The Hindu Editorial Vocabulary 15th October 2024

The Hindu Editorial Vocabulary 15th October 2024 is an effective tool for regularly learning new words and their contextual meanings. Candidates can utilize this free resource daily to improve their vocabulary knowledge, especially those preparing for government exams like the IBPS PO, SBI Clerk, SSC, and Others.

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Taking guard: On the RBI and growth concerns

The central bank’s price worries may be warranted but growth concerns are emerging

In a 5:1 majority verdict, the Reserve Bank of India’s Monetary Policy Committee (MPC), last week, decided to hold benchmark interest rate at 6.50%, the same level it has been since April 2023. One of the three newly inducted external members in the panel pushed for a 25 basis points (0.25 percentage points) rate cut, perhaps citing the decline in the headline inflation rate below the RBI’s median target of 4% in July and August. However, the MPC termed this downward trajectory (the curved path or development over time) of inflation as slow and uneven, and expected this moderation to reverse from September, as it has, to hit a nine-month high of 5.5%. The panel has not altered its 4.5% projection (calculation or guess about the future) for retail inflation and its GDP growth estimate of 7.2% through 2024-25, but has reworked the math. In the second quarter or Q2, it expected inflation to average 4.1% instead of 4.4%, but the September number takes it over 4.2%. In Q3, inflation is now expected to average higher at 4.8% from the MPC’s August estimate of 4.7%, before easing to 4.2% between January and March 2025. While the MPC has unanimously agreed on switching the monetary policy’s hawkish (supporting the use of force or strict measures) stance to ‘neutral’, going by these numbers, hopes of a rate cut at the next policy review in December remain slim, especially as the panel has reiterated that it remains unambiguously (in a clear and precise way) focused on durably aligning inflation to the 4% mark.

While food inflation remains a worry, with vegetable prices spiking again, the central bank Governor Shaktikanta Das has also flagged that core inflation (excluding food and energy costs) has bottomed out (reached the lowest point before starting to rise). Global oil and metal prices are fresh headaches to fret (be nervous or worried) about, along with the ever-looming threat of climate shocks. Perhaps, if these risks remain only on paper, it is plausible (seeming likely to be true) to expect a rate cut in February. It is instructive (giving useful or interesting information) that the RBI Governor only made a tangential (not directly connected) reference to the US Federal Reserve’s slashing of interest rates by a sharp 50 basis points last month as a “policy pivot”, indicating that domestic trends will determine the bank’s approach. But with the European Central Bank likely to cut interest rates too, and U.S. inflation dropping to a three-year low, prompting talk of another rate cut soon, the RBI may have to act faster. Notably, though it remains more bullish (confident and positive about the future) than most agencies on India’s growth trajectory (the path or direction of development), there are clear signs of a cooling in economic activity in the first half of this year, with stuttering car sales reflecting weaker urban consumption and industrial output slipping into contraction in August. If the tide does not turn on this front, the MPC, that has vowed to keep supporting growth while reining in inflation, could have an unenviable dilemma on its hands in the coming months.

Hindu Vocab Wordlist 15th October 2024

Upskill yourself and enhance your vocabulary knowledge. Candidates should begin learning new words daily with Hindu Editorial Vocabulary on 15th October 2024.

1. Trajectory: The curved path that an object follows after it has been thrown or shot into the air, or of an object that is traveling through space.
2. Projection: A calculation or guess about the future based on information that you have.
3. Hawkish: Supporting the use of force in political relationships rather than discussion or other more peaceful solutions.
4. Unambiguously: In a way that makes completely clear what is meant.
5. Bottomed out: To have reached the lowest point in a continuously changing situation and to be about to improve.
6. Fret: To be nervous or worried.
7. Plausible: Seeming likely to be true, or able to be believed.
8. Instructive: Giving useful or interesting information.
9. Tangential: (of a subject or activity) different from or not directly connected with the one you are talking about or doing.
10. Bullish: (in business) Confident and positive about the future.

Hindu Vocab Master 15th October 2024 with Synonyms & Antonyms

Here are the synonyms and antonyms of all the difficult words in Hindu Vocab Master for 15th October 2024:

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