Vocabulary words from The Hindu editorial " Revenue repercussions: On GST revenue trends"

Vocabulary words from The Hindu editorial " Revenue repercussions: On GST revenue trends"

1.  Repercussions

• Meaning: Unintended consequences or outcomes of an event.
• Example: "The fluctuating GST trends could have significant repercussions on the government’s fiscal strategy."

2.  Wobbly

• Meaning: Unstable or inconsistent.
• Example: "GST revenue trends have been considerably wobbly this financial year."

3.  Bolstered

• Meaning: Strengthened or supported.
• Example: "The year started with bolstered revenues, thanks to increased year-end filings."

4.  Punctuated

• Meaning: Interrupted or marked at intervals.
• Example: "The year’s high revenue collections were punctuated by underwhelming numbers in some months."

5.  Underwhelming

• Meaning: Failing to impress or meet expectations.
• Example: "Some months recorded underwhelming GST collections, affecting overall growth."

6.  Uptick

• Meaning: A small increase or improvement.
• Example: "Net revenues grew at a slower rate, but there was an uptick from September’s low figures."

7.  On a tight leash

• Meaning: Strictly controlled or restricted.
• Example: "Both revenue and capital spending have been kept on a tight leash to meet fiscal goals."

8.  Slackening

• Meaning: Becoming less active or intense.
• Example: "The RBI’s October bulletin highlighted a slackening momentum in economic growth based on GST trends."

9.  Good omen

• Meaning: A sign indicating favorable future outcomes.
• Example: "The latest GST receipts are a good omen for the festive season’s consumption trends."

10.  K-shaped

• Meaning: Describes a recovery where different sectors or groups recover at different rates.
• Example: "Initial car sales data suggest a K-shaped trend, with luxury SUV sales rising faster than overall car sales."

11.  Rate rationalisation

• Meaning: Adjusting tax rates to make them more reasonable or balanced.
• Example: "The GST Council should expedite rate rationalisation to stimulate demand for high-tax items like cement."