Manyfesto

Meaning: Releasing multiple manifestos that cater to different segments of the electorate.
Pronunciation: Men-nee-fest-toe
Usage: AAP pioneered the idea of manyfesto in the Delhi Assembly elections in 2013.
Root: Many + Manifesto.

Capitalite

Meaning: One who bankrolls parties thrown for socialites. And hence makes it to Page 3.
Pronunciation: Capital-light.
Usage: Subbi Rami Reddy is a well known capitalite.
Root: Quite obvious.

Sayonari

Meaning: A lady who dumps men.
Pronunciation: Sa-yo-na-ree.
Usage: In a polyandrous society, the sayonari would be every man's ideal. 
Root: Sayonara (Japanese for goodbye) + Nari (Hindi for woman).

Ascetic Acid

Meaning: Mind altering substances used by sadhus
Pronunciation: Self explanatory.
Usage: Come Kumbh Mela or Shivratri, the demand for ascetic acid skyrockets.
Root: Ascetic (a hermit) + Acid (Slang for hallucinogens).

Trikalyatri

Meaning: Time traveler.
Pronunciation: Three-kaal-ya-three.
Usage: Trikalyatris are not a figment of our fertile imagination. For all you know, they may be the faceless crowd we never bother to see.
Root: Trikal (Hindi for past, present and future) + Yatri (Hindi for traveler).

Andhraoid

Meaning: An alien (from Andhra) working or living in Telengana.
Pronunciation: Aan-dhroid.
Usage: The leaders of the Telengana movement are clear that they wish to treat Andhraoids as second class citizens.
Root: Andhra (short form for Andhra Pradesh, a state in Southern India)+ -oid (suffix meaning 'resembling').

Echonomist

Meaning: An amateur with no academic qualifications who passes himself off as an economist.
Pronunciation: Ecko-norm-mist.
Usage: There are way too many libertarian echonomists these days who just parrot what they read on the net.
Root: Echo (to resemble or imitate) + Economist.

Lexentric

Meaning: Habitual violator of the law.
Pronunciation: Lex-sent-trick.
Usage: Ignorance of law is no excuse for being lexentric.
Root: Lex (Latin for 'law') + Eccentric (Deviant).

Frugalbandi

Meaning: Buying 2 for the price of 1.
Pronunciation: Froo-gull-bun-dhee.
Usage: In off-seasons, brands dance to the tune of frugalbandi.
Root: Frugal (Save) + Jugalbandi (a duet)

Lassphemy

Meaning: The act of insulting women.
Pronunciation: Lass-fay-me.
Usage: MCPs take pride in indulging in lassphemy.
Root: Lass (Lady) + Blasphemy.

Scarycature

Meaning: A horrific parody.
Pronunciation: Scary-kay-cher.
Usage: History repeats itself thrice. First as tragedy, second as farce, third as a scarycature.
Root: From 'Scary Caricature'.

Affeminine

Meaning: Being less feminine.
Pronunciation: Af-fay-me-9
Usage: After her sex change operation, Michael felt affeminine.
Root: Af-(prefix meaning 'off or away') + Feminine.
Variations: Affeminate & Affemination. Affemination is the equivalent of emasculation.

Fopo

Meaning: Four word poem.
Pronunciation: Foe-poe.
Usage: Fopo is a creature made for the twitter generation.
Root: FO (sounds like 4) + PO (Abbreviated form of Poem).

Pluvarcus

Meaning: A possible name for a future country with only LGBTs as citizens.
Prounciation: Ploo-war-cuss.
Usage: The way the differently gendered are being treated, I won't be surprised if an uprising begins for a Pluvarcus in the next three decades.
Root: From Pluvia (Latin for rain) + Arcus (Latin for bow). The rainbow flag is the symbol of the gay pride movement.

Antiprotean

Meaning: One who never tires of doing the same thing, again and again.
Pronunciation: Ant-tea-pro-tea-un.
Usage: An antiprotean approach of sticking to the same line and length yielded huge dividends to Glenn McGrath.
Root: Antiprotean is the antonym of protean (meaning versatile).

