New norms for valuation of State Govt securities / ET editorial, dated 8.6.2018

ET,  Patna Editon, 8.6.2018,  editorial page no.8,
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shore up = prop up, सभालना

G.Sec = Inidian Government securities

eschew = sacrifice, disclaim

rev up = step up, enlarge

Backdrop = background 

verily = really 

The current valuation practice for State Govt securities are to b revised by the RBI. Present practice is to obviously faulty by which state govt papers are valued a aa uniform mark-up of 25 basis points above the yield of Govt Securities of similar period. The new plan is to value it on the basis of price observed in the primary capital market.