{"id":4422,"date":"2021-07-09T10:54:30","date_gmt":"2021-07-09T05:24:30","guid":{"rendered":"https:\/\/www.practicemock.com\/blog\/?p=4422"},"modified":"2021-07-09T10:54:30","modified_gmt":"2021-07-09T05:24:30","slug":"the-hindu-editorial-vocabulary-july-9-2021-day-96","status":"publish","type":"post","link":"https:\/\/www.practicemock.com\/blog\/the-hindu-editorial-vocabulary-july-9-2021-day-96\/","title":{"rendered":"The Hindu Editorial Vocabulary\u2013 July 9, 2021; Day 96"},"content":{"rendered":"\n

Today we have collated the 10 tricky words\/phrases\/terms from the editorial on charging of Trump Organization. Go through these words and see how many did you know already. Check their usage as well. This will surely help you to understand the sense the tricky words have conveyed in the editorial.<\/p>\n\n\n\n

Difficult Word\/ Phrase<\/td>Contextual Sense<\/td><\/tr>
Blip <\/td>an unexpected, minor, and typically temporary deviation from a general trend<\/td><\/tr>
Streak <\/td>a period during which a series of things happens<\/td><\/tr>
Tad <\/td>to a small extent; somewhat<\/td><\/tr>
Tepid <\/td>not enthusiastic<\/td><\/tr>
Kitty <\/td>a fund of money for communal use, made up of contributions from a group of people<\/td><\/tr>
Ramp up <\/td>increase the level of something sharply<\/td><\/tr>
Breathing room <\/td>A sufficient buffer of time, space, or money that allows for freedom of movement or relief from a given source of pressure or stress<\/td><\/tr>
Spur <\/td>give an incentive or encouragement to (someone)<\/td><\/tr>
Plausible <\/td>(of an argument or statement) seeming reasonable or probable<\/td><\/tr>
Brewing <\/td>Developing <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\"RRB<\/a><\/figure>\n\n\n\n

A blip (an unexpected, minor, and typically temporary deviation from a general trend)<\/strong>: On revenue collections of GST in June<\/h2>\n\n\n\n

This year\u2019s restrictions by States have inflicted less economic costs than the 2020 lockdown<\/h3>\n\n\n\n

Entering its fifth year, India\u2019s Goods and Services Tax (GST) system reported a blip in revenue collections for June, breaking an eight-month streak (a period during which a series of things happens)<\/strong> of over \u20b91-lakh crore in tax receipts. GST revenues tanked to a tad (to a small extent; somewhat) <\/strong>less than \u20b993,000 crore last month \u2014 the lowest in 10 months \u2014 after a record \u20b91.41-lakh crore in April and a relatively tepid (not enthusiastic)<\/strong> \u20b91.02-lakh crore in May. Generally, the June revenue reflects transactions that occurred in May. With the second wave of the pandemic in full flourish and States enforcing rigorous restrictions on most activities in May, the numbers are not really surprising. However, as May GST compliance dates for smaller taxpayers were extended till early July, some of this revenue also reflects April\u2019s sales. Thus, the actual GST income attributable to May\u2019s economic activity would be lower than June\u2019s gross GST kitty (a fund of money for communal use, made up of contributions from a group of people)<\/strong>. This is also reflected in the generation of e-way bills, which fell by a sharp 30% in May compared to April, while the sequential decline in revenues was not as steep. With caseloads declining over June and restrictions being pulled back gradually, revenues should pick up next month with 5.5 crore e-way bills generated in June from 3.99 crore in May. Despite the slowdown in May-June, GST collections in the Q1 of 2021-22 have been healthier than pre-pandemic levels, confirming that this year\u2019s restrictions driven by States have inflicted less economic costs than the national lockdown at a few hours\u2019 notice, in 2020.<\/p>\n\n\n\n

\"RRB<\/a><\/figure>\n\n\n\n

While the second wave setbacks have shaken up business and consumer sentiment, average monthly revenues of over \u20b91-lakh crore \u2014 which Finance Minister Nirmala Sitharaman has termed the \u2018new normal\u2019 for GST \u2014 could perhaps sustain through the year, if there is no dramatic resurgence of the pandemic and vaccinations are ramped up (increase the level of something sharply)<\/strong> as promised. This should give some fiscal breathing room (A sufficient buffer of time, space, or money that allows for freedom of movement or relief from a given source of pressure or stress)<\/strong> for the Centre and States, but neither can afford to sit back. Structural corrections in the GST regime and the inclusion of petroleum and electricity may take longer, but there is enough that needs immediate attention. Industry has sought temporary rate cuts on some sectors to spur (give an incentive or encouragement to (someone))<\/strong> demand. It is plausible ((of an argument or statement) seeming reasonable or probable)<\/strong> that a volume pick-up could make up for resultant revenue losses, just as an uptick in petrol consumption creates room for a revenue-neutral duty cut on fuels. The GST Council must be reconvened soon to take up such ideas to prod the economy\u2019s rebound, apart from holding the promised special session to discuss all the brewing (developing)<\/strong> concerns related to States\u2019 compensation. Delaying this will not only foster greater misgivings between the Centre and the States but also make it tough for States to plan their borrowings for the rest of the year. Clarity is also needed urgently on when the \u20b91.58-lakh crore of back-to-back borrowings for States in lieu of compensation dues will begin. If the Centre plans to raise \u20b95,000 crore a week, like it did last year, it will take roughly 32 weeks to complete such borrowings; so, any delay beyond early August may not be viable.<\/p>\n\n\n\n

Hope you got to know some new words\/phrases which will definitely be useful in the English section of upcoming competitive exams. Wishing you all the best in your preparation!<\/p>\n\n\n\n

Want to improve your vocabulary further? Download the Lists of Word-Meanings of Previous Months here<\/a>.<\/p>\n\n\n\n

\"RRB<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"

Do you want to update your vocabulary on an ongoing basis? Read this series of articles of Hindu Editorial Analysis published daily.<\/p>\n","protected":false},"author":3,"featured_media":4423,"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":[11,25,15,8,5,348,19,384,31,49,47],"tags":[69],"class_list":["post-4422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ibps-clerk","category-ibps-po","category-ibps-rrb-clerk","category-ibps-rrb-po","category-ibps-so","category-pscb-clerk","category-rbi-grade-b","category-sbi-apprentice","category-sbi-clerk","category-sbi-po","category-vocabulary","tag-editorials-difficult-words-2"],"yoast_head":"\nThe Hindu Editorial Vocabulary\u2013 July 9, 2021; Day 96 - Practicemock<\/title>\n<meta name=\"description\" content=\"Do you want to update your vocabulary on an ongoing basis? 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Read this series of articles of Hindu Editorial Analysis published daily.","_links":{"self":[{"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/posts\/4422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/comments?post=4422"}],"version-history":[{"count":0,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/posts\/4422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/media\/4423"}],"wp:attachment":[{"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/media?parent=4422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/categories?post=4422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/tags?post=4422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}