29 April 2024 Editorial

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 Coverage for Pre & Mains

 Validity 7 Mar 24 – Feb 25
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 8300+ Practice Question
 All Topics covered
 New/Latest/PYQ Pattern
 Detailed Explanation
PRICE 460/-
INDEX
 Root words [Meaning & Words]

 Confusing Words
A. Homophones
B. Homonyms
 Tree Words
 Vocabulary [Beginners/Intermediate/Advance]
A. Word
B. Part of speech
C. Meaning [Hindi & Eng]
D. Synonyms
B. Antonyms
 One Word Substitution [Segment Wise] -
 Idioms & Phrases [Category Wise]
 Phrasal Verbs
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assess (v) मूल्यांकन करनय, estimate
Syn: evaluate, appraise
Ant: ignore, neglect
mitigate (v) कम करनय, reduce
Syn: alleviate, attenuate
Ant: aggravate, intensify
ominous (adj) अशुभ, bad/unpleasant
Syn: threatening, sinister
Ant: auspicious, promising
entrench (adj) दीर्घस्थययी, ingrain
Syn : established, rooted
Ant : temporary, transient
anchor (v) बयाँधनय, fasten
Syn: clamp, moor
Ant: loose, unfasten
undermine (v) कमज़ोर करनय, weaken
Syn: impair, enfeeble
Ant: strengthen, bolster
succour (n) सहययतय, support
Syn: aid, assist
Ant: hinder, thwart
fillip (n) प्ऱोत्सयहन, inspiration
Syn: motivation, encouragement
Ant: discouragement, demoralization
trajectory (n) रयस्तय, path
Syn: route, track
Ant: deviation, divergence
clandestine (adj) गुप्त, secret
Syn: covert, furtive
Ant: public, overt
impetus (n) प्ऱोत्सयहन, encouragement
Syn: motivation, stimulus
Ant: discouragement, dissuasion
excruciating (adj) कष्टदययी, agonizing
Syn: harrowing, aggrieved
Ant: pleasing, gratifying
litigation (n) मुकदमय, legal action
Syn: indictment, prosecution
Ant: acquittal, exoneration
sorority (v) सांर्/सांगठन, association
Syn : consortium, fraternity
Ant : segregation, disunion
jab (v) प्रहयर करनय, attack
Syn: strike, assault
Ant: defend, retreat
hone (v) तरयशयनय, sharpen
Syn: edge, jag
Ant: blunt, rough
aftermath (n) पररणयम, consequence
Syn: repercussion, outcome
Ant: start, origin
patriarchal (adj) पपत्तांत्रयत्मक, authoritative
Syn: dominating, clerical
Ant: yielding, compliant
supple (adj) लचीलय, resilient
Syn: flexible, pliable
Ant: rigid, inflexible
privilege (adj) पिशेषयपधकयर, advantage
Syn: favour, fortunate
Ant: disadvantage, unfortunate
1. Act high and mighty
Meaning = be arrogant, presume that one is
better than others.
2. Cruise through
Meaning = pass or succeed easily.
3. Bang for your buck
Meaning = value for money.
4. Forge ahead
Meaning = make a lot of progress in a short time.
5. Much of a muchness
Meaning = essentially equal, not significantly
different.
A notable feature of the Reserve Bank of India’s (RBI’s) latest Monetary Policy Report (included in its April
Bulletin) is the primacy given to “extreme weather events” and “climate shocks” affecting not only food inflation
but also likely having a broader impact on the natural rate of interest, thereby influencing the economy’s
financial stability. Natural, or neutral, rate of interest refers to the central bank’s monetary policy lever, which
allows it to maintain maximum economic output, while keeping a check on inflation. The report mentions a
“New-Keynesian model that incorporates a physical climate risk damage function” being used to estimate the
“counterfactual macroeconomic impact of climate change vis-à-vis a no climate change scenario”. The report’s
authors go on to warn that the “long-term (economic) output” could be lower by around 9% by 2050 in the
absence of any climate mitigation policies. They ominously add that ‘if inflation hysteresis gets entrenched, it
may lead to a de-anchoring of inflation expectations, and the undermining of the central bank’s credibility would
warrant higher interest rates to curb inflation, leading to greater output loss’.
Beginning with its July 2022 discussion paper on ‘climate risk and sustainable finance’, the RBI has made incremental
progress to address the transition to a green economy, even while admitting that India requires over $17 trillion to
achieve its net zero ambitions by 2070. Its peers in advanced economies, most notably the European Central Bank,
have aided the formulation of a green taxonomy for the entire Eurozone’s economic value chain. A green taxonomy is a
framework to assess the sustainability credentials and possible ranking of an economic activity. The RBI and the
Finance Ministry could take inspiration from the developing world, especially the ASEAN region, where a layered green
taxonomy as a living document keeps getting updated with sectoral views of possible sustainable trajectories. While
the issuance of ₹16,000 crore worth of Sovereign Green Bonds and expanding the resource pool by allowing Foreign
Institutional Investors to participate in future green government securities are welcome steps, the RBI must undertake
a thorough-going assessment on the quantitative and qualitative impact on economic and financial stability due to
climate change. It must encourage administrative consultation to begin populating a layered green taxonomy that is
reflective of India’s fragmented developmental trajectories. The effort should be to mitigate the transitional risks to
the financial system as the economy moves towards a sustainable future.
The overturning of the sex-crime conviction of Harvey Weinstein by the New York Court of Appeals, the state’s highest
court, by a 4-3 majority, points, yet again, at the unevenness of justice and the long, excruciating path that leads up to it
— if at all. Based on a technicality — the state’s Molineux rule disallows the testimony of those who have not been part
of the litigation process and deemed three such accounts as prejudicial — the 72-year-old Hollywood mogul will face a
fresh trial in New York. The judgment, however, leaves unchanged his 2022 rape conviction in California, for which he
was sentenced to 16 years of imprisonment. In 2020, Weinstein’s conviction had been a moment of powerful
affirmation for the MeToo movement and the survivors of sexual abuse at workplace who had come forward to indict
their violators — powerful men in high offices, with money, machinery and ease of influence. The sorority it had
birthed was honed by anger and sorrow, by experiences of being diminished and disbelieved, abused and silenced. It
demanded accountability and, for a while, as the movement gathered steam globally, it seemed like it would get it too.
But accountability — at every stage of the process, including even in a court of law – can be a sharp scimitar that turns
on the aggrieved, jabbing repeatedly at old wounds, hoping to hit upon an incontrovertible armour of facts.
Instead of the accused, it often lays the burden of proof on the survivor. Could concern might have been misread for
advances, temptation or mutuality of intentions overturned in the bitterness of the aftermath? Could wavering
memory be indecision? The misalignment between law and its interpretations are picked at by the finest legal
representation the accused can buy, showing how the power asymmetry continues. Before Weinstein, in 2021,
Pennsylvania’s highest court threw out comedian and actor Bill Cosby’s sexual assault conviction on similar
technicality; the US Supreme Court refused to hear an appeal against the decision. In his judgment, one of the
dissenting judges in Weinstein’s case wrote that the decision set back “decades of progress in this incredibly complex
and nuanced area of law” that had always exhibited a “deeply patriarchal and misogynistic legal tradition.” It shows
that despite the changes initiated by the MeToo movement and the impetus it gave to female agency, its gains still
remain limited and its emotional cost disproportionately high. As in Weinstein’s case and that of several other accused
around the world, it remains a battle that only the most resilient and often the more privileged can afford to fight. That
is a pity.
 Coverage for Pre & Mains

