THE HINDU

EDITORIAL
2nd May, 2024

PREPARE FOR BANK (PO/ CLERK), SSC,UPSC, State PSC,

CAT,CTET,RAILWAY EXAMS,CDS, TET, NDA/AIRFORCE, NET
and all Govt. Exams
 VOCABULARY

1. Intangible: न छूने योग्य

Definition: Something that can not be perceived by
touch.
Synonyms: Abstract, Immaterial, Ethereal, Impalpable.
Antonyms: Tangible, Physical, Perceptible, Concrete.
Used in a sentence: Trust is an intangible yet essential
element in any relationship.
2. Unleashed: आजाद करना
Definition: To release or set free.
Synonyms: Unshackled, Unbridled, Unbound,
Unchained.
Antonyms: Controlled, Confined, Constrained,
Regulated.
Used in a sentence: The dog was unleashed and
bounded joyfully across the field.
 VOCABULARY

3. Discretionary: ववेकाधीन
Definition: Something that is subject to individual
judgement or choice.
Synonyms: Optional, Voluntary, Elective, Arbitrary.
Antonyms: Compulsory, Obligatory, Involuntary,
Mandatory.
Used in a sentence: Employees receive a
discretionary bonus based on their performance.
4. Reckoned: माना
Definition: To consider something to be true or likely.
Synonyms: Estimated, Figured, Assessed, Gauged.
Antonyms: Disregarded, Ignored, Omitted,
Overlooked.
Used in a sentence: She reckoned it would rain soon.
 VOCABULARY

5. Imprudent: लापरवाह
Definition: Behavior or actions that are not wise or
sensible.
Synonyms: Reckless, Impulsive, Foolhardy, Careless.
Antonyms: Prudent, Cautious, Judicious, Thoughtful.
Used in a sentence: Rushing into decisions without
considering the consequences is imprudent.
6. Roiling: खजलाना
Definition: A situation or emotion that is turbulent or
agitated.
Synonyms: Churning, Stirring, Ruffling, Upsetting.
Antonyms: Calming, Placid, Undisturbing, Still.
Used in a sentence: The political scandal has been
roiling the country for weeks.
 VOCABULARY

7. Munificent: उदार
Definition: Someone who is extremely generous.
Synonyms: Benevolent, Charitable, Philanthropic,
Magnanimous.
Antonyms: Stingy, Miserly, Niggardly, Parsimonious.
Used in a sentence: Her munificent gesture touched
the hearts of everyone at the charity event.
8. Concomitant: सहवतर्ती
Definition: Something that occurs simultaneously
with another thing.
Synonyms: Synchronous, Concurrent, Correlative.
Antonyms: Disparate, Disconnected, Divergent,
Separate.
Used in a sentence: Increased stress is often a
concomitant factor in cases of insomnia.
 VOCABULARY

9. Cataclysmic: प्रलय संबंधी

Definition: Something extremely destructive.
Synonyms: Disastrous, Apocalyptic, Calamitous,
Catastrophic.
Antonyms: Restorative, Peaceful, Beneficial, Healing.
Used in a sentence: The company’s decision to
downsize had cataclysmic effects on the local
economy.
10. Nuanced: सूक्ष्म
Definition: Something that has subtle but important
variations.
Synonyms: Detailed, Sophisticated, Refined.
Antonyms: Uncomplicated, Unrefined, Naive.
Used in a sentence: Her speech was nuanced,
addressing multiple perspectives on the issue.
 VOCABULARY

IDIOMS AND PHRASES

1. Know the ropes (Idiom)

Meaning: To be knowledgeable in a
particular task or activity.

2. Call a spade a spade (Idiom)

Meaning: To speak directly or bluntly.

3. Dog days of summer (Idiom)

Meaning: The hottest days of summer.
 VOCABULARY

4. Bear out (Phrasal verb)

Meaning: To support or confirm
something, typically a statement,
theory.

