Today’s article ‘Surprise softening: on RBI’s inflation projections‘ has been picked from ‘The Hindu’
According to the article, the Reserve Bank of India’s policymakers have acted predictably in opting to keep interest rates unchanged but the RBI’s inflation projections misrepresent the expectations of households and manufacturers.
Challenging Words in the Article –
1)Jettison (verb) (बोझ गिराना): jeti-sun
Meaning – to eliminate something/abandon or discard (someone or something that is no longer wanted).throw or drop (something) from an aircraft or ship.
Synonyms-: dump, drop, ditch, discharge, eject
Antonyms – load, keep, retain
Example – Keep the good memories in your heart and jettison the bad ones.
2)Belie (verb) (झुठलाना): be-lai
Meaning – to give a false impression of
Synonyms-: misrepresent, conceal, cover, disguise
Antonyms – testify to, reveal, real
Example – The woman hoped her surgery would belie the truth about her real age.
3)Trajectory (noun) (पथ): trey-jec-tree
Meaning – a course or route taken
Synonyms-: course, direction, route, track, path.–
Example – As of now, My brother has not decided which trajectory to take after high school – college or the military.
4)Assertion (noun) (अभिकथन): asser-shun
Meaning – a bold declaration without proof
Synonyms-: declaration, contention, statement, claim
Antonyms – disavowal, prosecution, affirmative
Example – The lawyer’s assertion will have us believe her client was not in the state at the time of the crime.
5)Remit (noun) – (छोड़ना): re-mit
Meaning – the task or area of activity officially assigned to an individual or organization/to send or convey/cancel or refrain from exacting or inflicting (a debt or punishment)/postpone.
Synonyms-: area of responsibility, area of activity, sphere, orbit, scope, ambit, province
Antonyms – unrelated
Example – If you do not remit the payment for your light bill within two days, your service will be disconnected.
6)Outlook (noun) (दृष्टिकोण): out-look
Meaning – viewpoint on a topic/the prospect for the future/view
Synonyms-: prospects, expectations, point of view
Antonyms – indifference
Example – The outlook for my daughter’s future seemed hopeful since she was accepted to Harvard University.
Meaning – pertaining to space and the relationship of objects within it
Antonyms – nonspatial
Example – The spatial distribution of a population across a country has a big effect on their culture.
Idioms/Phrases/Phrasal Verbs in the article –
8)Play down (phrasal verb) (कम करके दिखाना):
Meaning – to try to make a problem or difficult situation seem less important than it is
Synonyms-: underemphasize, minimize, downplay, understate.
Antonyms – acclaim, applaud, exalt, extol
Example – At first the government played down the virus which was a threat to public health.
9)Gloss over (phrasal verb)(अप्रिय तथ्यों की उपेक्षा ):
Meaning – to ignore or avoid unpleasant facts
Synonyms-: conceal, hide, falsify, sweep aside
Antonyms – disclose, divulge, expose
Example – He could no longer gloss over his failures.
Now considering the article as a Reading Comprehension, try to answer the following questions –
- What remained the Primary remit of the RBI’s Monetary Policy Committee in deciding interest rates?
- What are the key factors cited by the RBI in lowering its inflation projections?
Word of the Day
- Poaching (Noun) – अवैध शिकार
- Meaning – the illegal shooting, trapping, or taking of game or fish from private or public property
- Synonyms – hunt illegally, intrusion, transgression
- Example (English) –Actor Salman Khan has been found guilty in the blackbuck poaching case.
- Example (Hindi) – अभिनेता सलमान खान काले हिरन के अवैध शिकार मामले में दोषी पाये गए है।
All the best for your exams