 Validity 7 Mar 24 – Feb 25
 Daily Target PDF (Mon-Fri)
 8300+ Practice Question
 All Topics covered
 New/Latest/PYQ Pattern
 Detailed Explanation
PRICE 460/-
INDEX
 Root words [Meaning & Words]

 Confusing Words
A. Homophones
B. Homonyms
 Tree Words
 Vocabulary [Beginners/Intermediate/Advance]
A. Word
B. Part of speech
C. Meaning [Hindi & Eng]
D. Synonyms
B. Antonyms
 One Word Substitution [Segment Wise] -
 Idioms & Phrases [Category Wise]
 Phrasal Verbs
Double Validity+80% Disc Double Validity+80% Disc Price = 1430/-

[6+6 Month] = 4370/- [6+6 Month] = 3130/- Code Y194
[12+12 Month] = 5110/- [12+12 Month] = 3900/-
Code Y194 Code Y194

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THE HINDU EDITORIAL @ 8 AM FOR BANK/SSC MAHAPACK USE CODE Y194

 Coverage for Pre & Mains

 Root words [Meaning & Words]

Double Validity+80% Disc Double Validity+80% Disc Price = 1430/-

 Coverage for Pre & Mains

 Root words [Meaning & Words]

Double Validity+80% Disc Double Validity+80% Disc Price = 1430/-

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