Learn Vocab With Daily News Articles For Govt Exams: 17 August

Dear Aspirants,

If we speak of hot topics like career, education and a propitious life, the English Language is ineluctable. In Exams like SSC CPO and and SSC CGL where dealing with English and General Awareness Section is mandatory, reading this way is beneficial. If you find it arduous to learn new words in a plain mode, ADDA247 is here to buttress your learning skills in a more fun and productive way.
Taking felicitous snippet from well reputed newspaper editorials, our motive is not just to make you learn the English language but keep you updated with the current affairs and events across the world which are important from the govt exams point of view. Either you are a job aspirant or a working person or just want to outsmart others, this is a befitting platform to expedite your performance thoroughly.

Fear isn’t the key: On regulation of securities markets

There must be caution about regulatory overreach while granting SEBI more powers. India’s stock markets are booming, with the BSE Sensex touching new highs. The regulation of securities markets has evolved over the last two and a half decades since the setting up of the Securities and Exchange Board of India, but it is still a work in progress. Front-running, insider trading, shady accounting practices that are tantamount to window-dressing firms’ performance, and other shenanigans to manipulate share prices continue. A panel headed by T.K. Viswanathan, a former Lok Sabha Secretary General, has now submitted recommendations to curb illegal practices in the markets and ensure fair conduct among investors. A key recommendation is that the stock market watchdog be granted the power to act directly against “perpetrators of financial statements fraud”. In essence, this means SEBI can act not only against listed entities under its extant powers but also against those who aid or abet financial fraud — including accountants and auditors. The panel has suggested that SEBI, rather than the Central government, be given the power to grant immunity to whistle-blowers who help uncover illegal activities. It has mooted new ideas to address market manipulation, from better scrutiny of price-sensitive information to the creation of processes to expedite investigation into cases. It goes to the extent of recommending that SEBI be given powers to tap phone calls.

Greater executive powers, it is being suggested, can help the regulator take swifter action against offenders instead of relying on government bodies such as the Ministry of Corporate Affairs. Ostensibly, this could also free SEBI from various manifestations of political influence. Since SEBI is better placed to understand the complex nuances that financial market fraud entails, compared to other investigative agencies or even those in charge of implementing the Companies Act, it may also be better placed to enforce the law. A strong regulator serves as a good deterrent to truants in the market, but banking on fear too much could also scare away genuine investors. SEBI is widely considered to be one of the more efficient regulators, but it is not faultless. Last year, its order to impose restrictions on the trading of shares of 331 companies suspected of laundering money was seen as a hasty move taken under pressure from the government without a formal investigation. Given that SEBI is now considering a cap on trading by retail investors based on their assessed ‘net worth’, the committee’s suggestion that it may consider any trading by players beyond their known ‘financial resources’ as fraud could lead to undue harassment of investors. Granting more teeth to enable the market regulator to fulfil its primary role of protecting investors is fine. But it is equally critical to empower it with the right tools so that a sledgehammer is not deployed to crack a nut.

1. Tantamount:(adjective)=समान
Meaning: equivalent in seriousness to; virtually the same as.
Synonyms: commensurate, identical, equivalent, synonymous
Antonyms: different, polar, opposite, reverse

2. Manipulate: (verb)=कुशलता से काम करना
Meaning: to deal with (something) usually skillfully or efficiently
Synonyms: address, cope (with), field, grapple (with), hack, handle, manage, maneuver, negotiate, play, swing, take, treat
Antonyms: botch, bungle, fumble, goof (up), louse up, mess (up), mishandle, muff, scamp

3. Curb: (verb)=नियंत्रण
Meaning: restrain or keep in check.
Synonyms: check, circumscription, condition, constraint, fetter, limitation, restraint, restriction
Antonyms: freedom, latitude

4. Moot: (verb)=विवादास्पद
Meaning: to present or bring forward for discussion
Synonyms: bring up, broach, introduce, place, raise
Antonyms: censor, hush (up), quiet, silence, suppress

Meaning: a close look at or over someone or something in order to judge condition
Synonyms: audit, check, checkup, examination, going-over, inspection, look-see, review, scan, survey, view
Antonyms: flash, glance, glimpse, peek, peep, sight, browse, scan

6. Nuances:(noun)
Meaning: a subtle difference in or shade of meaning, expression, or sound.
Synonyms: distinction, subtlety, gradation, implication, refinement
Antonyms:brightness, information, light, lot

7. Entail:(verb)=बारीकियों
Meaning: involve (something) as a necessary or inevitable part or consequence.
Synonyms: carry, comprehend, contain, embrace, encompass, include, involve, number, subsume, take in
Antonyms: exclude, leave (out), omit

8. Deterrent: (noun)=निवारक
Meaning: something that makes movement or progress difficult
Synonyms: balk, bar, block, chain, clog, cramp, crimp, drag, embarrassment, encumbrance, fetter, handicap, hindrance, holdback, hurdle, impediment, inhibition, interference, manacle, obstacle, obstruction, shackles, stop, stumbling block, trammel
Antonyms: catalyst, goad, impetus, incentive, spur, stimulant, stimulus,advantage, break, edge,aid, assistance, benefit, boost, handmaiden

9.Truants: (noun)=कर्त्तव्यच्युत
Meaning: a pupil who stays away from school without leave or explanation.
Synonyms: delinquent, deserter, malingerer, shirker

10. A sledgehammer to crack a nut=मामूली समस्या से निपटने के लिए असमान बल या व्यय का उपयोग करना
Meaning: To use disproportionate force or expense to overcome a minor problem.
Usage: With this new system of issuing licenses, the government is using a sledgehammer to crack a nut: four separate departments now handle each stage of an application, when a single department could easily process applications from start to finish.

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