The Hindu Editorial Vocabulary 3rd September 2024

The Hindu Editorial Vocabulary 3rd September 2024 is an effective tool for learning new words and their contextual meanings regularly. Candidates can fully 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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Enhancing oversight: On the GST Council meet and issues

The GST Council could do more to smoothen the tax regime

The Goods and Services Tax (GST) Council, entrusted with overseeing (having the responsibility of making sure that something is done correctly) the seven-year-old indirect tax regime, is slated (scheduled or planned) to meet on September 9. This would be its second sitting in under three months, after a nine-month pause. The Council, whose parleys (discussions or negotiations) steered (guided or directed) by the Union Finance Minister with States’ representatives are critical for resolving taxpayer challenges and setting broader policy direction, ought to meet regularly at such frequency. A key expectation from the upcoming meet revolves around the much-awaited review of GST’s complex, multiple-rate structure. In June, the Council resolved to take stock of the progress made on this front by a ministerial group (GoM) appointed in 2021, and deliberate (consider carefully) on the path forward. However, going by State Ministers’ recent submissions to the GoM, progress is likely to be slow and arduous (requiring a lot of effort; difficult), with most members signalling an aversion (a strong dislike or unwillingness) to shake things up when revenues are healthy. Ideally, the Council should at least set a timeline for concluding the group’s deliberations and nudge (encourage gently) it to come up with a couple of alternatives for the revamped rate structure if consensus is difficult to attain. These could then be deliberated over by the Council, possibly with some public feedback incorporated. Beyond the broader revamp (the process of improving or updating something), the Council could also be briefed this time on the feasibility (the state of being easily or conveniently done) of reviewing the 18% GST levy on individual goods and services such as health insurance and life cover, that have attracted attention recently within and outside Parliament. These have been assessed by officials in the past too, without resulting in any change in stance.

The inclusion of items such as electricity, petroleum, and alcohol into the GST net, something that industry and economists have been advocating (publicly recommending or supporting) for years, may be even more tricky. States gave up a lot of taxation power for the GST’s rollout, and are unlikely to be amenable (open and responsive to suggestion; easily persuaded) to yielding further space, particularly as quite a few States’ ties with the Centre are “acrimonious” (bitter and angry), as former Chief Economic Adviser Arvind Subramanian recently pointed out. While it will be instructive (providing useful information or insight) to see the direction the Council takes on these issues, greater monitoring of the nitty-gritty (the most important aspects or practical details of a subject or situation) of GST’s day-to-day functioning is needed as well. Revenue trends remain healthy with about 10% growth this fiscal but the pace of refunds to taxpayers has been unusually uneven. Net GST receipts rose under 7% in three of the last five months but jumped about 15% in months when refunds dropped sharply. The Council must not overlook such details, though they may seem relatively obscure (not clearly expressed or easily understood) in the bigger picture. This could help prevent ungainly (clumsy; awkward) twists for the industry, be it registration or refund challenges, or the spectre (a threat or danger) of confusion created by recent large tax demands on IT majors.

Hindu Vocab Wordlist 3rd September 2024

Upskill yourself and enhance your vocabulary knowledge. Candidates should begin learning new words daily with Hindu Editorial Vocabulary on 3rd September 2024.

• Overseeing: A method of observing or planning a task or a process to ensure it is being done properly.
• Slated: To be anticipated to occur or take place in the future or to be or do something in the future.
• Parleys: A dialogue between two parties, or persons especially when the aim is to settle the issue at hand.
• Steered: In one’s view to determine how a car or a certain situation will turn out to be or to steer it in a particular way.
• Deliberate: But all joking aside; to consider something earnestly and seriously and discuss it with due concern.
• Arduous: Challenging that requires a lot of work and strength to accomplish.
• Aversion: A compulsive uneasiness and the desire to avoid a place or thing, or a reluctance to engage in a particular activity.
• Nudge: To prod, shove, or nudge something or someone, especially when you use your elbow to do so to get the attention of that particular person.
• Revamp: To alter or reposition once more to make it better.
• Feasibility: The achievable probability, can be accomplished, or is rational.
• Advocating: To endorse or recommend an idea, a development, or how something is done in the public domain.
• Amenable: Ready to follow somebody’s advice or suggestion.
• Acrimonious: Full of anger, arguments, and bad feelings.
• Instructive: Telling something that is beneficial or provides some entertainment.
• Nitty-gritty: Plain and straightforward facts of a case.
• Obscure: Not recognized by many or vague and hardly recognizable or distinguishable.
• Ungainly: Lacking refined bodily movements.
• Spectre: An unpleasant situation that may occur in the future.

Hindu Vocab Master 3rd September with Synonyms & Antonyms

Here are the synonyms and antonyms of all the difficult words in Hindu Vocab Master for 3rd September 2024.

Word	Synonyms	Antonyms
Overseeing	Supervising, Managing, Directing, Monitoring	Neglecting, Ignoring, Overlooking, Disregarding
Slated	Scheduled, Planned, Expected, Set	Unscheduled, Unexpected, Postponed, Deferred
Parleys	Negotiations, Discussions, Talks, Consultations	Conflicts, Disagreements, Arguments, Confrontations
Steered	Guided, Directed, Led, Navigated	Misguided, Misled, Confused, Strayed
Deliberate	Contemplative, Thoughtful, Intentional, Considered	Hasty, Rash, Impulsive, Careless
Arduous	Difficult, Challenging, Strenuous, Tough	Easy, Simple, Effortless, Light
Aversion	Dislike, Distaste, Repulsion, Reluctance	Attraction, Liking, Fondness, Preference
Nudge	Prod, Push, Shove, Jostle	Ignore, Overlook, Neglect, Avoid
Revamp	Renovate, Overhaul, Update, Improve	Deteriorate, Worsen, Maintain, Preserve
Feasibility	Viability, Practicality, Achievability, Possibility	Impracticality, Unfeasibility, Infeasibility, Impossibility
Advocating	Supporting, Promoting, Endorsing, Championing	Opposing, Denouncing, Criticizing, Condemning
Amenable	Agreeable, Willing, Open, Responsive	Uncooperative, Resistant, Reluctant, Hostile
Acrimonious	Bitter, Hostile, Resentful, Caustic	Friendly, Amicable, Cordial, Pleasant
Instructive	Educational, Informative, Enlightening, Beneficial	Misleading, Uninformative, Confusing, Deceptive
Nitty-gritty	Basics, Essentials, Fundamentals, Details	Superficiality, Irrelevance, Complexity, Abstract
Obscure	Vague, Unclear, Ambiguous, Hidden	Clear, Obvious, Explicit, Revealed
Ungainly	Clumsy, Awkward, Uncoordinated, Inelegant	Graceful, Agile, Coordinated, Poised
Spectre	Threat, Danger, Menace, Worry	Assurance, Safety, Security, Comfort