Buzzwords of 2012: GAAR to lobbying; Libor to fiscal cliff


In the banking space, the NPAs was the buzzword, while the companies making losses tried to give it a positive spin by calling them 'negative profits', and fall in their business as 'negative growth' rather than a simple 'decline'.

For UB Group Chief Vijay Mallya, Kingfisher was working on a 'holding pattern', when the airline was actually on the brink of being grounded. In aviation parlance, 'holding pattern' is used to describe the multiple 360-degree turns made by the pilot while waiting to land his or her aircraft.

Despite their complex meanings, most of these terms and phrases became 'new normal', which itself was coined a couple of years ago as a purely economic buzzword and has now been used in the name of a popular sitcom in the

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