The Hindu Editorial Vocabulary 25th May 2024

The Hindu Editorial Vocabulary 25th May 2024 is a perfect way to learn new words daily with meanings. Candidates preparing for government exams should know spellings, difficult words, and meanings to attempt English questions.

Hindu Vocab On RBI’s Surplus Fund Transfer To Union Government

The decision by the Reserve Bank of India’s board to transfer a record surplus (the amount of money you have left when you sell more than you buy, or spend less than you own) of almost ₹2.11 lakh crore to the Union government for 2023-24 will serve as a welcome shot in the arm for the new government when it presents its Budget in July. More than double the previous year’s ₹87,416 crore payout as well as the ₹1.02 lakh crore dividend-cum-surplus receipts from the banking and financial system and RBI that was pencilled into the interim (temporary and intended to be used or accepted until something permanent exists) Union Budget for 2024-25, the transfer (to move someone or something from one place, vehicle, person, or group to another) should give the next Finance Minister a fair bit of elbow room when computing the spending and fiscal math. The surge in transferable surplus reflects the prudent asset management approach adopted (of a road, etc.) owned and maintained (= kept in good condition) by a local government) by the Indian central bank, at a time of lingering global uncertainty and widespread policy tightening by central banks worldwide seeking to restore price stability (a situation in which something is not likely to move or change). While the specifics of the RBI’s 2023-24 balance sheet will be known in the coming days, clearly a combination of substantial gains from higher interest income earned on its holdings of overseas securities and the gains from its interventions in the foreign exchange market to smoothen volatility in the rupee’s moves must have contributed in swelling the surplus. The weekly statistical supplement (something that is added to something else in order to improve it or complete it; something extra) shows that as on March 29, total foreign exchange reserves had increased by $67.1 billion over the course of 12 months to $645.58 billion.

The RBI’s prudence has also extended to the crucial provisioning done under the Contingent Risk Buffer (CRB), where it has raised the level of funds set aside to cover for any unforeseen contingencies (something that might possibly happen in the future, usually causing problems or making further arrangements necessary) and risks to the economy. By raising the level of provisioning by 50 basis points to 6.5% of its balance sheet size for 2023-24, the central bank has clearly signalled its increased confidence in the health of the domestic economy even as it strengthens the buffer (an extra supply of materials that a company keeps in order to prevent a situation where none are available) against any sudden threats to stability from unexpected developments in the global financial system. For the new government that will assume office after the results of the ongoing general election are declared on June 4, the bountiful (generous in giving to others) surplus transfer from the RBI will give it an opportunity to raise capital spending, especially at a time when the key engine of private consumption expenditure (the total amount of money that a government or person spends) is still in search of sustained (continuing for a long time) tailwinds. The opportunity to use some of the additional bonanza to bridge the fiscal gap can also help strengthen the government’s finances and reassure investors of its commitment to the fiscal consolidation (the process of becoming or being made stronger and more certain) road map. The RBI has in its own quiet way paved the path for the next government to start with confidence in the resilience (the ability to be happy, successful, etc. again after something difficult or bad has happened) of the economy.

Hindu Editorial Vocab Wordlist 25th May 2024

You can learn new words and meanings daily with Hindu Editorial Vocabulary 25th May 2024. PracticeMock provides daily updated vocabulary with difficult words and meanings daily. It is an effective and accessible resource improving vocab knowledge.

• Surplus: The amount of money you have left when you sell more than you buy, or spend less than you own.
• Interim: Temporary and intended to be used or accepted until something permanent exists.
• Transfer: To move someone or something from one place, vehicle, person, or group to another.
• Adopted: (of a road, etc.) owned and maintained (= kept in good condition) by a local government.
• Stability: A situation in which something is not likely to move or change.
• Supplement: Something that is added to something else in order to improve it or complete it; something extra.
• Contingencies: Something that might possibly happen in the future, usually causing problems or making further arrangements necessary.
• Buffer: An extra supply of materials that a company keeps in order to prevent a situation where none are available.
• Bountiful: Generous in giving to others.
• Expenditure: The total amount of money that a government or person spends.
• Sustained: Continuing for a long time.
• Consolidation: The process of becoming or being made stronger and more certain.
• Resilience: The ability to be happy, successful, etc. again after something difficult or bad has happened

The Hindu Vocab Master 25th May with Synonyms & Antonyms

Know synonyms and antonyms of difficult words in Hindu Vocab Master on 25th May 2024.

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