Don’t eliminate mdr

The Times of India

Don’t eliminate mdr
25,Feb,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.

Outcry (noun)

Meaning- A reaction of anger or strong protest shown by people in public. कड़ा विरोध

Synonyms: Vociferation, Furore, Uproar, Commotion

Antonyms: Approval, Consent, Credence, Assent

Example: An outcry from the peasants for the poor working conditions forced the landowner to make changes due to their complaints.

Fiduciary (noun)

Meaning- A person or company that is in a position of trust, especially when it involves controlling money or property belonging to others. विश्वास पद का

Synonyms: Custodian, Depository, Guardian, Trustee

Example: It is entitled to compel the faithless fiduciaries to answer for their default according to their gain.

Cater (verb)

Meaning- Provide with what is needed or required. आवश्यकताएं पूरी करना

Synonyms: Supply, Provide, Serve, Fulfil, meet the needs, furnish

Antonyms: Ignore, Disregard, Overlook, Neglect

Example: The Paytm app cater to the needs of the smartphone users and promote cashless transactions.

Devise (verb)

Meaning- To invent something new or a new way of doing something. ईजाद करना

Synonyms: Invent, Formulate, Develop, Conceive, concoct

Antonyms: Copy, Replicate, Imitate

Example: A new system has been devised to control traffic in the city.

Canvass (verb)

Meaning- To ask people to support a particular person, political party, etc., either by going around an area and talking to people or by phoning them. वोट माँगना

Synonyms: Seek, Try to Obtain, Go After, Make A Pitch For, Try To Obtain. Solicit

Antonyms: Neglect, Ignore, Abstain

Example: Party workers are busy canvassing local residents.

Passive (adjective)

Meaning- Not participating readily or actively; inactive. निष्क्रिय

Synonyms: Inactive, Inoperative, Dormant, Idle

Antonyms: Active, Energetic, Proactive, Lively

Example: Passive hobbies do not sit well with the active teenager who likes to stay on the move.

Imminent (adjective)

Meaning- About to happen. निकट का

Synonyms: Impending, Forthcoming, Approaching, Nearing

Antonyms: Distant, Unlikely, Doubtful

Example: An announcement about his resignation is imminent.

Ramification (noun)

Meaning- One of a number of complicated and unexpected results that follow an action or a decision. नतीजा

Synonyms: Consequence, Result, Effect, upshot

Antonyms: Cause, Origin, Source

Example: These changes are bound to have widespread social ramifications.

Demagogue (noun)

Meaning- A political leader who tries to win support by using arguments based on emotion rather than reason. जनोत्तेजक

Synonyms: Rabble-Rouser, Agitator

Antonyms: Peace-Maker, Reconciler

Example: The outrageous post was written by a demagogue who used social networks to influence voters.

Contour (noun)

Meaning- The outer edges of something; the outline of its shape or form. रूप-रेखा

Synonyms: Outline, Shapes, Figure, Curves

Example: She traced the contours of his face with her finger.

The editorial

Source: The Times of India · 25 Feb 2020

Administrative fiats to deepen digital transactions will be counter-productive.

A positive spin-off of the increasing digitalisation of human activity is an explosion in digital payments. An RBI appointed committee on the subject chaired by Nandan Nilekani concluded last year that in a space of five years, per capita annual digital transactions rose from 2.4 to 22. In keeping with finance minister Nirmala Sitharaman’s proposal in her first budget last year, the process of eliminating Merchant Discount Rate (MDR) began this year. MDR is a catchall term which encompasses the range of fees collected by different entities which make a digital transaction possible. This step needs to be seen in the context of the constraints existing in India’s digital payments ecosystem.

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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 Demagogue

2. Antonym of Imminent

3. Synonym of Outcry

4. Antonym of Ramification

5. Synonym of Passive

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