5. Come off (Phrasal verb)

Meaning: To succeed or be successful.
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

Article for Reading

The services story

India’s intangible
exports growth
faces risks that
warrant a nuanced
response
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

A deep-dive research report from global investment

banking major Goldman Sachs, evocatively titled
‘India’s rise as the emerging services factory of the
world’, has captured India’s recent success in
providing global services and sought to forecast
growth prospects and risks in the medium term.
The take-off trajectory of the country’s IT services
sector, unleashed after critical economic reforms in
1991, is well known. The firm takes a broader view
of India’s services exports over the last 18 years,
including professional consulting, that have grown
the fastest, travel services which have grown the
slowest, and financial services that could gain if
initiatives such as the GIFT City click.
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

While global services exports tripled over 18 years,

such intangible exports from India grew at twice the
pace to reach nearly $340 billion last year. In fact,
its exports growth has been the third fastest
globally since 2005, behind Singapore and Ireland.
The country’s share in global services outflows has
risen from under 2% in 2005 to 4.6% in 2023. India’s
share in goods exports increased from 1% to 1.8%
during this period. The services trade boom has
also served as an invaluable cushion for India’s
external account balances against shocks such as
pricey oil imports. Goldman Sachs expects that
buffer to remain in play with services exports
projected to rise to $800 billion by 2030.
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

While this is slightly lower than the government’s

target of $1 trillion by 2030 for both services and
merchandise exports, a continuing uptick in
high-value services would also drive top-end
discretionary consumption and real estate demand,
the firm reckoned. In the immediate term, the
outlook is tentative as top firms in IT services, still
India’s most dominant export segment, have shed
employees over the past year and their growth
guidance for this year is far from bullish. Infosys,
for instance, expects revenues to rise 1% to 3% this
year in constant currency terms. The rise of global
capability centres offers some comfort. However,
the firm’s analysts stress it would be imprudent to
take India’s services growth for granted.
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

Constraints that need attention include training

graduates to be job ready, and the stress on natural
resources in regions where growth is concentrated,
as reflected in the water crisis at Bengaluru. A
protectionist tendency in destination countries
could hurt exports, just as irrational domestic
policy interventions such as attempts to “manage”
IT hardware imports. India needs a calibrated
approach to sustain the services success story.
That should include a hard push for global market
access and opportunities for all professional
services, as well as a light-touch regulatory
approach to let new ideas and enterprises bloom
across areas such as artificial intelligence,
manufacturing-linked services, and blockchain
applications.
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

Summary:
Goldman Sachs' report examines India's burgeoning
role as a global services hub, highlighting its robust
growth in intangible exports, particularly in
professional consulting. Despite challenges such as
subdued growth projections in the IT sector, the
country's services exports have tripled in 18 years,
serving as a vital buffer for its external balances.
However, sustaining this growth requires
addressing constraints like skill development,
resource strain, and protectionist trends abroad,
necessitating a strategic approach for continued
success.
The tone of the passage is informative and
analytical.
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

Article for Skimming

Sea also rises

India must
collaborate with
Indian Ocean
countries for data
on warming
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

India may be roiling in heatwaves but the

possibility of a munificent monsoon, as envisaged
by the India Meteorological Department, may be
contributing to some psychological relief. In the
long run, however, there is much to be worried
about. A recent study led by scientists at the Indian
Institute of Tropical Meteorology, Pune, and other
international institutions has forecast — based on
expected global carbon emission trends — the
likely impact on the Indian Ocean. They report that
the Indian Ocean warmed 1.2° C and will likely heat
up 1.7° C-3.8° C from 2020 to 2100. While
heatwaves are a lived experience, the study warns
of ‘marine heatwaves’, their counterparts in the sea
and linked to the rapid formation of cyclones,
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

as likely to increase tenfold from the current

average of 20 days per year to 220–250 days per
year. This will push the tropical Indian Ocean into a
“near-permanent heatwave state”, accelerate coral
bleaching and harm the fisheries sector. The
heating of the ocean would not be merely conned
to the surface but actually increase the heat content
of the ocean. When measured from the surface to
2,000 meters below, the thermal capacity of this
ocean is now rising at the rate of 4.5 zetta-joules
per decade, and is predicted to increase at a rate of
16–22 zetta-joules per decade in the future. Joule is
a unit of energy and 1 zetta joule is a billion-trillion
joules (10^21).
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

