Repurpose existing dev finance arms

The Economic Times

Repurpose existing dev finance arms
18,Mar,2021

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.

Whopping (adjective)

Very big. बहुतबड़ा

Synonyms: Massive, Gigantic, Colossal, Mammoth

Antonyms: Small, Miniscule, Minute, Infinitesimal

Example: You are entitled to a whopping 40% off the recommended retail price.

Dismal (adjective)

Pitifully or disgracefully bad. निराशाजनक

Synonyms: Bad, Dreadful, Awful, Terrible

Antonyms: Hopeful, Great

Example: There is no magic formula to reduce these dismal figures.

Quandary (noun)

A state of perplexity or uncertainty over what to do in a difficult situation. उलझन असमंजस

Synonyms: Dilemma, Predicament, Difficulty, Perplexity

Antonyms: Solution, Boon

Example: He was in a quandary last Wednesday night.

Buoyant (adjective)

(of an economy, business, or market) involving or engaged in much successful trade or activity. बहुत फलता-फूलता

Synonyms: Booming, Vigorous, Growing, Developing

Antonyms: Failing, Low

Example: The American economy is amazingly buoyant, amazingly strong.

Ostensibly (adverb)

As appears or is stated to be true, though not necessarily so. प्रकटरूपसे

Synonyms: Seemingly, Apparently, Supposedly, Outwardly, Professedly

Antonyms: Truly, Genuinely, Really, Actually

Example: The party secretary resigned, ostensibly from ill health.

Woo (verb)

Seek the favour, support, or custom of. समर्थन माँगना

Synonyms: Pursue, Seek the support of, Try to cultivate

Antonyms: Ignore, Discourage

Example: Political parties have roped in Bollywood stars only to woo the young.

Paradigm (noun)

A typical example or pattern of something. मिसाल प्रतिमान

Synonyms: Specimen, Exemplar, Illustration, Prototype, Archetype, Epitome

Example: The war was a paradigm of the destructive side of human nature.

Appeasement (noun)

The practice of giving a country what it wants in order to avoid war. मनुहार

Synonyms: Conciliation, Placation, Pacification, Palliation, Pacification

Antonyms: Provocation, Aggravation, Disagreement

Example: This is not a time for political accommodation or popular appeasement.

Salvage (verb)

Retrieve or preserve (something) from potential loss or adverse circumstances. नुक़सान होने से बचाना

Synonyms: Retain, Preserve, Conserve

Antonyms: Harm, Lose

Example: In the last minute of injury time Ireland closed a one-goal deficit with Germany to salvage a draw.

Ominous (adjective)

Suggesting that something bad is going to happen in the future. अमंगल

Synonyms: Threatening, Foreboding, Inauspicious, Sinister, Unfavourable, unpromising

Antonyms: Unthreatening, Promising, Propitious, Encouraging

Example: There were ominous dark clouds gathering overhead.

The editorial

Source: The Economic Times · 18 Mar 2021

The Cabinet nod for an infrastructure-focused development finance institution (DFI) is noteworthy, given lacklustre credit growth in the backdrop of stepped up capital expenditure in the budget. But it would surely make better sense to repurpose an operational DFI, such as IFCI or IIFL, to boost project funding, with special focus on project vetting. Reports say that the National Bank for Financing Infrastructure and Development (NaBFID) is to be set up with a corpus of Rs 20,000 crore and an initial grant of Rs 5,000 crore from the Centre.

The National Investment and Infrastructure Fund (NIIF) has a corpus of $4.3 billion, is functional and can well provide arm’s-length funding for long-gestation projects. India Infrastructure Finance Company Ltd (IIFCL), agovernment enterprise, could reportedly be merged with the new DFI.

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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 Woo

2. Antonym of Whopping

3. Synonym of Paradigm

4. Antonym of Appeasement

5. Synonym of Ostensibly

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