NewsPaper Editorials With Hindi Vocab 20/1/2016

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The Times of India: Game, Set, No Match

Tennis administrators have the tools to tackle  सामना करना  corruption, now summon  बुलाना the will to act

Match fixing has allegedly कथित रूप से spread  फैलना its tentacles शिकंजा  into another sport: tennis. The year's first Grand Slam in Australia has been impaired दुर्बल by media reports that as many as eight players in the tournament are under suspicion सन्देह करना for match fixing. Even the world's best player, Novak Djokovic, has said that he once rejected an offer of money to throw a match. Once suspicion about a contest's integrity  ईमानदारी seeps रिसना in, sport is robbed of its essence  सारांश. If suspicion is not to destroy tennis, it is imperative  अत्यावश्यक the game's administrators step in and clean up the mess  गड़बड़.

Tennis fans are unlikely to be entirely surprised by match fixing allegations as lower ranked players have been punished for corruption in the past. But reports leaked by whistleblowers  मुखबिर  suggest that the rot runs deep.

The blame आरोप  for it has to rest with administrators as despite being aware of the problem for over eight years, there hasn't been visible action.

Many small tournaments between Grand Slams provided opportunities for match fixing by gambling syndicates  संघ बनाना without attracting enough scrutiny  छानबीन . But even now, decisive सोचा समझा steps can retrieve  वापस पा लेना the situation.

Tennis's administrative structure has in place the basic ingredients मसाला to tackle corruption. An anti-corruption code enforced  लागू by a dedicated  एक ही कार्य करने में सक्षम team created to tackle corruption exists. It can be effective if administrators summon the will to act. If we are today aware of the scale of the problem, it is on account of investigations carried out  अंजाम देना by the game's governing body . But the painstaking  बहुत ही सावधानीपूर्वक किया गया effort in unearthing अचानक पा जाना instances of abuse by top ranked players will be in vain if administrators engage in a cover-up. Tennis Integrity Unit, the game's watchdog  रखवाली करने वाला कुत्ता, must be empowered  सशक्त to carry out its mandate जनादेश ( and root out rotten  बहुत बेक़ार elements.

The Economic Times:Time to be Bold, Not Fiscally  आर्थिक दृष्टि से Constrained  मजबूर

The imperative अनिवार्यता  is to step up investment

Should the government defer  देर करना fiscal धन संबंधी consolidation एकीकरण  further or stick to its schedule and compress सिकोड़ना the fiscal deficit to 3.5% of GDP in the forthcoming आगामी Budget? Even the framing of the question in this manner makes assumptions अनुमान  that do not hold in the economy at present. `Fiscal consolidation' comes across as a virtue  प्रभाव , because its absence is normally associated with macroeconomic imbalance असंतुलन. But the current conditions are not normal. The world economy is in torpor  उदासीनता. India's internal investment story is not even sound and fury , if you leave aside एक किनारे some e-commerce firms. Credit grows at a snail's pace. Spare capacity exists in most consumer goods sectors, obviating  अनावश्यक करना investment. Infrastructure investment is hostage बंधक to debt-crippled बन्धक firms. The state sector has to act to boost  प्रोत्साहन investment. That is the basic macroeconomic imperative.

Why is a fiscal deficit not desirable in normal times?
Because it makes a demand on private sector savings that competes मुक़ाबला करना with the private sector's own demand to finance its investment, leading to excess demand that spills over as inflation and a wider current account deficit. In a situation in which the private sector's own investment demand is tepid बेमन से दिया गया to cold, there is little danger of public borrowings competing with private borrowings for the same quantum  हिस्सा of private savings. On the other hand, if state sector investment generates new demand, it could crowd in fresh private investment to meet that demand. In other words, a fiscal deficit that boosts investment at a time when the private sector is chary  खबरदार of investing is a virtue सदाचार, not a sin पापकर्म.

This is not to say that the government should not try harder to cut back on wasteful subsidies, by employing direct benefit transfer wherever possible, or to raise additional resources by widening the tax base and administering taxes better. Nor should any effort be spared  छोड़ देना to get additional chunks  टुकड़े करना of surplus global savings into the National Infrastructure Investment Fund that would invest in India's infrastructure. India cannot allow rating agencies to dictate आज्ञा देना its policy priorities, that is all.

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