👀DAILY HINDU EDITORIAL WORD BYTES - 1 -> 22 MAY👀
💥Daily Word Bytes - 1 from editorial -Miles to go for the new bankruptcy code💥
miles (noun) – a very long way.
Hindu Editorial usage : Miles to go for the new bankruptcy code
bankruptcy (noun) – legal state of insolvency. An individual or organisation is declared bankrupt if a court judges that the party involved can no longer meet debt payments to creditors. it is defined as the outcome of a legal procedure.
Hindu Editorial usage : Miles to go for the new bankruptcy code
insolvency (noun) – a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
Hindu Editorial usage : Tata Steel acquired 73% stake in the bankrupt firm Bhushan Steel for about ₹35,000 crore last week, making it the first major resolution of a bankruptcy case under the new Insolvency and Bankruptcy
yield (verb) – produce, give, provide.
Hindu Editorial usage : The new bankruptcy code yields its first success, but many wrinkles remain
wrinkle (noun) – difficulty, snag, obstacle/drawback.
Hindu Editorial usage : The new bankruptcy code yields its first success, but many wrinkles remain
roll out (phrasal verb) – launch, introduce, initiate.
Hindu Editorial usage : Good news has finally started to roll out of the refurbished bankruptcy courts.
refurbished (adjective) – revamped, overhauled, restored/renewed.
Hindu Editorial usage : Good news has finally started to roll out of the refurbished bankruptcy courts.
stake (noun) – share, financial interest, investment.
Hindu Editorial usage : Tata Steel acquired 73% stake in the bankrupt firm Bhushan Steel for about ₹35,000 crore last week, making it the first major resolution of a bankruptcy case under the new Insolvency and Bankruptcy
bankrupt (adjective) – failed, ruined, impoverished/wiped out.
Hindu Editorial usage : Tata Steel acquired 73% stake in the bankrupt firm Bhushan Steel for about ₹35,000 crore last week, making it the first major resolution of a bankruptcy case under the new Insolvency and Bankruptcy
behest (noun) – instruction, request; command/order.
Hindu Editorial usage : Bhushan Steel was one among the 12 major accounts referred to the National Company Law Tribunal at the behest of the Reserve Bank of India last year to ease the burden of bad loans on banks.
proceeds (noun) – profits, earnings,returns/gain.
Hindu Editorial usage : The proceeds from the acquisition will go towards settling almost two-thirds of the total outstanding liabilities of over ₹56,000 crore that Bhushan Steel owes banks.
liabilities (noun) – financial obligation, debt, arrears/dues.
Hindu Editorial usage : The proceeds from the acquisition will go towards settling almost two-thirds of the total outstanding liabilities of over ₹56,000 crore that Bhushan Steel owes banks.
owe (verb) – be in debt to, be in arrears, be obligated.
Hindu Editorial usage : The proceeds from the acquisition will go towards settling almost two-thirds of the total outstanding liabilities of over ₹56,000 crore that Bhushan Steel owes banks.
nevertheless (adverb) – notwithstanding, nonetheless, in spite of that/however.
Hindu Editorial usage : the Bhushan Steel resolution is nevertheless an encouraging sign for banks because they typically manage to recover only about 25% of their money from defaulters.
defaulter (noun) – a person who is not repaying banks/lenders’ debt on time for various reasons.
Hindu Editorial usage : the Bhushan Steel resolution is nevertheless an encouraging sign for banks because they typically manage to recover only about 25% of their money from defaulters.
non-performing assets (NPAs) (noun) – bad loans, toxic/ troubled assets; stressed assets/loans; an account where principal and/or interest remains overdue for a period of time.
Hindu Editorial usage : the bad loan recovery rate of public sector banks was as low as 11%, with non-performing assets worth ₹2.41 lakh crore written off from their books.
write off (verb) – eliminate/remove/cancel a bad debt from the account/record.
Hindu Editorial usage : the bad loan recovery rate of public sector banks was as low as 11%, with non-performing assets worth ₹2.41 lakh crore written off from their books.
foot (verb) – pay, pay the bill, settle up.
Hindu Editorial usage : who would otherwise have to foot the bill for any recapitalisation of banks.
recapitalisation (noun) – it is a type of corporate reorganization involving substantial change in a company’s capital structure, especially by replacing debt with stock.
Hindu Editorial usage : who would otherwise have to foot the bill for any recapitalisation of banks.
deflect (verb) – deviate, divert, distract/change.
Hindu Editorial usage : The resolution of one high-profile case, however, should not deflect attention from the many challenges still plaguing the bankruptcy resolution process.
plague (verb) – afflict, torment, trouble.
Hindu Editorial usage : The resolution of one high-profile case, however, should not deflect attention from the many challenges still plaguing the bankruptcy resolution process.
subsume (verb) – include, absorb, encompass.
