👀DAILY HINDU EDITORIAL WORD BYTES -1 -> 4 JUNE👀
💥Daily Word Bytes - 1 from editorial -Fuel fractions: on petrol, diesel prices💥
fraction (noun) – tiny amount.
Hindu Editorial usage : Fuel fractions: on petrol, diesel prices
bite the bullet (phrase) – to go through a painful or otherwise unpleasant situation that has been delayed and seen as unavoidable beyond certain stage.
Hindu Editorial usage : Both the Centre and States must bite the bullet to cut taxes on petrol and diesel
frozen past participle of freeze (noun) – an act of keeping something at a fixed state.
Hindu Editorial usage : the first reduction for a while in motor fuel prices that had been frozen for 19 days in the run-up to the Karnataka elections,
run-up to (noun) – a period/time before an important event.
Hindu Editorial usage : the first reduction for a while in motor fuel prices that had been frozen for 19 days in the run-up to the Karnataka elections,
creep up (phrasal verb) – increase, rise slowly but steadily.
Hindu Editorial usage : only to creep up thereafter.
under fire for (phrase) – severely criticized for.
Hindu Editorial usage : the Centre, already under fire for persisting with high fuel taxes despite the rise in the global prices of crude in recent months, faced fresh flak over this cursory cut.
persist with (verb) – continue, carry on, hold.
Hindu Editorial usage : the Centre, already under fire for persisting with high fuel taxes despite the rise in the global prices of crude in recent months, faced fresh flak over this cursory cut.
flak (noun) – strong criticism, censure, disapproval.
Hindu Editorial usage : the Centre, already under fire for persisting with high fuel taxes despite the rise in the global prices of crude in recent months, faced fresh flak over this cursory cut.
cursory (adjective) – casual, careless, inattentive/unthinking.
Hindu Editorial usage : the Centre, already under fire for persisting with high fuel taxes despite the rise in the global prices of crude in recent months, faced fresh flak over this cursory cut.
gear up (phrasal verb) – get ready, prepare, lay the groundwork.
Hindu Editorial usage : gearing up for several Assembly elections this year followed by the general election in 2019, the pressure to check pump-level fuel prices is intensifying.
blow (noun) – disturbance, source of distress,, misfortune/burden.
Hindu Editorial usage : Several formulations are said to be under consideration to soften the blow to the consumer, including a reversion to old-fangled ways such as asking oil producers to bear some of the burden
old-fangled (adjective) – old-fashioned, outmoded, old time.
Hindu Editorial usage : including a reversion to old-fangled ways such as asking oil producers to bear some of the burden.
reluctance (noun) – unwillingness, disinclination, lack of interest.
Hindu Editorial usage : But there still remains great reluctance to consider the option of reducing excise duties that were raised nine times between November 2014 and January 2016 when global crude oil prices had gone down.
slash (verb) – reduce, cut, lower (a price greatly).
Hindu Editorial usage : It is in this context that Kerala’s decision to slash the sales tax on fuel changes the narrative of the debate as States have also been raking in easy oil revenue.
narrative (noun) – statement, report/portrayal, description.
Hindu Editorial usage : It is in this context that Kerala’s decision to slash the sales tax on fuel changes the narrative of the debate as States have also been raking in easy oil revenue.
rake in (phrasal verb) – earn, make, gain.
Hindu Editorial usage : It is in this context that Kerala’s decision to slash the sales tax on fuel changes the narrative of the debate as States have also been raking in easy oil revenue.
ad valorem (adjective) – Latin, ‘according to the value’. It is commonly applied to a tax
imposed on the value of property/product/service.
Hindu Editorial usage : States impose ad valorem duties on fuel products, which go as high as 39.27% (in Maharashtra) and average about 26%
reckon (verb) – consider/judge, evaluate, estimate.
Hindu Editorial usage : . An SBI research report reckons that prices could go down for diesel by ₹3.75 and petrol by ₹5.75, a litre,
go down (phrasal verb) – decrease, fall/drop, plummet.
Hindu Editorial usage : . An SBI research report reckons that prices could go down for diesel by ₹3.75 and petrol by ₹5.75, a litre,
anomaly (noun) – abnormality/irregularity, oddity, deviation.
Hindu Editorial usage : a litre, if only this tax-on-tax-included-price anomaly was fixed.
embolden (verb) – give courage, strengthen, encourage/motivate.
Hindu Editorial usage : but the recent robust collections from GST should embolden both the Centre and States to bite the bullet now.
spike (noun) – increase sharply.
Hindu Editorial usage : Rising crude prices spike inflation and the trade deficit, putting pressure on the rupee and GDP growth.
inflation (noun) – increase of price level of goods & services & vice versa decrease of currency
value.
Hindu Editorial usage : Rising crude prices spike inflation and the trade deficit, putting pressure on the rupee and GDP growth.
trade deficit (noun) – a trade deficit (a deficit in the balance of trade) occurs when the value
a country’s imports exceeds that of its exports. It is also called a trade gap.
