The Hindu Editorial Vocabulary 10th June 2024

The Hindu Editorial Vocabulary 10th June 2024 is an accessible free tool to know difficult words and their contextual meanings based on a Hindu Article. Aspirants interested in learning new words daily with their meanings can follow our blog. We provide synonyms and antonyms of difficult words.

Hindu Vocab On RBI Monetary Policy Committee Meeting

The RBI’s Monetary Policy Committee (MPC) has for an eighth consecutive (following one after another without an interruption) meeting chosen to leave the benchmark repo rate unchanged at 6.50% on concern that ‘elevated (high or important) food inflation could derail’ its efforts to ensure durable price stability. Governor Shaktikanta Das, who had just two months ago spoken of the ‘elephant’ of inflation having begun its journey back to the forest after going on a walkabout, flagged the risk that stubborn (things that are stubborn are difficult to move, change, or deal with) food price gains pose to the overall disinflation path as justification for the MPC’s stand. Food inflation as measured by the Consumer Food Price Index accelerated (faster than usual) to a provisional 8.7% in April, from March’s 8.52%, and recent indicators such as Crisil’s food plate costs suggest that price gains spurred by a surge in tomato, onion and potato prices may have quickened even further in May. The Centre for Monitoring Indian Economy (CMIE) forecast (a statement of what is judged likely to happen in the future, especially in connection with a particular situation, or the expected weather conditions) on June 8, that headline retail inflation likely increased by 31 basis points last month to 5.14%, driven almost entirely by a 40 basis points acceleration in food price gains to 9.1%. The MPC, which voted by a 4-2 majority to “remain focussed on withdrawal of accommodation to ensure that inflation progressively (gradually) aligns to the target” of 4%, flagged the challenges it faces in achieving this goal as increasing adverse climate events trigger supply shocks that make it very hard to foresee the food price trajectory. The CMIE cited last month’s heatwaves as the cause for the rise in the costs of fruits and vegetables.

The MPC is also only too aware that besides the threat from escalating (to become or make something become greater or more serious) food costs, which remain vulnerable to the precariously (in a way that is likely to fall, be damaged, fail, etc) low water storage levels at the country’s reservoirs as well as the ongoing exceptionally hot summer temperatures, rising prices of industrial metals could undermine the deflationary (connected with a reduction of the supply of money in an economy, and therefore a reduction of economic activity, that is often part of an intentional government plan to reduce prices) trend in core inflation. Add to the mix the uncertain outlook for crude oil prices given the tensions in West Asia and the output cuts being implemented by the OPEC+ producer nations, and it is a recipe for heightened uncertainty on the inflation path. The RBI’s latest round of surveys underline precisely why price stability (a situation in which something is not likely to move or change) is the central concern for policymakers. While households’ surveyed in May expect inflation (a general, continuous increase in prices) to quicken for all major product groups, both over the three months and one year ahead periods, consumer confidence too moderated from the March round of the survey with an increased majority of almost 80% of respondents expecting price gains to accelerate in one year’s time. Governor Das is absolutely justified in maintaining an unwavering focus on anchoring inflation expectations, given that it is, as he put it, “the required foundation for sustained” long-term growth.

Hindu Vocab Wordlist 10th June 2024

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• Consecutive: Following one after another without an interruption.
• Elevated: High or important.
• Stubborn: Things that are stubborn are difficult to move, change, or deal with.
• Accelerated: Faster than usual.
• Forecast: A statement of what is judged likely to happen in the future, especially in connection with a particular situation, or the expected weather conditions.
• Progressively: Gradually
• Escalating: To become or make something become greater or more serious.
• Precariously: In a way that is likely to fall, be damaged, fail, etc.
• Deflationary: Connected with a reduction of the supply of money in an economy, and therefore a reduction of economic activity, that is often part of an intentional government plan to reduce prices.
• Stability: A situation in which something is not likely to move or change.
• Inflation: A general, continuous increase in prices.

The Hindu Vocab Master 10th June with Synonyms & Antonyms

Know synonyms and antonyms of difficult words in Hindu Vocab Master on 10th June 2024.

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