The Hindu Vocab is perfect to boost your vocab knowledge for government exams. We have come up with the Hindu Editorial Vocabulary 11th April 2024 to list difficult words with contextual meaning. Read the vocab list daily to know new words with synonyms and antonyms.

The Hindu Vocab On The Electoral Bonds Scheme

More revelations from the electoral bonds necessitate a thorough investigation

In the last month or so, ever since the State Bank of India was compelled by the Supreme Court of India to release information on donations (money or goods that are given to help a person or organization, or the act of giving them) via electoral bonds to political parties, emerging (growing and developing) details have only confirmed the worst fears of naysayers in regulatory and policy-making institutions about the scheme before it was introduced by the Bharatiya Janata Party (BJP)-led government in 2018. A joint investigation that included The Hindu found that at least 33 companies that had aggregate losses of over ₹1 lakh crore from 2016-17 to 2022-23 had donated close to ₹582 crore, of which 75% went to the ruling BJP. Loss-making companies were donating substantial (large in size, value, or importance) sums; profit-making firms were making donations exceeding their aggregate profits; some donor firms were not reporting data on net profits or direct taxes; some newly incorporated firms were making donations before the stipulated (to say exactly how something must be or must be done) three-year period (after being formed) — the list of the rule-breaking and suspect (to think or believe something to be true or probable) sources of funding is significantly large. The nature of these donations raises several questions. Were these loss-making firms fronts to launder (to move money that has been obtained illegally through banks and other businesses to make it seem to have been obtained legally) money? Were the firms that did not report profit/losses shell companies? Were donor firms that made significant profits — but did not pay net direct taxes in aggregate for a significantly (in a way that is easy to see or by a large amount) long period — engaged in tax evasion? These supplement (something that is added to something else in order to improve it or complete it; something extra) other questions raised earlier — was the fact that a number of firms, under investigation by agencies such as the Enforcement Directorate and the Income-Tax Department, were significant donors for the ruling party, an indication that these agencies were being used as a means to ensure quid pro quo?

Reserve Bank of India and Election Commission of India officials were emphatic (If someone or something that they do or say is emphatic, it is strong and clear, without any possibility for doubt) in their apprehensions (worry about the future, or a fear that something unpleasant is going to happen) that the bonds scheme could be utilised in money laundering and tax evasion. Yet, the Union Finance Ministry went ahead with the scheme. In the five and a half years of its operation, thousands of crores were encashed by political parties via electoral bonds, with the BJP receiving the lion’s share. While the Court must be lauded for ending an opaque scheme with serious issues, the fact that large amounts were donated from dubious sources before every election is an indictment (something that shows a policy, system, society, etc. is bad or wrong) of the nature of campaign financing in place during this period. With the polity in India busy campaigning for the general election, it is up to the electorate to assess the effects of the electoral bonds scheme. But, more importantly, once the election is over and governance takes over, Parliament and the regulatory institutions must conduct a thorough investigation into the nature of donations and whether the donors and recipients (a person who receives something) broke laws. The judiciary must prod these institutions. A clean-up of campaign (a planned group of especially political, business, or military activities that are intended to achieve a particular aim) and electoral financing is a must for a healthy democracy (a country in which power is held by elected representatives).

The Hindu Editorial Vocabulary Wordlist 11th April 2024

Start your journey to improve word knowledge with the Hindu Editorial Vocabulary 11th April 2024. Improve your English and Comprehension skills.

• Emerging: Growing and Developing.
• Donations: Money or goods that are given to help a person or organization, or the act of giving them.
• Substantial: Large in size, value, or importance.
• Stipulated: To say exactly how something must be or must be done.
• Suspect: To think or believe something to be true or probable.
• Launder: To move money that has been obtained illegally through banks and other businesses to make it seem to have been obtained legally.
• Significantly: In a way that is easy to see or by a large amount.
• Supplement: Something that is added to something else in order to improve it or complete it; something extra.
• Emphatic: If someone or something that they do or say is emphatic, it is strong and clear, without any possibility for doubt.
• Apprehension: Worry about the future, or a fear that something unpleasant is going to happen.
• Indictment: Something that shows a policy, system, society, etc. is bad or wrong.
• Recipient: A person who receives something.
• Campaign: A planned group of especially political, business, or military activities that are intended to achieve a particular aim.
• Democracy: A country in which power is held by elected representatives.

The Hindu Vocab Master 11th April with Synonyms & Antonyms

Know the synonyms and antonyms of difficult words in Hindu Vocab Master 11th April compiled in the table.

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