Hindu Editorial usage : Rising crude prices spike inflation and the trade deficit, putting pressure on the rupee and GDP growth.
nascent (adjective) – starting/beginning/coming (to exist).
Hindu Editorial usage : Industry has warned that domestic oil pricing policies are hurting the nascent recovery,
vulnerable (noun) – an easy target for.
Hindu Editorial usage : The logic: consumers could become vulnerable if exposed to low prices and feel a greater pinch when prices went up.
feel the pinch (phrase) – suffer hardship, suffer adversity.
Hindu Editorial usage : The logic: consumers could become vulnerable if exposed to low prices and feel a greater pinch when prices went up.
corollary (noun) – consequence, result, outcome.
Hindu Editorial usage : The obvious corollary of that stance — that high taxes on fuel need to be cut when prices rise again — has been ignored so far.
Hindu Editorial usage : Fuel fractions: on petrol, diesel prices
bite the bullet (phrase) – to go through a painful or otherwise unpleasant situation that has been delayed and seen as unavoidable beyond certain stage.
Hindu Editorial usage : Both the Centre and States must bite the bullet to cut taxes on petrol and diesel
Hindu Editorial usage : the first reduction for a while in motor fuel prices that had been frozen for 19 days in the run-up to the Karnataka elections,
Hindu Editorial usage : the first reduction for a while in motor fuel prices that had been frozen for 19 days in the run-up to the Karnataka elections,
Hindu Editorial usage : only to creep up thereafter.
Hindu Editorial usage : the Centre, already under fire for persisting with high fuel taxes despite the rise in the global prices of crude in recent months, faced fresh flak over this cursory cut.
Hindu Editorial usage : the Centre, already under fire for persisting with high fuel taxes despite the rise in the global prices of crude in recent months, faced fresh flak over this cursory cut.
Hindu Editorial usage : the Centre, already under fire for persisting with high fuel taxes despite the rise in the global prices of crude in recent months, faced fresh flak over this cursory cut.
Hindu Editorial usage : the Centre, already under fire for persisting with high fuel taxes despite the rise in the global prices of crude in recent months, faced fresh flak over this cursory cut.
Hindu Editorial usage : gearing up for several Assembly elections this year followed by the general election in 2019, the pressure to check pump-level fuel prices is intensifying.
Hindu Editorial usage : Several formulations are said to be under consideration to soften the blow to the consumer, including a reversion to old-fangled ways such as asking oil producers to bear some of the burden
Hindu Editorial usage : including a reversion to old-fangled ways such as asking oil producers to bear some of the burden.
Hindu Editorial usage : But there still remains great reluctance to consider the option of reducing excise duties that were raised nine times between November 2014 and January 2016 when global crude oil prices had gone down.
Hindu Editorial usage : It is in this context that Kerala’s decision to slash the sales tax on fuel changes the narrative of the debate as States have also been raking in easy oil revenue.
Hindu Editorial usage : It is in this context that Kerala’s decision to slash the sales tax on fuel changes the narrative of the debate as States have also been raking in easy oil revenue.
Hindu Editorial usage : It is in this context that Kerala’s decision to slash the sales tax on fuel changes the narrative of the debate as States have also been raking in easy oil revenue.
imposed on the value of property/product/service.
Hindu Editorial usage : States impose ad valorem duties on fuel products, which go as high as 39.27% (in Maharashtra) and average about 26%
Hindu Editorial usage : . An SBI research report reckons that prices could go down for diesel by ₹3.75 and petrol by ₹5.75, a litre,
Hindu Editorial usage : . An SBI research report reckons that prices could go down for diesel by ₹3.75 and petrol by ₹5.75, a litre,
Hindu Editorial usage : a litre, if only this tax-on-tax-included-price anomaly was fixed.
Hindu Editorial usage : but the recent robust collections from GST should embolden both the Centre and States to bite the bullet now.
Hindu Editorial usage : Rising crude prices spike inflation and the trade deficit, putting pressure on the rupee and GDP growth.
value.
Hindu Editorial usage : Rising crude prices spike inflation and the trade deficit, putting pressure on the rupee and GDP growth.
trade deficit (noun) – a trade deficit (a deficit in the balance of trade) occurs when the value
a country’s imports exceeds that of its exports. It is also called a trade gap.
Hindu Editorial usage : Rising crude prices spike inflation and the trade deficit, putting pressure on the rupee and GDP growth.
nascent (adjective) – starting/beginning/coming (to exist).
Hindu Editorial usage : Industry has warned that domestic oil pricing policies are hurting the nascent recovery,
Hindu Editorial usage : The logic: consumers could become vulnerable if exposed to low prices and feel a greater pinch when prices went up.
Hindu Editorial usage : The logic: consumers could become vulnerable if exposed to low prices and feel a greater pinch when prices went up.
Hindu Editorial usage : The obvious corollary of that stance — that high taxes on fuel need to be cut when prices rise again — has been ignored so far.
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