Download PDF, 1 July 2016 - English

PDF, 1st July 2016
The Cabinet’s decision to raise salaries and pensions for more than one crore government employees and
pensioners by implementing the Seventh Pay Commission’s recommendations will impart ( दान करना)
a fillip to consumption demand and economic growth. With recent data from the Centre as well as the
Reserve Bank of India showing that robust (सु ढ) private consumption is a key driver of current
economic momentum (ग त/वेग/बल), additional money in the hands of the government staff and retired
personnel is bound to fuel a healthy demand for a variety of goods and services. As expected, the
announcement of the pay increases has been welcomed by industry groups, from automobile
manufacturers to consumer durables sellers. And with the additional payout from the government toward
the enhanced (बढ़ाना) pay, allowances and pensions projected to exceed Rs.1.14 lakh crore over the
course of the current fiscal year ending in March 2017, the multiplier effect is bound to be significant.
Inevitably (अव यभावी), the Centre’s decision will put upward pressure on salaries in State governments
as well as the private sector. Separately, the decision to more than triple the ceiling for house building
advance to Rs.25 lakh from Rs.7.5 lakh is likely to provide a much-needed incentive for more
government and defence personnel to invest in housing, and thereby boost employment. Combined with
indications of a normal monsoon and the marginal impact of the fallout from Brexit so far, the portents
(पूवल ण) for the economy are indeed positive. Besides the anticipated (
या शत) increases in spending,
the higher pay and pensions are also expected to bolster (सहारा दे ना) savings, which could help the
banking and financial system channel funds to meet investment demand.
There are, however, some risks from the increased salary and pension outgo. In its June monetary policy
statement, the RBI had flagged the upside risks to the inflation (मु ा फ त) outlook posed by several
factors including the implementation of the Seventh Pay Commission’s recommendations. There is some
relief on the price pressure front with the Cabinet keeping the decision on raising allowances on hold
while a committee headed by the Finance Secretary examines the implications of accepting the pay
panel’s prescriptions. A higher house rent allowance would have immediately stoked (और बढ़ाना) retail
inflation, which is already at a 21-month high. The other concern relates to the impact on government
finances, particularly the effort at fiscal consolidation. Finance Minister Arun Jaitley is confident that the
budget deficit will be contained within the 3.5 per cent of GDP target this financial year, but how this will
be achieved is not yet clear.
1. Impart (V) दान करना / बताना
 Synonyms : Convey / Transmit / Inform / Communicate / Pass on.

Antonyms : Keep / Conceal / Take / Hide
2. Robust (Adj.) सु ढ / मजबू त

Synonyms : Strong / Tough / Vigorous / Potent / Powerful

Antonyms : Weak / Impotent / Fragile / Feeble / Halt
3. Momentum (N) ग त/वेग/बल

Synonyms : Energy / Strength / Impulse / Boost / Good / Incitation

Antonyms : Counterincentive / Lethargy / Weakness
4. Enhance (V) बढ़ाना / बढ़ा हु आ

Synonyms : Upgrade / Enlarge / Exalt / Increase / Raise

Antonyms : Decrease / Reduce / Diminish / Subtract
5. Inevitably (Adv.) अव यभावी / नसंदेह / अ नवाय
प से

Synonyms : Unavoidably / Necessarily / Surely / Inescapably.

Antonyms : Unnecessarily / Doubtful / Unlikely
6. Portents (N) पूवल ण / पू वसू चना / संकेत अपशकुन

Synonyms : Augury / Auspice / Boding / Clue / Sign / Warning / Vibes

Antonyms : Doom / Auspiciousness
7. Anticipated (Adj.)
या शत / पु वानु मा नत

Synonyms : Awaited / Expected / Foreseen / Certain / Sure / Likely / Predictable

Antonyms : Unanticipated / Unforeseen / Untimely
8. Bolster (V) सहारा दे ना / आधार / अवल ब

Synonyms : Support / Help / Buoy / Brace / Pillow / Assist

Antonyms: Block / Injure / Neglect / Halt / Obstruct.
9. Inflation (N) मु ा फ त / महंगाई / मु ा सार

Synonyms : Boom / Expansion / Hike / Rise / Escalation / Distension

Antonyms : Decrease / Deflation / Reduction / Abridgment.
10. Stoked (Adj.) और बढ़ाना / उकसाना / भड़काना

Synonyms : Agog / Anxious / Voracious / Ardent / Enthused.

Antonyms : Incurious / Reluctant / Insouciant.
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