Hindu Editorial usage : This is a welcome piece of legislation to the extent that it subsumes a plethora of laws that confused creditors
plethora (noun) – excess, abundance, surplus/too many.
Hindu Editorial usage : This is a welcome piece of legislation to the extent that it subsumes a plethora of laws that confused creditors
bog down (phrasal verb) – hamper/hinder, obstruct ; overburden.
Hindu Editorial usage : But issues such as the proposed eligibility criteria for bidders have left it bogged down and suppressed its capacity to help out creditors efficiently.
suppress (verb) – stifle, control, prevent.
Hindu Editorial usage : But issues such as the proposed eligibility criteria for bidders have left it bogged down and suppressed its capacity to help out creditors efficiently.
vouch (verb) – attest to, confirm, uphold/endorse.
Hindu Editorial usage : the Insolvency Law Committee which, among other things, has vouched for relaxed bidder eligibility criteria.
Hindu Editorial usage : Miles to go for the new bankruptcy code
bankruptcy (noun) – legal state of insolvency. An individual or organisation is declared bankrupt if a court judges that the party involved can no longer meet debt payments to creditors. it is defined as the outcome of a legal procedure.
Hindu Editorial usage : Miles to go for the new bankruptcy code
Hindu Editorial usage : Tata Steel acquired 73% stake in the bankrupt firm Bhushan Steel for about ₹35,000 crore last week, making it the first major resolution of a bankruptcy case under the new Insolvency and Bankruptcy
Hindu Editorial usage : The new bankruptcy code yields its first success, but many wrinkles remain
Hindu Editorial usage : The new bankruptcy code yields its first success, but many wrinkles remain
Hindu Editorial usage : Good news has finally started to roll out of the refurbished bankruptcy courts.
Hindu Editorial usage : Good news has finally started to roll out of the refurbished bankruptcy courts.
Hindu Editorial usage : Tata Steel acquired 73% stake in the bankrupt firm Bhushan Steel for about ₹35,000 crore last week, making it the first major resolution of a bankruptcy case under the new Insolvency and Bankruptcy
Hindu Editorial usage : Tata Steel acquired 73% stake in the bankrupt firm Bhushan Steel for about ₹35,000 crore last week, making it the first major resolution of a bankruptcy case under the new Insolvency and Bankruptcy
Hindu Editorial usage : Bhushan Steel was one among the 12 major accounts referred to the National Company Law Tribunal at the behest of the Reserve Bank of India last year to ease the burden of bad loans on banks.
Hindu Editorial usage : The proceeds from the acquisition will go towards settling almost two-thirds of the total outstanding liabilities of over ₹56,000 crore that Bhushan Steel owes banks.
Hindu Editorial usage : The proceeds from the acquisition will go towards settling almost two-thirds of the total outstanding liabilities of over ₹56,000 crore that Bhushan Steel owes banks.
Hindu Editorial usage : The proceeds from the acquisition will go towards settling almost two-thirds of the total outstanding liabilities of over ₹56,000 crore that Bhushan Steel owes banks.
Hindu Editorial usage : the Bhushan Steel resolution is nevertheless an encouraging sign for banks because they typically manage to recover only about 25% of their money from defaulters.
Hindu Editorial usage : the Bhushan Steel resolution is nevertheless an encouraging sign for banks because they typically manage to recover only about 25% of their money from defaulters.
Hindu Editorial usage : the bad loan recovery rate of public sector banks was as low as 11%, with non-performing assets worth ₹2.41 lakh crore written off from their books.
Hindu Editorial usage : the bad loan recovery rate of public sector banks was as low as 11%, with non-performing assets worth ₹2.41 lakh crore written off from their books.
Hindu Editorial usage : who would otherwise have to foot the bill for any recapitalisation of banks.
Hindu Editorial usage : who would otherwise have to foot the bill for any recapitalisation of banks.
Hindu Editorial usage : The resolution of one high-profile case, however, should not deflect attention from the many challenges still plaguing the bankruptcy resolution process.
Hindu Editorial usage : The resolution of one high-profile case, however, should not deflect attention from the many challenges still plaguing the bankruptcy resolution process.
Hindu Editorial usage : This is a welcome piece of legislation to the extent that it subsumes a plethora of laws that confused creditors
Hindu Editorial usage : This is a welcome piece of legislation to the extent that it subsumes a plethora of laws that confused creditors
Hindu Editorial usage : But issues such as the proposed eligibility criteria for bidders have left it bogged down and suppressed its capacity to help out creditors efficiently.
Hindu Editorial usage : But issues such as the proposed eligibility criteria for bidders have left it bogged down and suppressed its capacity to help out creditors efficiently.
Hindu Editorial usage : the Insolvency Law Committee which, among other things, has vouched for relaxed bidder eligibility criteria.
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