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?