Today’s article ‘Rising risks — on Fed rate hike‘ has been picked from ‘The Hindu’
This article sheds light on U.S.A.’s central bank Federal Bank which has raised its benchmark short-term interest rate by 25 basis points to 1.50-1.75%. It is the highest raise in a decade.The article says as the U.S. continues to raise benchmark rates, India should take precautionary steps because our country could be hit by fund outflows as overseas investors look towards home to benefit from the rising rates.
Challenging Words in the Article –
1)Reminiscent (adjective) ( स्मृति जगानेवाला ): remini-scent
Meaning – tending to remind one of something/suggesting something by resemblance.
Synonyms- similar to, comparable with, inviting/bearing comparison with, tending to make one think of
Antonyms- forgetful, oblivious
Example – The way he laughed was strongly reminiscent of his father.
2)Steep (adjective) ( तेज, आकस्मिक): es-teep
Meaning – (of a slope, flight of stairs, or angle) rising or falling sharply; almost perpendicular.
Synonyms- precipitous, sheer, abrupt, sharp, sudden, rapid
Antonyms- gentle, tender, benign, humane
Example – As soon as there was a steep decline in iPhone prices, everyone went out and purchased a new model.
3)Portend (verb) – (संकेत मिलना): por-tend
Meaning – be a sign or warning that (something, especially something momentous or calamitous) is likely to happen.
Synonyms- presage, augur, foreshadow, foretell, prophesy
Antonyms- assure, calculated
Example – In most cases, a lack of effort does portend failure.
4) Squeeze (verb) (निचोड़ना): es-queeze
Meaning – a strong financial demand or pressure, typically a restriction on borrowing, spending, or investment in a financial crisis/firmly press (something soft or yielding), typically with one’s fingers.
Synonyms- force, extract, press
Antonyms- release, uncompress
Example –Industry faced higher costs and a squeeze on profits.
5)Precautionary (adjective) (सतर्कता के तौर पर किया गया): pre-cau-shun-ri
Meaning – carried out as a precaution; preventive.
Synonyms- preventative, preventive, safety, protective
Antonyms- harm, hurt, neglect
Example – She was taken to hospital as a precautionary measure.
6)Mortgage (noun) (बंधक, गिरवी): mort-gage
Meaning – a legal agreement by which a bank, building a society, etc. lends money at interest in exchange for taking title of the debtor’s property, with the condition that the conveyance of title becomes void upon the payment of the debt(Noun)/convey (a property) to a creditor as security on a loan(Verb)
Synonyms – contract, debt, pledge
Example – I put down a hundred thousand in cash and took out a mortgage for the rest.
Meaning – a large amount of money, liquid, or people that moves or is transferred out of a place.
Synonyms- discharge, outflowing, outpouring, outrush, rush, flood
Antonyms- inflow, influx
Example – The company realized that their cash outflow exceeded what their cash inflow was going to be, and, instead of securing other financings, they decided to remedy the situation by laying off workers.
Idioms/Phrases/Phrasal Verbs in the Article –
8)Spill over (phrasal verb) (फैल जाना ):
Meaning – (of a bad situation or strong emotion) reach a point at which it can no longer be controlled or contained.
Synonyms- spread out, disperse, fan out
Antonyms- gather, congregate, convene, assemble
Example – The protests against the new law have spilled over to other parts of the city.
9)Get going (phrase) (शुरू कर देना):
Meaning – To start taking some action,To cause someone to start enthusiastically discussing some topic, To depart
Synonyms- begin, start, set about, go ahead
Antonyms- cease, close, conclude
Example –We need to get going if we’re determined to complete this project within the definite time.
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 –
- Prone to
Word of the Day
- Relegate(Verb) – दूर करना, पीछे करना
- Meaning – an outline representing or bounding the shape or form of something
- Synonyms – downgrade, lower, lower in rank/status, put down, move down
- Antonyms – upgrade, promote
- Example (English) – Creative subjects such as art, geography and music were relegated in favor of English, maths and science.
- Example (Hindi) – कला, भूगोल और संगीत जैसे सृजनात्मक विषयों को अंग्रेजी, गणित और विज्ञान जैसे विषयों को बढ़ावा देने के लिए पीछे कर दिया गया है।
All the best for your exams