Resist siren song of cheap loans abroad

The Economic Times

Resist siren song of cheap loans abroad
22,Apr,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.

Ramification (noun)

A complex or unwelcome consequence of an action or event. जटिलता

Synonyms: Aftermath, Consequence, Outcome, Effect

Antonyms: Cause, Source

Example: The outcome will have widespread ramifications for business as well as for the rest of society.

Endearingly (adverb)

In a manner that inspires affection. प्रीतिकर ढंग से

Synonyms: Passionately, Affectionately, Devotedly

Example: He smiled endearingly at her.

Forge (verb)

To put a lot of effort into making something successful or strong so that it will last. बना देना

Synonyms: Build up, Put together, Set up, Establish

Antonyms: Demolish, Tear down

Example: The country is forging a bright new future.

Foster (verb)

Encourage the development of (something, especially something desirable) प्रोत्साहन देना

Synonyms: Encourage, Stimulate, Cultivate, Strengthen

Antonyms: Hinder, Ignore, Suppress

Example: The teacher's task is to foster learning.

Entourage (noun)

A group of people attending or surrounding an important person. अनुगामी

Synonyms: Retinue, Escort, Cortege, Suite

Antonyms: Leader, Chief

Example: He arrived in his plane with an entourage of officials and media people from Cameroon.

Stance (noun)

The attitude of a person or organization towards something; a standpoint. रवैया

Synonyms: Stand, Point of view, Opinion, Outlook

Example: In particular, his robust stance on discipline is very welcome.

Clout (noun)

Influence or power, especially in politics or business. बोलबालाप्रभाव

Synonyms: Influence, Sway, Control, Say, Domination, Power

Antonyms: Weakness, Powerlessness, Deficiency

Example: I knew his opinion carried a lot of clout with them.

Emulate (verb)

To try to do something as well as somebody else because you admire them. अनुसरण करना

Synonyms: Imitate, Mimic, Copy

Example: She hopes to emulate her sister's sporting achievements.

Whim (noun)

A sudden desire or change of mind, especially one that is unusual or unexplained. सनक

Synonyms: Impulse, Urge, Notion, Vagary

Antonyms: Aversion, Disinclination, Disincentive

Example: She bought it on a whim.

Euphoric (adjective)

Characterized by or feeling intense excitement and happiness. उल्लासमय

Synonyms: Elated, Happy, Joyful, Delighted

Antonyms: Unhappy, Depressed, Miserable

Example: I expected to feel euphoric after finally fulfilling my lame ambition, but instead I was unsettled.

The editorial

Source: The Economic Times · 22 Apr 2021

The exchange rate is heading towards Rs 76 to the dollar. Exporters will be happy, but those who have borrowed in hard currency face a financial shock. Dollar loans with low interest rates suddenly look very expensive because of rupee depreciation. Let this be a warning against the siren song of foreign lenders, urging Indians to borrow dollars at low rates.

Larry Summers and Paul Krugman expect interest rates to remain low for the foreseeable future. Their thesis of ‘secular stagnation’ says ageing populations who spend less than youngsters, plus the shift from capital-intensive manufacturing to capital-light services, will permanently create a savings glut, keeping interest rates low.

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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 Stance

2. Antonym of Entourage

3. Synonym of Emulate

4. Antonym of Whim

5. Synonym of Endearingly

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