Blockbluster

Meaning: Proclaiming a movie as a blockbuster even before it becomes one.
Pronunciation: Block-bluster.
Usage:  'Vetri nadai podugiradhu' kinda blockbluster is a sure sign that a movie isn't faring too well.
Root: Self explanatory.

Specuniary

Meaning: Relating to speculative money.
Pronunciation: Speck-cue-ni-ya-ree.
Usage: Land sharks are into it for specuniary gains.
Root: Speculative + Pecuniary.

Marsinogenic

Meaning: Any toxic substance that has the potential to cause fatalities on Mars.
Pronunciation: Mar-see-no-gen-nick.
Usage: The fine dust from perchloric acid is said to be a known marsinogenic.
Root: Mars + Carcinogenic.

Functuation

Meaning: The marks, such as :-), ,-), (:-), or ;-(, used in communication to spice up sentences.
Pronunciation: Funk-choo-asian.
Usage: Emoticons are functuation marks that have been invented to make obvious the tonality of the written word.
Root: Fun + Punctuation.

Valuecination

Meaning: Perception of something being valuable without any intrinsic basis.
Pronunciation: Val-you-sin-nation
Usage: If GMR were to consider Delhi Daredevils as paisa vasool, then it's got to be a crystal clear case of valuecination.
Root: Hallucination about value.

Mian Culpa

Meaning: A handy phrase for wives that translates to 'my husband's fault'.
Pronunciation: Me-ya-cool-pa.
Usage:  The burnt toast wasn't me. Mian culpa!
Root: Mian (Urdu for 'husband') + Mia Culpa (latin for "my fault")

Ouchalay

Meaning: A badly maintained loo that hurts all your senses.
Pronunciation: Ouch-cha-ley
Usage: Indian Railways must be given the credit of fathering a zillion ouchalys.
Root: Ouch (an expression of displeasure) + Shauchalay (Hindi for toilet).

Staringytis

Meaning: Tired irritated eyes due to constant gaping at the computer screen.
Pronunciation: Stare-rin-jy-tis.
Usage: The only cure to staringytis is get back to the real world and its real problems.
Root: Staring (to gaze intently) + -itis (suffix used to denote inflammation of an organ.)

Holy ray!

Meaning: An exclamation of celebration used mostly in India.
Pronunciation: Ho-lee-ray.
Usage: As CSK won the IPL6, Chennai went holy ray!
Root: From 'holi re', the cries of celebration heard during the Holi festival.

Kihuahua

Meaning: A dog of unknown pedigree.
Pronunciation: Key-wah-wah.
Usage: One day when I was driving past the central station, I came across an adorable kihuahua entreating me to take her home.
Root: Ki (Bengali for 'what') + Chihuahua (a breed of dog) = What breed is this dog?

Tressposer

Meaning: One who wears a wig.
Pronunciation: Tress-pose-sir.
Usage: The dream sequence featured tressposers in electric blue gyrating to Bollywood beats.
Root: Tress (lock of hair) + Poser (one who acts the part).

Brewitty

Meaning: Showing proficiency with one liners and word play.
Pronunciation: Brev-wit-tea.
Usage: The Amul hoardings totally relies on the ability of the writer to show some brewitty.
Root: Obvious.

Moanologue

Meaning: Crib session.
Pronunciation: Moan-no-log.
Usage: It's appraisal time. Get ready to be dragged into moanologues.
Root: Self explanatory.

Heavisceration

Meaning: Removal of fat using surgical procedures.
Pronunciation: Heavy-sa-ray-shun.
Usage: The flabby government badly needs to undergo an urgent heavisceration.
Root: Heavy + Evisceration (operating out internal parts)

Sherial Killer

Meaning: A woman who has broken many hearts.
Pronunciation: She-real-killa.
Usage: If I had the powers, I'd launch an insurance scheme for victims of sherial killers.
Root: A woman with killer looks and serial boyfriends.

Linked Ingineering

Meaning: The science of social climbing using networking.
Pronunciation: Linked-engine-near-ring.
Usage: Novices in linked ingineering will have to settle for the wooden spoon in the rat race.
Root: LinkedIn (the site for business networking) + Engineering.

