With the Union Cabinet’s ‘in-principle’ approval for the sale of Air India and five of its subsidiaries, a long-standing demand on the reform checklist has been ticked. For further reading, visit “The Hindu”.
Courtesy: The Hindu
- in principle (phrase) – generally, by and large; theoretically.
- longstanding (adjective) – long-term, persistent, perennial.
- rationale (noun) – reason/basis; principle; motivation.
- shovel (verb) – finish, consume, devour (quickly & in large quantities).
- afloat (noun) – out of debt or difficulty.
- cater (verb) – service, accommodate, provide for.
- bankrupt (noun) – insolvent, financial ruin, failure/collapse.
- starve of (verb) – deprive of /need of (something).
- bailout (noun) – an act of providing financial help to a failing business.
- turnaround plan/strategy (noun) – a plan or strategy to stop a company’s poor performance and to recover it as financially successful.
- debt (noun) – liability, financial obligation, borrowed capital.
- foot (verb) – pay, pay the bill, settle up.
- write-off (noun) – an elimination of a bad debt from the account.
- eventual (adjective) – final, ultimate, end.
- stake (noun) – share, investment, interest.
- bid (verb) – offer, tender, propose.
- non-core asset (noun) – a asset of an enterprise which is either not essential or simply no longer used in its business operations.
- go (verb) – functioning properly.
- disinvestment (noun) – the process of reducing capital investments.