Is this all that rbi can do

The Economic Times

Is this all that rbi can do
23,May,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.

Dubious (adjective)

Meaning- Not to be relied upon. संदिग्ध

Synonyms: Suspicious, Unreliable, Equivocal, Indeterminate, Questionable, Untrustworthy

Antonyms: Certain, Unquestionable, Definite, Trustworthy

Example: For some of these reports, he appears to have relied on highly dubious sources.

Robust (adjective)

Meaning- Strong and healthy. मजबूत

Synonyms: Sturdy, Vigorous, Powerful, Tough, Hardy, Well built

Antonyms: Weak, Frail, Infirm, Delicate

Example: She is a pleasantly robust woman of modest means, patriotic in convictions, guileless in manner.

Indigenous (adjective)

Meaning- Belonging to a particular place rather than coming to it from somewhere else. स्वदेशीय

Synonyms: Native, Local, Domestic, Inbred, Internal

Antonyms: Foreign, Nonnative, External, Overseas

Example: Those who speak indigenous languages or wear traditional dress are styled Indians.

Conducive (adjective)

Meaning- Making a certain situation or outcome likely or possible. उपकारी सहायक

Synonyms: Good for, Helpful to, Productive of, Useful for, Contributive, Instrumental

Antonyms: Unhelpful, Unfavourable, Useless

Example: The soft lights and music were conducive to a relaxed atmosphere.

Underscore (verb)

Meaning- To emphasize or show that something is important or true. ज़ोर देना

Synonyms: Emphasize, Point up, Give prominence to, Focus attention to, Stress

Antonyms: Understate, Tone down, Weaken

Example: His speech underscored the need for a clear policy.

Redundancy (noun)

Meaning- The state of being not or no longer needed or useful. बहुतायत निरर्थकता

Synonyms: Superfluity, Uselessness, Excess, Expendability, Prolixity

Antonyms: Want, Need, Requirement, Demand

Example: There are usually functional redundancies in the system provided by its components, which are overlooked because of the lack of information.

Obviate (verb)

Meaning- To remove a problem or the need for something. हटाना दूर करना

Synonyms: Preclude, Prevent, Get rid of, Do away with, Eliminate, Avert

Antonyms: Face, Confront, Meet, Permit

Example: This new evidence obviates the need for any further enquiries.

Replenishment (noun)

Meaning- Restoration of a stock or supply to a former level or condition. फिर से भरना

Synonyms: Replacement, Refilling, Substitution, Restoration

Antonyms: Emptiness, Blankness, Vacuity

Example: Computerization has enabled the automatic replenishment of stock.

Thriving (adjective)

Meaning- Continuing to be successful, strong, healthy, etc. फलता-फूलता

Synonyms: Flourishing, Prospering, Bloomy, Progressing, Advancing

Antonyms: Falling, Dying, Declining, Languishing

Example: The archaeological excavation uncovered what was once a thriving church community.

Overhaul (noun)

Meaning- An examination of a machine or system, including doing repairs on it or making changes to it. पूरी जाँच करके मरम्मत करना

Synonyms: Mend, Fix, Revamp, Service, Revamp

Antonyms: Ruin, Damage, Deterioration, Destruction

Example: The government has recently overhauled the healthcare system.

The editorial

Source: The Economic Times · 23 May 2020

It might be useful for the Reserve Bank of India (RBI) to glance through the latest issue of the central bank’s Weekly Statistical Supplement. Since April 1, till April 24, non-food bank credit has declined by over Rs 1 lakh crore. This, after RBI force-fed them liquidity worth nearly Rs 8 lakh crore through an alphabet soup of special facilities. Given this hard reality, how can RBI continue with the pretence that lowering policy rates and magnanimously adopting an accommodative stance will help push money into the hands of India’s economic agents? Accept the reality that India’s banks, burdened as they are by bad debt and hobbled as they are by the fear of incriminating investigations of credit decisions, are poor vehicles of financial intermediation. RBI has to look at other means, while the banks mend.Lowering the repo rate and the reverse repo rate by 40 basis points was the least the Monetary Policy Committee could do, after acknowledging the probability of negative growth this fiscal. Implicit in this decision is a statement that has a bearing on the government’s fiscal choices: this is not the time to worry about inflation, but to try and salvage growth from rubble, to which Covid-19 and the lockdown have reduced swathes of the economy. That is welcome. But what is the point of converting the interest accumulating over the six-month moratorium on loan servicing into a funded interest term loan, if it has to be fully amortised this fiscal itself? If economic growth is expected to be negative, how can companies generate enough revenue and operating profits to pay off such dues in the current fiscal? The US Fed is using some special vehicles set up by the Treasury to buy bonds issued by companies. What prevents RBI from taking such an initiative and putting money in the hands of economic agents, instead of being expansively accommodative towards banks that find it hard to lend?

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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 Dubious

2. Antonym of Underscore

3. Synonym of Conducive

4. Antonym of Replenishment

5. Synonym of Redundancy

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