Today’s article ‘Credit tangle: on LoU ban‘ has been picked from ‘The Hindu’
This article talks about banning of letters of undertaking (LoUs) as well as letters of comfort issued by bankers to businesses for international transactions by country’s central bank Reserve Bank of India.The article says that the RBI’s omnibus ban on a legitimate financing instrument is not the solution to scams and perhaps the RBI could have tightened the norms for LoUs and introduced safeguards based on the latest learnings.
Challenging Words in the Article –
1)Fiasco (noun) (असफलता): fi-as-ko
Meaning – a total disaster
Synonyms- blunder, flop, failure, debacle
Antonyms-accomplishment, achievement, success
Example – Because there was no food or music at the party, everyone said the event was a fiasco.
2)Parlance (noun) (बोल-चाल, शब्द बोलने का ढंग): par-lance
Meaning – a way of speaking that is typical of a certain group or culture
Synonyms- jargon, language, phraseology, the way of speaking, vernacular
Example – When I heard the computer programmers talking about coding, I could not understand a word of their parlance.
3)Bona fide (adjective) (प्रामाणिक): bona-fide
Meaning – genuine; real.
Synonyms- authentic, genuine, real, true, actual, sterling
Antonyms-corrupt, doubtful, implausible, false
Example – Make sure you are dealing with a bona fide company which is registered as per the norms.
4)Delinquent (adjective) (क़सूरवार): delin-quent
Meaning – (typically of a young person) tending to commit crime, particularly minor crime/failing in one’s duty.
Synonyms- lawless, lawbreaking, offending, careless
Antonyms- well behaved, conformist
Example – Most delinquent children have deprived backgrounds.
5)Tangle (noun) (उलझन): tan-gal
Meaning – to become mixed together or intertwined
Synonyms- mess, complicated, twist, muddle, confused
Example – Environmentalists argue against the manufacturing of plastic due to the fact that marine life often tangles with the plastic trash in the ocean.
6)Unleash (verb) (खोल देना): un-leash
Meaning – to set free from a restraint
Synonyms- set free, discharge, let loose, release
Antonyms- hold, keep, restrain
Example – After I went to unleash the dog who had been chained to his cage for years, the dog attacked the first person it saw and ran away.
7)Knee-jerk (adjective) (एक त्वरित प्रतिक्रिया): knee-jurk
Meaning – (of a response) automatic and unthinking/a quick reaction that does not allow you time to consider something carefully
Synonyms- unplanned, sudden, unintentional, unthinking, automatic
Antonyms- intentional, considered
Example – This announcement seems to be more of a knee-jerk reaction than a considered response to a terrible problem.’
Idioms/Phrases/Phrasal Verbs in the article –
8)In cahoots (phrase) (मिलीभगत से):
Meaning – In close, often secretive or conspiratorial cooperation with someone.
Synonyms- unified, affiliated, collaborating (secretly), conspiring
Antonyms- uncoordinated, seperate
Example – It turned out that the business tycoon was in cahoots with local law enforcement to have the investigation dropped.
9)Rely on (phrasal verb) (भरोसा करना):
Meaning – to depend on someone or something; to trust in someone or something
Synonyms- depend on, count on, bank on
Antonyms- disbelieve, disregard, neglect
Example – We can’t rely on this old car to go on the trip to Himachal Pradesh.
10)Come to light (phrase) (प्रकट होना):
Meaning – To be revealed or exposed
Synonyms- reveal, disclose, expose, uncover.
Antonyms- hush up, keep secret, remain secret, remain hidden
Example – Discrepancies in the yearly budget report only came to light after the auditors began analyzing it
Now that you have read the words and the editorial, it is time to test your English writing ability. Make sentences with the words given below and write in Comments Section which will be reviewed by us –
- Blame games
Word of the Day
- Ravenous (Verb) – भुक्खड़
- Meaning – Extremely hungry, (of hunger or need) very great
- Synonyms – voracious, insatiable, ravening, wolfish
- Antonyms – full, replete, satisfied, well fed, sated, satiated
- Example (English) – As a ravenous person, Adam was sure that he would be able to finish the 4-pound steak in an hour.
- Example (Hindi) – भुक्खड़ व्यक्ति के रूप में, एडम को यकीन था कि वह एक घंटे में 4-पाउंड स्टेक को खत्म करने में सक्षम होगा।
All the best for your exams