The consequences of a warming Indian Ocean

extend very much into mainland India with the
frequency of severe cyclones rising and the
monsoon becoming more erratic and uneven with
long spells of drought followed by intense rain and
concomitant flooding. These are linked to global
warming with anthropogenic sources such as fossil
fuel burning playing a significant role in nudging
the planet closer to cataclysmic tipping points.
Current global commitments to stem greenhouse
gas emissions are unlikely to make a significant
dent in the state of the oceans capacity as unlike on
land, the seas respond slower to changes in
external inputs.
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

Therefore, a realistic way out is to fine-tune the

understanding of the Indian Ocean’s local impact.
India needs to form a collaborative association with
countries bordering the Indian Ocean to invest in
data gathering — currently this pales in comparison
to what is in the Pacific, for instance — and
projections to guide the development and
protection of infrastructure and people.
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

Today's Descriptive Question

Write an essay of 200 words on Pros and Cons of

One rank One pension scheme.
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

The One Rank One Pension (OROP) scheme has been a

subject of much debate and discussion, heralded as a
progressive move by some and criticized by others. On
the positive side, OROP ensures that retired personnel
of the same rank and length of service receive the same
pension, regardless of when they retire. This addresses
the long-standing issue of disparity in pension benefits
among retired military personnel, fostering equity and
morale within the armed forces. Additionally, OROP
enhances the financial security of retired servicemen
and their families, providing them with a predictable
and stable income stream to support their
post-retirement livelihoods.
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

However, the implementation of OROP also poses

challenges and drawbacks. One major concern is the
financial burden it places on the government, as ensuring
parity in pension benefits requires substantial budgetary
allocations. This can strain fiscal resources and divert
funds from other critical sectors such as healthcare and
education. Furthermore, there are logistical complexities
in determining and revising pension rates periodically to
keep up with inflation and changing economic conditions.
Delays and discrepancies in the implementation of OROP
have also led to dissatisfaction and protests among
retired military personnel, highlighting the need for
efficient and transparent administration.
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

In conclusion, while OROP has the potential to rectify

pension disparities and improve the welfare of retired
servicemen, its successful implementation requires
careful planning, adequate funding, and effective
governance to mitigate its drawbacks and ensure its
long-term sustainability.
Write A letter to the Bank Manager as you have deposited some amount but it is
still not credited into your account.

[Your Address]
[City, State, PIN Code]
Date
To,
The Manager
[XYZ bank ]
[City, State, PIN Code]
Subject: Request for Assistance Regarding Delayed Deposit
Dear Sir/ Ma’am
I hope this letter finds you well. I am writing to bring to
your attention a concerning issue regarding a recent
deposit made into my account. On [date], I deposited
[amount] into my account [account number] at [branch
name]. However, despite the passage of [number of
days], the amount has not yet been credited to my
account. I have checked my account statement
multiple times, but there is no record of the deposit.
This delay is causing inconvenience and uncertainty
regarding the status of my funds. As a valued
customer of [bank name], I kindly request your
assistance in resolving this matter promptly. I would
appreciate it if you could investigate the issue and
provide me with an update on the status of my deposit.
Thank you for your attention to this matter. I look
forward to your prompt response and resolution
of the issue.

Sincerely,

[Your Name]
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

Match the words with their meanings.

Column A Column B

1. Munificent A. Something that can not be perceived by touch.

2. Intangible B. To release or set free.

3. Roiling C. Something that occurs simultaneously with other.

4. Concomitant D. Someone who is extremely generous.

5. Unleashed E. A situation or emotion that is turbulent.

c
 THE HINDU EDITORIAL LIVE DAILY @ 7 AM

VOCABULARY FOR ALL

1. Imprudent
2. Reckoned
3. Cataclysmic
4. Munificent
5. Discretionary
6. Unleashed
7. Concomitant
8. Roiling
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