Vital suggestions to strengthen ibc

The Economic Times

Vital suggestions to strengthen ibc
10,Apr,2019

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.

Fledgling (adjective)

Meaning: Young and inexperienced. अनुभवहीन, नवागंतुक

Synonyms: Emerging, Dawning, Budding, Callow, Nascent, Novice

Antonyms: Mature, Professional, Veteran, Pro

Example: The current economic climate is particularly difficult for fledgling businesses.

Eventually (adverb)

Meaning: in the end, especially after a long delay, dispute, or series of problems. अंत में

Synonyms: ultimately, finally, at last, sooner or later, in the end

Antonyms: immediately, at once, forthwith

Example: The couple eventually wed after an eighteen year engagement.

Exemption (noun)

Meaning: the action of freeing or state of being free from an obligation or liability imposed on others. छूट, मुक्ति

Synonyms: Immunity, Dispensation, Indemnity, Impunity

Antonyms: Liability, Accountability, Onus, Obligation

Example: You qualify for a tax exemption on the loan.

Vivid (adjective)

Meaning: producing powerful feelings or strong, clear images in the mind. ज्वलंत, सुस्पष्ट

Synonyms: Evocative, Lucid, Lively, Scintillating, Bright

Antonyms: Vague, Obscure, Dull, Dreary, Murky

Example: He gave a vivid account of his life as a fighter pilot.

Vow (verb)

Meaning: solemnly promise to do a specified thing. शपथ लेना

Synonyms: Swear, Pledge, Plight, Avow, Guarantee

Antonyms: Disavow, Disclaim, Repudiate, Rebut

Example: They vowed for lifetime togetherness when they got married.

Staple (noun)

Meaning: a main or important element of something प्रधान

Synonyms: Chief, Principal, Primary, Essential, Major, Prime

Antonyms: Trivial, Minor, Insignificant, Auxiliary

Example: She seems to be the staple topic of conversation at the moment.

Insidious (adjective)

Meaning: proceeding in a gradual, subtle way, but with very harmful effects कपटी, धोखेबाज

Synonyms: Surreptitious, Sneaking, Machiavellian, Guileful, Sly, Wily

Antonyms: Straightforward, Artless, Forthright, Candid

Example: They are, in my view, the most insidious of traitors.

Trite (adjective)

Meaning: (of a remark or idea) lacking originality or freshness; dull on account of overuse. घिसे-पिटे

Synonyms: Banal, Hackneyed, Clichéd, Commonplace, Platitudinous

Antonyms: Novel, Unfamiliar, Original, Fresh, Imaginative

Example: The movie's dialogue is trite and uninspired.

Salvage (verb)

Meaning: retrieve or preserve (something) from potential loss or adverse circumstances. नुक़सान होने से बचाना, मदद देना

Synonyms: Retain, Preserve, Conserve, Regain, Recoup, Redeem

Antonyms: Injure, Endanger, Vandalize

Example: He wondered what he could do to salvage the situation.

Glare (noun)

Meaning: oppressive public attention; a fierce or angry stare; ग़ुस्सैल निगाह

Synonyms: Glower, Scowl, Frown, Lour

Antonyms: Smile, Grin, Cheer, Beam

Example: She fixed her questioner with an icy glare.

The editorial

Source: The Economic Times · 10 Apr 2019

A column in this newspaper by Amitabh Kant, CEO, NITI Aayog, and Richa Roy, a lawyer, rightly underscored the need to strengthen the working of the Insolvency and Bankruptcy Code (IBC) for effective resolution of corporate distress. It assumes significance following the Supreme Court’s decision to quash RBI’s February 12 circular that directed banks to initiate bankruptcy proceedings against defaults above a specified amount. Banks must now, on their own volition, put the code to use. It is the real cure to tackle corporate sickness. But more can, and should be, done for the IBC to deliver better outcomes. For one, the government should provide more human and financial resources to the National Company Law Tribunal. Its appellate tribunals have interpreted the law, for example, on the share of different classes of creditors on the resolution proceeds. This must be corrected.

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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 Trite

2. Antonym of Vivid

3. Synonym of Insidious

4. Antonym of Eventually

5. Synonym of Salvage

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