BrahMos WORLD INDIA MADHYA PRADESH BHOPAL WTN SPECIAL Astrology GOSSIP CORNER SPORTS BUSINESS FUN FACTS ENTERTAINMENT LIFESTYLE TRAVEL ART & LITERATURE SCIENCE & TECHNOLOGY HEALTH EDUCATION DIASPORA OPINION & INTERVIEW RECIPES DRINKS FUNNY VIDEOS VIRAL ON WEB PICTURE STORIES
WTN HINDI ABOUT US PRIVACY POLICY SITEMAP CONTACT US
logo
Breaking News

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

Thursday - August 22, 2019 9:22 pm , Category : BUSINESS
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