Corporate bond repo should become real

The Economic Times

Corporate bond repo should become real
24,Jan,2020

10 words from this day's editorials with Hindi meaning

Read the words first, then the editorial: you will meet them in the text and remember them. Tap a word for its dictionary page.

Reckon (verb)

Meaning: To be generally considered to be something. माना जाना

Synonyms: Consider, Regard as, Think of as, Look on as, Deem

Antonyms: Ignore, Disregard, Dismiss, Neglect

Example: The event was reckoned a failure

Whiff (noun)

Meaning: A slight sign or feeling of something. संकेत

Synonyms: Sign, Trace, Augury, Portent

Example: The smoke suggests a whiff of danger lurking around the corner.

Squabble (noun)

Meaning: A noisy argument about something that is not very important. तकरार

Synonyms: Spat, Bickering, Quibble, Tiff

Antonyms: Agreement, Harmony, Accord, Concurrence

Example: As usual Papa found a way to settle the squabble.

Touchstone (noun)

Meaning: A standard or criterion by which something is judged or recognized. मापदंड

Synonyms: Criterion, Standard, Yardstick, Benchmark

Example: Job security has become the touchstone of a good job for many employees.

Hanker (verb)

Meaning: Feel a strong desire for or to do something. लालायित होना

Synonyms: Yearn, Crave, Pant After, Fancy

Antonyms: Despise, Loathe, Hate, Be Averse

Example: Even after all these years, I still hanker after a motorbike.

Vagarious (adjective)

Meaning: Erratic and unpredictable in behaviour or direction. मनमौजी

Synonyms: Volatile, Fickle, Mercurial, Capricious

Antonyms: Stable, Unchanging, Steady, Unvarying

Example: Nowadays, there is vigorous and vagarious competition in the software market.

Supplant (verb)

Meaning: Supersede and replace. उखाड़ना, हटाकर अपना अधिकार करना

Synonyms: Override, Supersede, Usurp, Topple, Oust, Displace

Antonyms: Install, Appoint, Invest, Instate

Example: He was hanged for plotting to supplant the king.

Deduce (verb)

Meaning: To form an opinion about something based on the information or evidence that is available. अनुमान करना

Synonyms: Conclude, Come to The Conclusion, Reason, Infer, Draw The Inference

Antonyms: Guess, Make an Estimate of

Example: Can we deduce from your silence that you do not approve?

Laissez-faire (noun)

Meaning: The policy of allowing private businesses to develop without government control. बीच में न आने की नीति

Synonyms: Individualism, Free Enterprise, Free Trade

Example: But these firms would still do better overall than under a policy of laissez-faire.

Apologist (noun)

Meaning: A person who offers an argument in defence of something controversial. समर्थक

Synonyms: Defender, Supporter, Upholder, Exponent, Apostle

Antonyms: Critic, Enemy, Foe

Example: I am no apologist for Hitler, observed Pyat.

The editorial

Source: The Economic Times · 24 Jan 2020

The marked dichotomy in the regulatory regimes for government securities and corporate bonds seems to have stultified an active market for the latter. RBI’s July 2018 guidelines for repurchase transactions (repo) in corporate debt securities, which mandate quite arbitrary haircuts and margining requirements, appear to have further widened the disparity. Little wonder that 98% corporate debt on average is privately placed, and held to maturity, thus precluding modern arm’s-length finance in India, still reliant on opaque bank funding even for long-gestation infrastructure projects. Such a state of affairs clearly calls for proactive reforms.

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Quick quiz: 5 questions on these words

Synonyms and antonyms, the way exams ask them. Answers show as you tap.

1. Synonym of Whiff

2. Antonym of Hanker

3. Synonym of Reckon

4. Antonym of Deduce

5. Synonym of Touchstone

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