👀DAILY HINDU EDITORIAL WORD BYTES -1-> 11 JUNE👀

💥Daily Word Bytes - 1  from editorial - No easy solutions: on tackling NPAs💥

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 : A ‘bad bank’ is not a magic bullet; tackling NPAs requires other structural reforms as well

magic bullet (noun) – solution, answer; nostrum/remedy.
Hindu Editorial usage : A ‘bad bank’ is not a magic bullet; tackling NPAs requires other structural reforms as well

take over (phrasal verb) – take control of.
Hindu Editorial usage :  has announced the formation of a committee to assess the idea of special asset reconstruction companies or asset management companies to take over bad loans from banks.

festering (adjective) – septic; relating to a problem which is becoming worse or more intense due to long time negligence.
Hindu Editorial usage :  Chief Economic Adviser Arvind Subramanian had suggested the creation of a Public Sector Asset Rehabilitation Agency (PARA) to deal with what he described as India’s “festering twin balance sheet problem”.

over-leveraged  (adjective) – relating to a firm which has taken on too much debt.
Hindu Editorial usage :  By this he meant over-leveraged corporates unable to service debt or invest afresh, and banks hit by non-performing assets (NPAs) cagey about fresh lending.

cagey (adjective) – non-committal, tight-lipped; careful/wary.
Hindu Editorial usage :  By this he meant over-leveraged corporates unable to service debt or invest afresh, and banks hit by non-performing assets (NPAs) cagey about fresh lending.

overhang (noun) – a situation which is lingering, indecisive and it is also having (a negative effect).
Hindu Editorial usage : This overhang hurts new investments and continues to dent India’s medium-term growth and job creation prospects.

dent (verb) – diminish, reduce, weaken.
Hindu Editorial usage : This overhang hurts new investments and continues to dent India’s medium-term growth and job creation prospects.

balance sheet (noun) – a statement that shows the financial condition of a company at a particular point in time.
Hindu Editorial usage :  A professionally-run PARA, or the so-called ‘bad bank’, could assume custody of the largest and most difficult-to-resolve NPAs from lenders’ balance sheets.

entail (verb) – cause, result in, effect/involve.
Hindu Editorial usage : More importantly, a bad bank taking tough decisions on borrowers-gone-bad, it was argued, could free bankers from the risks entailed in large loan write-downs.

write down (noun) – a reduction in the calculated/estimated value of something (the book value of an asset).
Hindu Editorial usage : More importantly, a bad bank taking tough decisions on borrowers-gone-bad, it was argued, could free bankers from the risks entailed in large loan write-downs.

leave (out) in the cold (phrase) – ignore; neglect, forgot.
Hindu Editorial usage : But there are good reasons why the Finance Ministry left the bad bank idea in the cold over the past year and a half – among them the fact that the new entity would need a lot of capital support, just as banks do.

envisage (verb) – foresee, predict, forecast.
Hindu Editorial usage : Some of this was envisaged as coming from the Reserve Bank of India through a complicated transaction.

deploy (verb) – use, utilize, employ.
Hindu Editorial usage :a PARA by itself would not be able to deploy dramatically different tools to extract better value from underlying assets and would 

underlying asset (noun) – the asset on which the price of a derivative depends.
Hindu Editorial usage : a PARA by itself would not be able to deploy dramatically different tools to extract better value from underlying assets and would

derivatives (noun) – derivatives are financial instruments whose value is derived from the value of an underlying asset (such as gold, wheat or other commodities) or other financial instruments including bonds, or market benchmarks such as interest rates.
Hindu Editorial usage : type of assets

window-dressing (noun) – an act of presenting something outwardly attractive to get favourable impression.
Hindu Editorial usage : at best, amount to window-dressing bank books to attract investors. 

sluggish (adjective) – slow, inactive, stagnant (to make progress).
Hindu Editorial usage : For now, the government is clearly under pressure to demonstrate fresh intent to investors as India Inc believes bank loans are likely to remain sluggish for the next two-three years. 

witch-hunt (noun) – an investigation to find & punish people with unpopular views/opinions and not because of they have done something wrong.
Hindu Editorial usage : One, amend the Prevention of Corruption Act to shield bankers and officers from investigative witch-hunts

demonstrable (adjective) – evident, proven, clear/obvious.
Hindu Editorial usage : For now, the government is clearly under pressure to demonstrate fresh intent to investors as India Inc believes bank loans are likely to remain sluggish for the next two-three years. 

wilful defaulter (noun) – a person who is purposefully not repaying banks/lenders’ debt on time for various reasons.
Hindu Editorial usage : Two, back bankers to take demonstrable action against wilful defaulters. And three, take a hard look at what ails the Insolvency and Bankruptcy Code.

ail (verb) – trouble, bother, burden.
Hindu Editorial usage : Two, back bankers to take demonstrable action against wilful defaulters. And three, take a hard look at what ails the Insolvency and 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 : Two, back bankers to take demonstrable action against wilful defaulters. And three, take a hard look at what ails the Insolvency and 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 : Two, back bankers to take demonstrable action against wilful defaulters. And three, take a hard look at what ails the Insolvency and Bankruptcy Code.