{"id":95092,"date":"2024-06-10T10:22:52","date_gmt":"2024-06-10T04:52:52","guid":{"rendered":"https:\/\/www.practicemock.com\/blog\/?p=95092"},"modified":"2024-06-10T10:22:54","modified_gmt":"2024-06-10T04:52:54","slug":"the-hindu-editorial-vocabulary-10th-june-2024","status":"publish","type":"post","link":"https:\/\/www.practicemock.com\/blog\/the-hindu-editorial-vocabulary-10th-june-2024\/","title":{"rendered":"The Hindu Editorial Vocabulary 10th June 2024"},"content":{"rendered":"
Home<\/a><\/span> \u00bb Vocabulary<\/a><\/span> \u00bb The Hindu Editorial Vocabulary 10th June 2024<\/span><\/span><\/div>\n\n\n

The Hindu Editorial Vocabulary 10th June 2024 is an accessible free tool to know difficult words and their contextual meanings based on a Hindu Article. Aspirants interested in learning new words daily with their meanings can follow our blog. We provide synonyms and antonyms of difficult words. <\/p>\n\n\n\n

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Hindu Vocab On RBI Monetary Policy Committee Meeting<\/h2>\n\n\n\n

The RBI\u2019s Monetary Policy Committee (MPC) has for an eighth consecutive (following one after another without an interruption<\/strong>) <\/strong>meeting\u00a0chosen to leave the benchmark repo rate unchanged at 6.50%\u00a0on concern that \u2018elevated (high or important<\/strong>) <\/strong>food inflation could derail\u2019 its efforts to ensure durable price stability. Governor Shaktikanta Das, who had just two months ago spoken of the \u2018elephant\u2019 of inflation having begun its journey back to the forest after going on a walkabout, flagged the risk that stubborn (things that are stubborn are difficult to move, change, or deal with<\/strong>) <\/strong>food price gains pose to the overall disinflation path as justification for the MPC\u2019s stand. Food inflation as measured by the Consumer Food Price Index accelerated (faster than usual<\/strong>) <\/strong>to a provisional 8.7% in April, from March\u2019s 8.52%, and recent indicators such as Crisil\u2019s food plate costs suggest that price gains spurred by a surge in tomato, onion and potato prices may have quickened even further in May. The Centre for Monitoring Indian Economy (CMIE) forecast (a statement of what is judged likely to happen in the future, especially in connection with a particular situation, or the expected weather conditions<\/strong>) <\/strong>on June 8, that headline retail inflation likely increased by 31 basis points last month to 5.14%, driven almost entirely by a 40 basis points acceleration in food price gains to 9.1%. The MPC, which voted by a 4-2 majority to \u201cremain focussed on withdrawal of accommodation to ensure that inflation progressively (gradually<\/strong>) <\/strong>aligns to the target\u201d of 4%, flagged the challenges it faces in achieving this goal as increasing adverse climate events trigger supply shocks that make it very hard to foresee the food price trajectory. The CMIE cited last month\u2019s heatwaves as the cause for the rise in the costs of fruits and vegetables.<\/p>\n\n\n\n

The MPC is also only too aware that besides the threat from escalating (to become or make something become greater or more serious<\/strong>) <\/strong>food costs, which remain vulnerable to the precariously (in a way that is likely to fall, be damaged, fail, etc<\/strong>) <\/strong>low water storage levels at the country\u2019s reservoirs as well as the ongoing exceptionally hot summer temperatures, rising prices of industrial metals could undermine the deflationary (connected with a reduction of the supply of money in an economy, and therefore a reduction of economic activity, that is often part of an intentional government plan to reduce prices<\/strong>) <\/strong>trend in core inflation. Add to the mix the uncertain outlook for crude oil prices given the tensions in West Asia and the output cuts being implemented by the OPEC+ producer nations, and it is a recipe for heightened uncertainty on the inflation path. The RBI\u2019s latest round of surveys underline precisely why price stability (a situation in which something is not likely to move or change<\/strong>) <\/strong>is the central concern for policymakers. While households\u2019 surveyed in May expect inflation (a general, continuous increase in prices<\/strong>) <\/strong>to quicken for all major product groups, both over the three months and one year ahead periods, consumer confidence too moderated from the March round of the survey with an increased majority of almost 80% of respondents expecting price gains to accelerate in one year\u2019s time. Governor Das is absolutely justified in maintaining an unwavering focus on anchoring inflation expectations, given that it is, as he put it, \u201cthe required foundation for sustained\u201d long-term growth.<\/p>\n\n\n\n

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Hindu Vocab Wordlist 10th June 2024<\/h2>\n\n\n\n

Upskill yourself and enhance your vocabulary knowledge. Candidates should keep learning new words daily with Hindu Editorial Vocabulary 10th June 2024.<\/p>\n\n\n\n