{"id":15348,"date":"2022-02-21T12:53:29","date_gmt":"2022-02-21T07:23:29","guid":{"rendered":"https:\/\/www.practicemock.com\/blog\/?p=15348"},"modified":"2023-11-10T14:59:41","modified_gmt":"2023-11-10T09:29:41","slug":"the-hindu-editorial-vocabulary-feb-21-2022-day-239","status":"publish","type":"post","link":"https:\/\/www.practicemock.com\/blog\/the-hindu-editorial-vocabulary-feb-21-2022-day-239\/","title":{"rendered":"The Hindu Editorial Vocabulary\u2013 Feb 21, 2022; Day 239"},"content":{"rendered":"\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Difficult Word\/ Phrase<\/td><td>Contextual Sense<\/td><\/tr><tr><td>Remiss&nbsp;<\/td><td>Failing in what duty requires<\/td><\/tr><tr><td>Fiasco&nbsp;<\/td><td>A disastrous or embarrassing failure<\/td><\/tr><tr><td>Tardiness&nbsp;<\/td><td>The quality or habit of not adhering to a correct or usual or expected time<\/td><\/tr><tr><td>Adjudicate&nbsp;<\/td><td>Bring to an end; come to a final conclusion<\/td><\/tr><tr><td>Inexplicably&nbsp;<\/td><td>In a manner differing from the usual or expected<\/td><\/tr><tr><td>Ostensibly&nbsp;<\/td><td>as appears or is stated to be true, though not necessarily so; apparently<\/td><\/tr><tr><td>Vault&nbsp;<\/td><td>to move someone suddenly to a much higher or more important position<\/td><\/tr><tr><td>Hamstrung&nbsp;<\/td><td>Make ineffective or powerless<\/td><\/tr><tr><td>Dilatory&nbsp;<\/td><td>Causing delay<\/td><\/tr><tr><td>Missive&nbsp;<\/td><td>A written message addressed to a person or organization<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Remiss (Failing in what duty requires) <\/strong>regulator: On the NSE <strong>fiasco (A disastrous or embarrassing failure) <\/strong>and protecting small investors<\/h2>\n\n\n\n<p>After the NSE fiasco, SEBI must reaffirm that it remains focused on protecting small investors<\/p>\n\n\n\n<p>The Securities and Exchange Board of India (SEBI) earlier this month passed a significant order relating to the country\u2019s largest stock exchange, the National Stock Exchange (NSE) of India. As the markets regulator, whose primary mandate is to \u2018protect the interests of investors in securities\u2019, SEBI\u2019s 190-page order raises more questions than it resolves. In particular, it spotlights the regulator\u2019s <strong>tardiness (The quality or habit of not adhering to a correct or usual or expected time) <\/strong>in <strong>adjudicating (Bring to an end; come to a final conclusion) <\/strong>a sensitive matter involving the manner of appointment of a top-level NSE official as well as possible regulatory violations by the then CEO and MD Chitra Ramkrishna in sharing confidential internal information with an unknown person. By SEBI\u2019s own admission, the first complaint alleging governance issues in the NSE\u2019s April 2013 appointment of Anand Subramanian as Chief Strategic Adviser was received in December 2015. After an exchange of e-mails on the issue between the regulator and the NSE in 2016, SEBI tasked the exchange\u2019s board with determining if there had been violations of norms. In November 2017, the NSE sent back a report by the board\u2019s Nomination and Remuneration Committee which flagged several irregularities pertaining to his appointment including his lack of relevant experience and that Ms. Ramkrishna alone had interviewed him. Separately, but interconnected, SEBI had in the course of its probe into another matter at the NSE stumbled upon, in 2018, documentary evidence pointing to Ms. Ramkrishna having been in e-mail communication and sharing sensitive information with an unknown person.<\/p>\n\n\n\n<p>The NSE\u2019s conclusion based on findings in a forensic audit by Ernst &amp; Young that this unknown person was none other than Mr. Subramanian was sent to SEBI in October 2018. And yet it took the regulator a further 40 months to <strong>inexplicably (In a manner differing from the usual or expected) <\/strong>conclude that the unknown person <strong>ostensibly (as appears or is stated to be true, though not necessarily so; apparently.) <\/strong>guiding Ms. Ramkrishna was unlikely to be Mr. Subramanian \u2014 the biggest beneficiary of the guidance by getting promoted as Group Operating Officer and receiving annual pay increases that <strong>vaulted (to move someone suddenly to a much higher or more important position) <\/strong>his annual compensation to \u20b94.21 crore by April 2016, from \u20b91.68 crore in April 2013. To be sure, SEBI acknowledges that it was <strong>hamstrung (Make ineffective or powerless) <\/strong>by the NSE\u2019s <strong>dilatory (Causing delay) <\/strong>approach in responding to its <strong>missives (A written message addressed to a person or organization)<\/strong>. That the board of a Market Infrastructure Institution, charged with safeguarding the trust of millions of investors, distressingly failed to exercise crucial oversight over the conduct of its CEO apart, SEBI too hardly covers itself in glory. The regulator spills far too much ink in almost voyeuristically sharing the contents of the e-mail exchanges between Ms. Ramkrishna and her \u2018unknown guide\u2019 even as it concludes that it is unable to establish any \u201cspecific loss caused to investors\u201d by the NSE and Ms. Ramkrishna. The onus is now on SEBI to reaffirm that there are no \u2018holy cows\u2019 in its regulatory regime and that it remains laser focused on protecting small investors.<\/p>\n\n\n\n<p>Want to improve your vocabulary further?&nbsp;<a href=\"https:\/\/www.practicemock.com\/blog\/vocabulary\/the-hindu-editorial-vocabulary-download-free-pdf\/\">Download the Lists of Word-Meanings of Previous Months here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Want to learn new words on a daily basis? Have a look at this series of articles where we analyze difficult words of prominent editorials.<\/p>\n","protected":false},"author":3,"featured_media":15350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1480,9,1594,1596,1541,1542,2,19,31,18,16,23,47],"tags":[69],"class_list":["post-15348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-esic-mts","category-esic-udc","category-nainital-bank-clerk","category-nainital-bank-po","category-oscb-assistant-manager","category-oscb-banking-assistant","category-rbi-assistant","category-rbi-grade-b","category-sbi-clerk","category-sebi-grade-a","category-ssc-cgl","category-ssc-chsl","category-vocabulary","tag-editorials-difficult-words-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Hindu Editorial Vocabulary\u2013 Feb 21, 2022; Day 239 - Practicemock<\/title>\n<meta name=\"description\" content=\"Want to learn new words on a daily basis? 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