अब आप न्यूज्ड हिंदी में पढ़ सकते हैं। यहाँ क्लिक करें
cyfy
Home » IANS » MPC member’s long word makes short work of it!

MPC member’s long word makes short work of it!

By IANS
Published on :

Mumbai, Aug 22 (IANS) Reserve Bank of India’s August policy meet had quite a few ‘unconventional’ takeaways. It will surely be recalled for the 35 basis point rate cut and ‘floccinaucinihilipilification’ (no spelling error!).

The rare term came from the external Monetary Policy Committee (MPC) member Chetan Ghate while he expressed his views on the current gloomy growth forecasts of the Indian economy.

Oxford defines ‘floccinaucinihilipilification’ as an action or habit of estimating something as worthless.

“Estimates of economic growth in India have unfortunately been subject to a fair degree of floccinaucinihilipilification. Notwithstanding this, growth is likely to pick up from Q2-Q3: 2019-2020,” said Chetan Ghate.

–IANS

ravi/prs

(This story has not been edited by Newsd staff and is auto-generated from a syndicated feed.)
(For more latest news and updates Like us on Facebook, Follow us on Twitter. Download our mobile app )