A very good morning to all,…
Here we are with our next article based on current news which contains some difficult words, we will highlight and explain those words in order to improve your vocabulary skills and to have a good command on English language section. Hope this will help you with your preparation.
Article : Opening our skies
Source : The Hindu Article
With the latest round of reforms in the foreign direct investment (FDI) policy, the Centre has boasted (दावा) that most sectors would now be eligible for automatic approvals, making India the most open economy in the world for FDI. At least in the civil aviation sector, for which the Centre also unveiled (अनावरण किया) a new policy last week targeting greater connectivity at cheaper fares, that opinion seems a little ahead of time. Raising the FDI limit for airlines (including regional operators for whom FDI of 49 per cent was only allowed last November) to 100 per cent, with automatic approvals for foreign ownership up to 49 per cent, sounds good on the face of it. But it is more likely to bring relief for domestic carriers looking to raise capital or forge an alliance with a global airline than attract many new players into the fray. This is because global airline players continue to be hemmed (घेरे में) in by the 49 per cent ownership limit set by the United Progressive Alliance government in 2012, following which ventures such as AirAsia India and Vistara took off. In theory, a foreign airline could tie up with other institutional investors like private equity funds to form a 49:51 joint venture and tap India’s double-digit air traffic growth. Even if a strategic airline investor agrees to be a junior partner, securing a scheduled operator permit still requires an airline’s chairman and at least two-thirds of its directors to be Indian citizens, and substantial ownership and effective control to be vested in Indian nationals. There need to be swift changes in the small print, if the skies are to be as open as hoped for in the aviation (विमानन) policy.
The Centre has admitted this balancing act is part of a dynamic (गतिशील), calibrated (अंशांकन) process to make domestic carriers more competitive for now. This process is also driven by security concerns. While the U.S. originally barred (वर्जित) foreign control of airlines in 1926 so that its military could take charge of civilian aircraft in times of strife, most countries adopted a similar stance following World War II, citing security concerns and the need to protect the turf of national airlines. The U.S. now allows around 25 per cent foreign ownership in airlines, South Korea permits 49 per cent and Chile a full 100 per cent, even as it has done away with national control and ownership norms. Australia has now limits on airline ownership for aircraft flying within its airspace — a model that could very well serve India’s aviation policy objectives of tripling (ट्रिपल) passenger traffic by 2022 and developing regional connectivity. To stay at the forefront (सबसे आगे) of FDI reforms in a slowing global economy, India could have proposed a bolder reform in airline ownership norms and dovetailed (मेल खाना) that with its vision of an open sky policy within the SAARC region and beyond. That would have been a global game changer.
Meaning of the words highlighted in the article
1.Boasted (verb) – talk with excessive pride and self-satisfaction about one’s achievements, possessions, or abilities
Synonyms – shovel, flaunt
Antonyms – conceal, deprecate
Ex: So each one boasted of his skill in doing some sort of labor.
2.Unveiled (verb)– remove a veil or covering from, in particular uncover (a new monument or work of art) as part of a public ceremony
Synonyms – unbosom, display
Antonyms – protect, veil
Ex: The monument was unveiled on the 21st of March 1496.
3.Hemmed (verb) – turn under and sew the edge of (a piece of cloth)
Synonyms – fringe, girdle
Antonyms – lets go, release
Ex: A soldier on the march is hemmed in and borne along by his regiment as much as a sailor is by his ship.
4.Aviation (noun) – the flying or operating of aircraft
Synonyms – navigation, piloting
Ex: The world’s aviation industry is growing increasingly worried about crashes.
5.Dynamic(adjective) – (of a process or system) characterized by constant change, activity, or progress
Synonyms – influential, strenuous
Antonyms – lifeless, passive
Ex: This self-strained frame is called the dynamic frame of the machine.
6.Calibrated (verb) – mark (a gauge or instrument) with a standard scale of readings
Synonyms – registered, measured
Antonyms – indefinite, uncertain
Ex: In the same manner the potentiometer may be used to calibrate a voltmeter by the aid of a divided resistance of known value.
7.Barred (verb) – fasten (something, especially a door or window) with a bar or bars
Synonyms – clog, bolt
Antonyms – unplug, allow
Ex: In size, with only two small windows barred with iron.
8.Tripling (verb) – become three times as much or as many
Synonyms –intensify, dilate
Antonyms – curtail, hinder
Ex: All who have successfully gone through a triple probation on earth are admitted to share these blessings.
9.Forefront (noun) – the leading or most important position or place
Synonyms –limelight, beginning
Antonyms – background
Ex: As a publicist he stood in the forefront of reform.
10.Dovetailed (verb) – join together by means of a dovetail
Synonyms –accord, interlock
Antonyms – clash, disunite
Ex: In the sliding changer the objective is, dovetailed to a slide, the correct position being secured by clamps.
Word of the Day
Aberration
Meaning (English) – a departure from what is normal, usual, or expected, typically an unwelcome one
Meaning (Hindi) – विपथन
Synonyms – oddity, quirk
Antonyms –normality, soundness
Example – A departure from what is typical: an election that was an aberration from usual state politics.
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