Daily Vocabulary Builder – The Hindu Editorial with Vocabulary
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The Hindu Editorial with Vocabulary – Back on track: On GST e-way bill system
As the GST e-way bill system is scaled up, the authorities must remain flexible. After an aborted attempt in February, the government has finally managed to successfully roll out the e-way bill system for tracking the movement of goods under the Goods and Services Tax net from April 1. No major execution challenges have been reported by businesses so far, and the IT backbone that generates the e-way bills — that are now required even before goods are loaded for transport — has so far held up without glitches. On the first two days of the e-way system, which included a Sunday, 5.5 lakh e-way bills were generated, and the GST Network has said that the system is now geared to cope with a much higher capacity. Equally heartening is the revival in GST collections, that had dipped to Rs. 83,716 crore in November 2017, after a fairly robust ₹90,000 crore-plus inflow for the first three months of the new indirect tax system. As per final data released by the Centre on Monday, collections for the three months since then are far healthier than initial indications suggested, with February recording ₹89,264 crore, the highest since September 2017. Finance Secretary Hasmukh Adhia expects collections to pick up further as the authorities get a better sense of who is regularly filing returns and paying taxes. His confidence reflects the government’s belief that analytics deployed on GST data compiled for nine months would deliver a bigger bounty, even as e-way bills make it tougher to avoid tax dues.
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Everyone’s fingers are crossed that the e-way bill portal, which now has over 20,000 registered transporters and 11 lakh taxpayers, will hold up, going forward. It is important to note that since the system for tracking inter-State movement of goods was launched at the beginning of a financial year, the actual load that the portal will have to bear on a normal business day may be much higher than the initial trends. This is because many businesses had already moved and stocked up goods by March 31, ahead of the system kicking in, and are still completing usual year-end processes such as recording closing stock. A staggered schedule for rolling out e-way bills for intra-State trade in a few States at a time is expected soon. Given that India’s transport sector is still largely unorganised and many vehicle drivers are not fully conversant with the technical nuances, it is important that anti-evasion squads deployed to check e-way bills operate with a light touch to start with, and limit the frequency of inspections for goods moving across States. Else, the system could end up creating a bottleneck for transporting goods in a country where goods movement already takes inordinately long due to infrastructure deficiencies. A similar approach would be ideal for other anti-evasion measures in the pipeline, including the matching of invoices from buyers and sellers, and the reverse-charge mechanism (expected by June-end) under which large businesses would need to pay tax on behalf of unregistered small suppliers.
Vocabulary Words from The Hindu Editorial
1.Conversant (adjective) सुपरिचित/ जानकार : Familiar or acquainted (with), esp. as a result of study or experience; versed (in).
Synonyms: Familiar with, Acquainted with, Au fait with, At home with
Antonyms: Unfamiliar with, Ignorant of
Example: They were twin ghosts in the same machine, and in the instant of his entering entirely conversant with each other.
2. Nuance (noun) अति सूक्ष्म अंतर/ नाज़ुक फ़र्क : A subtle difference in or shade of meaning, expression, or sound.
Synonyms: Fine Distinction, Subtle Distinction, Difference, Shade, Shading
Antonyms: Coarse, Inexact, Rough
Example: History is as much about subtlety and nuance as provocative theories.
3. Inordinately (adverb) अत्यधिकता/ असंयम से : Exceeding normal limits; immoderate.
Synonyms: Excessively, Immoderate, Intemperate, Unreasonably, Unjustifiably, Excessively
Antonyms: Acceptably, Moderately, Modestly, Reasonably, Temperately
Example: `We are facing a crisis,” he told her, `of inordinate proportions.
4. Glitch (noun) गड़बड़ :A sudden instance of malfunctioning or irregularity in an electronic system.
Synonyms: Bug, Defect, Problem, Difficulty, Complication.
Antonyms: Perfection, Flawlessness, Correctness
Example: The glitch was caused by a technical problem and was not a cyber attack.
5. Bounty (noun) इनाम / दानशीलता / आर्थिक सहाय/ प्रचुरता : A payment made by a government, as, formerly, to a sailor on enlisting or to a soldier after a campaign.
Synonyms: Benefaction, Generosity, Magnanimity, Munificence
Antonyms: Miserliness, Niggardliness, Close-Fistedness, Parsimony
Example: The issue of bounty payments makes the business of violence uncomfortably clear.
6. Dip (verb) कमी : ((Of a level or amount) to undergo a slight decline, esp temporarily.
Synonyms: Decrease, Fall, Go down, Drop, Fall off, Drop off, Decline
Antonyms: Move up/upwards, Come/go up, Make one’s,its way up, Arise, Ascend
Example: He was to suffer the dip that often follows vertiginous success.
7. Evasion (adjective) अस्पष्ट कथन / टालना / बहाना : Evasion means deliberately avoiding something that you are supposed to do or deal with.( the act of evading or escaping, esp from a distasteful duty, responsibility, etc, by trickery, cunning, or illegal means)
Synonyms: Avoidance, Dodging, Eluding, Elusion, Sidestepping
Antonyms: Confrontation, Directness
Example: Sometimes she receded, not into silence, but into deeper evasion.
8. In the pipeline (phrase) होने वाला / चालू : In the process of being completed, delivered, or produced.
Synonyms: On the way, In preparation, Being prepared, In production, Forthcoming, Upcoming
Antonyms: Bygone, Archaic
Example: The commercial implications are obvious; some 300 such experimental drugs are already in the pipeline.
9. Hold up (phrasal verb) संभालना/ बना रहना/ मजबूत रहना : If one thing holds up another, it is placed under the other thing in order to support it and prevent it from falling.
Synonyms: Maintain, Withstand, Stabilize, Resist
Antonyms: Give In, Surrender, Yield
Example: He must have helped them work out the hold-up in the first place.
10. Keep one’s fingers crossed (phrase) अच्छे परिणाम की आशा करना : (To wish for luck for someone or something, sometimes by actually crossing one’s fingers; Keep one’s fingers crossed )
Synonyms: Anticipate, Assume, Believe, Cherish, Count On, Expect
Antonyms: Abandon, Disbelieve, Distrust, Doubt
Example: I’m crossing my fingers that I clear IBPS PO final result 2017.
Word of the Day – “Petulant”
- Petulant (adjective) धृष्टतापूर्ण, चिड़चिड़ा, बदमिज़ाज, दुःशील, लंपट, व्यभिचारी, अविनीत, ढीठ, झक्की
- Meaning:- Someone who is petulant is unreasonably angry and upset in a childish way.
- Synonyms: Peevish, bad-tempered, querulous, pettish, fretful, cross, irritable, sulky, snappish, crotchety.
- Antonyms: Agreeable, pleasant, patient, cheerful, happy.
- Example: Sergio Garcia faces disciplinary action for his petulant behaviour during his third round at U.S. Wimbledon open.
- उदाहरण: अमरीकी विम्बल्डन ओपन के तीसरे दौर में धृष्टतापूर्ण व्यवहार के लिए सर्जियो गार्सिया पर अनुशासनात्मक कार्रवाई की जाएगी।
Quote of the Day
“The person interested in success has to learn to view failure as a healthy, inevitable part of the process of getting to the top.” Dr. Joyce Brothers
“सफलता की कामना करने वाले व्यक्ति को शीर्ष पर पहुंचने की प्रक्रिया के एक हिस्से के रुप में असफलता को एक स्वस्थ, अपरिहार्य हिस्सा मानना चाहिए।” डा.जोएस ब्रदर्स
Daily Vocabulary Builder PDF – 7th April 2018
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