The Hindu Editorial Vocabulary 8th April 2024

Read The Hindu Editorial Vocabulary 8th April 2024 to improve your word power. Candidates focus on learning new words regularly. We have covered a list of difficult words with contextual meanings in The Hindu Editorial Vocabulary 8th April 2024. Additionally, we cover synonyms and antonyms of difficult words.

The Hindu Vocab On The RBI’s Rate Decision

Price stability must remain non-negotiable

The RBI’s Monetary Policy Committee (MPC) has opted to keep the benchmark (a level of quality that can be used as a standard when comparing other things) policy repo rate unchanged at 6.5% for a seventh consecutive (Consecutive events, numbers, etc. follow one after another without an interruption) meeting citing food price pressures that are impeding (to make it more difficult for something to happen or more difficult for someone to do something) its efforts to slow inflation to the 4% target on a durable basis. Explaining the rate decision and the MPC’s resolve (to solve or end a problem or difficulty) to keep the policy stance focused on the withdrawal of accommodation (a place to stay or live), RBI Governor Shaktikanta Das remarked that the ‘elephant in the room – inflation’, which had hit a peak of 7.8% in April 2022, ‘appeared to be returning to the forest after having gone out for a walk’. “We would like the elephant to return to the forest and remain there on a durable basis,” he said, emphasising that in the best interest of the economy, it was essential to ensure that retail inflation (a general, continuous increase in prices) continued to moderate and aligned to the target on a durable basis. The monetary authority’s repeated emphasis (the particular importance or attention that is given to something) on ‘a durable basis’ underlines its concern that headline inflation and food price inflation in particular have remained stubbornly unpredictable, with the headline Consumer Price Index-based reading stuck above the RBI’s 4% target for 53 months through February 2024. Nor are the MPC’s projections for price stability in the new fiscal year significantly reassuring (making you feel less worried) in terms of the target: CPI inflation is expected to slow slightly to an average of 4.9% in the current quarter, then decelerate markedly and dip below target to 3.9% in Q2, before quickening again to 4.6% and 4.5% in Q3 and Q4, respectively.

The MPC is, however, more confident about the outlook for economic growth in the 12 months through March 2025, with the GDP expected to expand by 7% on average this year. For this it cites a multiplicity (a large number or wide range (of something) of factors: from expectations of a normal south-west monsoon, that it posits will boost agricultural activity and rural demand, to sustained (continuing for a long time) momentum in the manufacturing and services sectors. It also points to the RBI’s March round of the consumer confidence survey, which indicates that urban households are less pessimistic (thinking that bad things are more likely to happen or emphasizing the bad part of a situation) about the current situation and anticipate (to imagine or expect that something will happen) improvements in one year’s time on all five key parameters (a set of facts or a fixed limit that establishes or limits how something can or must happen or be done). surveyed. Monetary (relating to the money in a country) policymakers assert that improving incomes and a rise in readiness to spend on non-essentials augur well for a strengthening in private consumption, which has been struggling for momentum in recent quarters. It is the expectation of strong growth that gives the RBI the policy space to focus on targeting inflation, Mr. Das said. Only too aware that sticky inflation has not only dampened discretionary spending so far but also led to a sharp surge in personal loans for meeting essential expenditure (the total amount of money that a government or person spends), the RBI chief’s determination (the ability to continue trying to do something, although it is very difficult) to send the elephant back to the forest or risk seeing growth lose momentum again is well justified. Price stability (a situation in which something is not likely to move or change) can and must be non-negotiable.

The Hindu Editorial Vocabulary Wordlist 8th April 2024

Do you want to learn new words? Start your journey learning new words with The Hindu Editorial Vocabulary 8th April 2024 to know the contextual meanings of difficult words updated regularly.

• Benchmark: A level of quality that can be used as a standard when comparing other things.
• Consecutive: Consecutive events, numbers, etc. follow one after another without an interruption.
• Impeding: To make it more difficult for something to happen or more difficult for someone to do something.
• Resolve: To solve or end a problem or difficulty.
• Accommodation: A place to stay or live.
• Inflation: A general, continuous increase in prices.
• Emphasis: The particular importance or attention that is given to something.
• Reassuring: Making you feel less worried.
• Multiplicity: A large number or wide range (of something).
• Sustained: Continuing for a long time.
• Pessimistic: Thinking that bad things are more likely to happen or emphasizing the bad part of a situation.
• Anticipate: To imagine or expect that something will happen.
• Parameters: A set of facts or a fixed limit that establishes or limits how something can or must happen or be done.
• Monetary: Relating to the money in a country.
• Expenditure: The total amount of money that a government or person spends.
• Determination: The ability to continue trying to do something, although it is very difficult.
• Stability: A situation in which something is not likely to move or change.

The Hindu Vocabulary 8th April 2024 with Synonyms & Antonyms

Know Synonyms and Antonyms list of difficult words in The Hindu Editorial Vocabulary 8th April 2024 compiled in the table.

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