Daily Hindu Editorials

WHAT’S ROILING THE RUPEE (ECONOMY) Depreciating by more than 6% against the U.S. dollar since the beginning of 2018, the rupee now figures among the worst-performing Asian currencies. We had a similar experience in 2013, hints from the U.S. Federal Reserve that it was planning to taper its bond-buying programme saw the rupee slide by more than 20% against the dollar in a mere three months from May to August. So in this context let’s understand the current downfall of rupee using the framework of comparison between the 2013 and present crisis. 👉How’s CAD PERFORMING? The main most common reason why the rupee is always on a sticky wicket is that India runs a persistent Current Account Deficit (CAD). That is, the net of its transaction towards import and export of goods and services, usually exceed its dollar earnings from exports. The wider this CAD is, the more is the scramble for dollars in India, leading to a weaker rupee. This is why the absolute and relative levels of ...

💥 Daily Word Bytes - 2  from editorial  -Rise of Sadr: on Iraq's government formation 💥 spoilsport (noun) – a selfish act which spoils pleasure of others. Hindu Editorial usage  :  If Iran doesn’t play spoilsport, Iraq could get a more inclusive government soon nationalist (adjective) – patriotic, loyal (to one’s country). Hindu Editorial usage  :  Iraq’s parliamentary election results marked a remarkable comeback for Muqtada al-Sadr, the nationalist Shia cleric who for years had been sidelined both by the Iraqi establishment   cleric (noun) – a religious leader, (especially a Christian or Muslim one). Hindu Editorial usage  :  Iraq’s parliamentary election results marked a remarkable comeback for Muqtada al-Sadr, the nationalist Shia cleric who for years had been sidelined both by the Iraqi establishment   sideline (verb) – remove, dismiss, discharge (from the centre of activity). Hindu Editorial usage  :  I...

💥 Daily Word Bytes - 1  from editorial  -The fruits of defeat: on Karnataka government formation 💥 the fruits (noun) – reward, benefit, advantages. Hindu Editorial usage  :  The fruits of defeat: on Karnataka government formation in the face of (phrase) – despite, notwithstanding, regardless of. Hindu Editorial usage  :  In the face of a series of losses to the BJP, the Congress seems to have learnt its lessons fractured (adjective) – divided, fragmented, separated. Hindu Editorial usage  :  After the fractured verdict in Karnataka and the hastily concluded post-poll marriage of convenience between the Congress and the Janata Dal (Secular) hastily (adverb) – quickly, hurriedly, swiftly/rapidly. Hindu Editorial usage  :  After the fractured verdict in Karnataka and the hastily concluded post-poll marriage of convenience between the Congress and the Janata Dal (Secular) thwart (verb) – prevent, block, impede/hinder. ...

👉The ‘informal summit’ must be seen in the context of Beijing preparing for a pole position in the global sweepstakes👈 On the cards was a possible reset of ties between India and China in the wake of the ‘informal summit’ in Wuhan (April 27-28) between Prime Minister Narendra Modi and Chinese President Xi Jinping. The outcome is uncertain, however. The choice by China of Wuhan, a city situated in the middle reaches of the Yangtze, though was not accidental. Wuhan is symbolic of China’s resilience and economic might today. It was possibly chosen by Mr. Xi to showcase China’s progress since Mr. Modi (as Chief Minister of Gujarat) had last paid a visit to the region. As Mr. Xi proceeds towards his next goal, ‘Made in China 2025’, he may also have wanted to demonstrate the wide gulf that seems to separate his programme from Mr. Modi’s own struggles to make a success of India’s ‘Make in India’ programme. The visit to the museum and the boat ride on the lake, in turn, were possibly i...