hai frds iam Bollepalli anuiam providing the hindu editorial page and vocabulary
Gujarat must give up terror bill
1. persistent :continuing to exist or occur over a prolonged period.
2.controversial : giving rise or likely to give rise to controversy or public disagreement.
3.objections : the action of challenging or disagreeing with something.
4.draconian : (of laws or their application) excessively harsh and severe.
5. provisions : the action of providing or supplying something for use.
6.assent :the expression of approval or agreement
7.clause : a particular and separate article, stipulation, or proviso in a treaty, bill, or contract.
8.interception : the distance from the origin to a point where a graph crosses a coordinate axis.
9.admissible : acceptable or valid, especially as evidence in a court of law
10. declined : politely refuse (an invitation or offer)
11.prevailed: persuade (someone) to do something.
12.Disruptive : causing or tending to cause disruption.
13.lapse : pass gradually into (an inferior state or condition).
14.prone : likely or liable to suffer from, do, or experience something unpleasant or regrettable
15.substantive : having a separate and independent existence.
16.curb: a check or restraint on something
17.invoked : call on (a deity or spirit) in prayer, as a witness, or for inspiration.
18.miserably : Causing or accompanied by great discomfort or distress
19.mockery:teasing and contemptuous language or behaviour directed at a particular person or thing.
20.confession : a formal statement admitting that one is guilty of a crime.
21.abridge : shorten (a book, film, speech, etc.) without losing the sense.
22.detriment : the state of being harmed or damaged.
TOPIC2 : Push for IMF reform
Finally, the International Monetary Fund has made country quota reforms agreed by the G20 in 2010 a reality. One could imagine a collective, global sigh of relief as the chief objector to the changes, the U.S. Congress, dropped its intransigence in December and allowed the multilateral lender to adopt a country quota distribution that better reflects the power balance of emerging markets in the global economy. With this structural shift, more than 6 percentage points of the quota, including both the Fund’s capital and its proportionate voting rights, have been transferred from developed to emerging economies. The greatest gains from the reforms accrue to the IMF itself, as the combined capital that its 188 member-countries contribute will increase to approximately $659 billion from nearly $329 billion. Other winners are
who have respectively increased their voting shares by 0.292 and 2.265 percentage
points. The emerging economies wrested a
2.6 percentage points increase. The developed nations have had a haircut in
their voting share, somewhere between 0.2 and 0.5 percentage points.
Consequently, China India, China, Brazil,
will be among the 10 largest members along side large advanced economies. As
IMF Managing Director Christine Lagarde said, it is appropriate to “commend
[the IMF] for ratifying these truly
historic reforms”. But the reforms have come so late and after so much wrangling that, similar to its crisis-lending
policies, they leave a bitter taste in the mouth. Russia
Back in May 2011, the Fund’s Executive Directors from the BRICS economies openly revolted against the prospect of the position of Managing Director reverting to a European, deepening the woes of an organisation that had been rocked by the resignation of Dominique Strauss-Kahn following sexual assault allegations. At the time, Arvind Virmani, Executive Director, from
argued that the 2008 global financial crisis erupted
in developed countries and its provenance
“underscored the urgency of reforming international financial institutions so
as to reflect the growing role of developing countries in the world economy”.
Multi-year Republican Party obstructionism in
meant that the negotiations were dragged into the mud of dirty domestic
politics, with some threatening to veto
them unless President Barack Obama’s landmark health-care reform was repealed. Law-makers relented
only after years of persuasion made
them realise that their inaction was hurting U.S. diplomacy. Even so, they
extracted their pound of flesh, and the final reform plan acquiesces to their demand to rescind the “systemic exemption” loophole, which
allowed the Fund to lend to U.S.
in 2010. It is also a shame that BRICS nations had to launch their own bank,
the Asian Infrastructure Investment Bank, before the high priests of the Fund felt the need to modernise
their quota structure. Despite all these push-factors, the process of
governance restructuring at the IMF has not ended; it has only just begun. Greece
1.intransigence : characterized by refusal to compromise or to abandon an extreme position or attitude.
2.lender : an organization or person that lends money.
3.emerging : move out of or away from something and become visible.
4.proportionate : another term for proportional ( equal ratio).
5.accrue : (of a benefit or sum of money) be received by someone in regular or increasing amounts over time.
6.wrested : forcibly pull (something) from a person's grasp.
7.ratifying : sign or give formal consent to (a treaty, contract, or agreement), making it officially valid.
8.wrangling : have a long, complicated dispute or argument.
9.revolted : take violent action against an established government or ruler; rebel.
10.prospect : the possibility or likelihood of some future event occurring.
11.reverting : return to (a previous state, practice, topic, etc.).
14.woes : things that cause sorrow or distress; troubles.
15.allegations : a claim or assertion that someone has done something illegal or wrong, typically one made without proof.
16.erupted : break out suddenly and dramatically.
17. provenance : the place of origin or earliest known history of something.
18.obstructionism : the action of obstructing or the state of being obstructed.
19.veto : a constitutional right to reject a decision or proposal made by a lawmaking body.
20.repealed : revoke or annul (a law or act of parliament).
21.relented : abandon or mitigate a severe or harsh attitude, especially by finally yielding to a request.
22.persuasion : a belief or set of beliefs, especially religious or political ones
23. acquiesces : accept something reluctantly but without protest.
24.rescind : revoke, cancel, or repeal (a law, order, or agreement).
25.priests : an ordained minister of the Catholic, Orthodox, or Anglican Church, authorized to perform certain rites and administer certain sacraments.