Welcome move for pre packed resolution

The Economic Times

Welcome move for pre packed resolution
09,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.

Multitudinous (adjective)

Very numerous. बहुसंख्यक

Synonyms: Abundant, Profuse, Prolific, Innumerable

Antonyms: Limited, Countable

Example: Next he moved on to the government's multitudinous achievements.

Sporadic (adjective)

Happening only occasionally or at intervals that are not regular. छितराया हुआ

Synonyms: Intermittent, Infrequent, Irregular

Antonyms: Frequent, Regular, Constant

Example: It all adds up to a very uneven, sporadic film experience.

Dire (adjective)

Very bad. बहुत बुरा

Synonyms: Defective, Substandard, Faulty, Imperfect, Below par

Antonyms: Perfect, Flawless, Sound

Example: The weather was absolutely dire.

Garb (noun)

Clothing, especially of a distinctive or special kind. पोशाक

Synonyms: Attire, Outfit, Turnout, Raiment

Example: He was dressed in Chinese garb and sporting a ponytail.

Buttress (verb)

Increase the strength of or justification for. मज़बूत बनाना

Synonyms: Strengthen, Reinforce, Fortify, Support

Antonyms: Weaken, Undermine

Example: Authority was buttressed by religious belief.

Searing (adjective)

Severely critical. अत्यंतकठोर

Synonyms: Fierce, Blistering, Scathing

Antonyms: Gentle, Calm, Mild

Example: A searing attack on the government.

Spate (noun)

A large number of similar things coming in quick succession. अतिवृष्टि

Synonyms: Series, Succession, Flurry, Run, String

Example: The bombing was the latest in a spate of terrorist attacks.

Embark (verb)

Begin (a course of action). आरंभ करना

Synonyms: Begin, Start, Commence, Initiate

Antonyms: Disembark, Finish, End, Stop

Example: She embarked on a new career.

Overhaul (noun)

An examination of a machine or system, including doing repairs on it or making changes to it. पूरीजांचऔरमरम्मत

Synonyms: Repair, Rebuilding, Restoration, Mending

Antonyms: Deterioration, Destruction, Worsening

Example: They can only be honestly confronted by a thorough overhaul of the system the minister will be asked to control.

Milieu (noun)

A person's social environment. वातावरण

Synonyms: Environment, Background, Ambience

Example: The social milieu upon which they have up to now been based is deeply divided.<br> The findings of the report refer to a particular social and cultural milieu.

The editorial

Source: The Economic Times · 9 Apr 2021

The government has done well to allow pre-packaged insolvency resolution plans for micro, small and medium enterprises (MSMEs) with defaults up to ₹1 crore. This debtor-initiated reorganisation plan in advance with creditors on board will give MSMEs a chance to rehabilitate themselves, rather than get liquidated. And those that cannot be restored would have their assets efficiently redeployed. Essentially, pre-packs underline the fundamental purpose of the Insolvency and Bankruptcy Code (IBC): swiftly bring back into a productive framework assets trapped in failing companies, rather than help banks and vendors recover their dues. Speed is vital when a company goes into distress to better the chances of its turnaround as a going concern. So, the time limit of 120 days for completion of a pre-packaged resolution plan is in order. It will help reduce the load on the National Company Law Tribunals.

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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 Sporadic

2. Antonym of Searing

3. Synonym of Multitudinous

4. Antonym of Dire

5. Synonym of Embark

Want the full 30-question quiz with All India rank? It is in the Vocab24 app.

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