Scooperman

Meaning: One with many big exposés to his credit.
Pronunciation: Scooper-man.
Usage: In the absence of investigative journalism, Arvind Kejriwal has emerged as the scooperman of our times.
Root: Scoop (a news exclusive) + Superman

Aascars

Meaning: The award from the Academy of Loose Motion Pictures that celebrates the films loved by the unwashed masses.
Pronunciation: Aas-kaars.
Usage: Powerstar Srinivasan, Viswaroopam and Golmaal 3 have great prospects at the Aascars 2013.
Root: Aascar (the Street Tamil way of saying 'Oscar').

Marry-go-round

Meaning: The vicious cycle of marriages.
Pronunciation: Mare-ri-go-round.
Usage: When kids grow up, they play marry-go-around.
Root: Self explanatory.

Gympressive

Meaning: Having a hot bod worth flaunting.
Pronunciation: Jim-press-siv.
Usage: Not being a gympressive lad, I wish for a world where having a pot belly will be considered cool.
Root: Gym + Impressive.

Tasmax

Meaning: Those who spend a considerable amount of time and money queuing up to drink alcohol.
Pronunciation: Tass-max.
Usage: The Tasmax is an odd beast. He is in a state of perpetual high while his family, in a state of perpetual low.
Root: Tasmac (a name synonymous with wine shops in Tamil Nadu) + Max (a nickname that also means 'one who maximises').

Akash Warnie

Meaning: A pro-government spin doctor.
Pronunication: Aa-kaash-Warn-nee.
Usage: All the talking heads in news channels seem like Akash Warnies to me.
Root: Akash Vani (the voice of the Government in India) + Warnie (Nick of Shane Warne, a legendary spinner).

Iruvasagam

Meaning: An utterance with double meaning.
Pronunciation: Ir-roo-va-sa-gum.
Usage: K.Bhagyaraj made a career by being an exponent of iruvasagam.
Root: Iru (tamil for two) + Vasagam (expression)
Note: Iruvasagam is synonymous with Double Entendre.

Boughtlenecks

Meaning: The difficulties a customer faces while purchasing a product.
Pronunciation: Bot-til-nex.
Usage: Distribution strategy is all about eliminating boughtlenecks.
Root: Bought (obtain in exchange for payment) + Bottlenecks (hindrances).

Shequel

Meaning: Having a girl friend with the same features/traits as an ex.
Pronunciation: Sheek-well.
Usage: Jilted lovers keep seeking shequels to relive their life that wasn't.
Root: She + Sequel (a work that develops the theme of an earlier one).

Panjanenjan

Meaning: A boastful coward.
Pronunciation: Pun-ja-nen-jan.
Usage: Most of us who are lions online and meek sheep offline, are mere panjanenjans.
Root: Panju (Tamil for cotton) + Anjanenjan (Tamil for braveheart).

Chicket

Meaning: Women's cricket.
Pronunciation: Chick-ket.
Usage: By rebranding women's cricket as 'Chicket' and by introducing more colourful sportswear, we can breathe new life into the already dead sport.
Root: Chick (young ones of the female species) + Cricket.

Zations

Meaning: The sum of all civilizations in the multiverse.
Pronunciation: Zay-shuns.
Usage: There were many zations before the big bang. There will be many more zations after the Big Crunch.
Root: Zillion + civilisATIONS.

Ariwoo

Meaning: To court someone intellectually.
Pronunciation: Ari-woo.
Usage: Nerds and geeks prefer to ariwoo the opposite sex.
Root: Arivu (Tamil for intellect) + Woo.

Zarijans

Meaning: The glitterati.
Pronunciation: Zari (rhymes with hurry) + Jans (rhymes with dunce).
Usage: Organising wine and cheese parties isn't the only way to reach the zarijans.
Root: Zari (Urdu for 'the ornate') + Jan (Hindi for 'People')

Twin Twans

Meaning: Words that come in pairs. Like Mumbo Jumbo, Hocus Pocus and Hoity Toity. Twin Twans is synonymous with reduplicatives.
Pronunciation: Twint-van.
Usage: Languages look fuddy duddy without the itsy-bitsies we call twin twans.
Root: Twin (a pair) + Twan (a whimsical verbal cousin of Twin).