on the need for Southeast Asia and India to boost cooperation. First, as the demand for goods in Western economies comes down, the region needs to look deeper within to grow markets and increase trade. Second, continuing tensions between the “great powers” — between the U.S. and Russia, or the U.S. and China — are forcing the unaligned countries of ASEAN and India to forge a common understanding. China’s moves in particular, both its naval forays in the Indo-Pacific and its Belt and Road Initiative connectivity project have the potential to change equations in the region. Third, as Singapore’s Prime Minister and the Chairman of ASEAN, Lee Hsien Loong, reminded the world in an editorial, and Prime Minister Narendra Modi said in his speech at the summit, India’s cultural and trade ties with Southeast Asia go back 2,000 years and with Southeast Asia having come out of the overhang of Cold War divisions, India and ASEAN have a unique opportunity to reap the potential of their geographic proximity. The Delhi Declaration they signed articulated their urgent concerns as ASEAN and India called for measures to deepen security, economic and socio-cultural cooperation, and connectivity. These include joint mechanisms for maritime transport, trade and a “code of conduct” for the South China Sea.  But it must not be forgotten that when ASEAN-India leaders last gathered together in New Delhi in 2012 to mark the 20th anniversary of the dialogue partnership, they had made a similar commitment to trade and maritime security, and several promises are yet to be realized. With trade with ASEAN at $76 billion, India ranks lower than not just the U.S. and China, but also South Korea, Japan and Australia. The Regional Comprehensive  Economic  Partnership  negotiations  launched  in 2012 have been held up, largely because of Indian concerns  over  unfettered  access to Chinese  goods  and ASEAN resistance to movement of Indian services and labour. The other big unfulfilled promise is on connectivity, between ASEAN countries and India, as well as India’s connectivity through its Northeast to Myanmar and beyond. Work on the extension of the India-Myanmar-Thailand Trilateral Highway, the Kaladan multimodal highway, and Tamu-Kalay rail link to Myanmar has lagged behind deadlines. Border trade posts and infrastructure in the Northeast need much improvement to attract investment in the region. India and the ASEAN countries have much to gain from each other — but heavy-lifting is required to integrate India into the ASEAN equation. Else, shared history and culture and political leaderships in sync may only yield rousing summitry.

The oil risk

India needs to expedite steps that can help minimize the impact of higher oil prices

As international oil prices head higher, India will have to brace itself for the economic risks of expensive energy.  Brent crude oil futures were trading at about $70 a barrel on Friday, marking a four year high and a price increase of close to 6% since the start of the year. The rise in international prices has been particularly sharp given that oil had been selling at below $45 in June. This is a rally of about 55% in a matter of just months. Oil price dynamics have often been explained by changes in the supply outlook influenced by the decisions of major oil producers. Oil trading at $70 should offer some respite to traditional oil producers like the OPEC members, which have suffered the on slaught of U.S. shale producers. According to the IMF, last year, for instance, Saudi Arabia would break even on its budget with oil at $70. The recent spurt in oil prices, however, seems to be more the result of a weakening of the U.S. dollar than anything else. The dollar has been gradually weakening against major global currencies since the beginning of last year. But the trend was given a new push following comments by U.S. Treasury Secretary Steven Mnuchin in favour of a weak-dollar policy. At Davos this week, Mr. Mnuchin noted that a weaker dollar would be good for American trade. However, given that the U.S. is right in the middle of a monetary tightening cycle, it is unlikely that the dollar will continue to boost oil prices, unless the Federal Reserve slows the projected pace of interest rate increases. Consumers in India are already beginning to feel the pinch as petrol and diesel prices have hit multi-year highs. The retail selling price of both petrol and diesel in Delhi, for instance, has risen by close to Rs. 3 a liter since the beginning of 2018. The rise in domestic fuel prices is on expected lines given the policy of dynamic daily pricing of petrol and diesel adopted by the Centre. But as rising oil prices put pressure on domestic consumers, the government will have to desist from resorting to subsidies to ease the pain. It should work towards rationalising taxes on petrol and diesel to bring down retail prices. This will help consumers without imposing an undue burden on the oil marketing companies. An even bigger risk posed by higher oil prices is to the government’s fiscal management. With the fiscal windfall from low oil prices likely to end for now, the government should think for the long term and make crucial tweaks to its hydrocarbon exploration and licensing policy to expedite oil discovery and production. Simultaneously, it must take a leaf from China’s book and actively support Indian energy firms’ bids for overseas oilfields. Self-reliance is ultimately the best hedge.

 

1). Forge (Verb)

Definition: make or shape (a metal object) by heating it in a fire or furnace and hammering it.

Synonyms:  hammer out, beat into shape, found, cast, mould, model

Usage: he forged a great suit of black armour

 

2). Forays (Noun)

Definition: a sudden attack or incursion into enemy territory, especially to obtain something

Synonyms:  raid, attack, assault, incursion, swoop, strike, charge

Usage: the garrison made a foray against Richard’s camp

 

3). Overhang (Verb)

Definition:  hang or extend outwards over.

Synonyms: stick out, stand out, extend, project (over)

Usage: a concrete path overhung by jacaranda trees

 

4). Unfettered (Adjective)

Definition: not confined or restricted

Synonyms:  unrestrained, unrestricted, unconstrained, free, unbridled, untrammelled

Usage: his imagination is unfettered by the laws of logic

 

5). Rousing (Adjective)

Definition: exciting; stirring

Synonyms:  stirring, inspiring, exciting, stimulating, moving, electrifying, invigorating

Usage: a rousing speech

 

6). Spurt (Verb)

Definition: gush out in a sudden and forceful stream.

Synonyms:  squirt, shoot, spray, fountain, jet, erupt

Usage: he cut his finger, and blood spurted over the sliced potatoes

 

7). Desist (Verb)

Definition: stop doing something; cease or abstain

Synonyms: abstain, refrain, forbear, hold back

Usage: each pledged to desist from acts of sabotage

 

8). Hedge (Noun)

Definition: a fence or boundary formed by closely growing bushes or shrubs

Synonyms: hedgerow, row of bushes, fence

Usage: a privet hedge

 

9). Crucial (Adjective)

Definition: decisive or critical, especially in the success or failure of something

Synonyms: pivotal, critical, key, climacteric, decisive, deciding, determining

Usage: negotiations were at a crucial stage

 

10). Undue (Adjective)

Definition: unwarranted or inappropriate because excessive or disproportionate

Synonyms: excessive, extreme, immoderate, intemperate, disproportionate

Usage: this figure did not give rise to undue concern

 

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