IMPORTANT ABBREVIATIONS



ADB        Asian Development Bank

AFSPA      Armed Forces Special Powers Act

AI                Amnesty International

AIDS        Acquired Immune Deficiency Syndrome

APEC        Asia – Pacific Economic Cooperation

ASBA        Application Supported by Blocked Account

ASEAN      Association of Southeast Asian Nations

ASLV        Augmented Satellite Launch Vehicle

BAFTA      British Academy of Film and Television Award

BARC        Bhabha Atomic Research Centre

BBC        British Broadcasting Corporation

BHEL        Bharat Heavy Electricals Limited

BIFR        Board for Industrial Financial Reconstruction

BIMSTEC   Bay of Bengal Initiative for Multi Sectoral Technical & Economic Cooperation

BIS        Bureau of Indian Standards

BPL        Below Poverty Line

BRICS      Brazil–Russia–India–China–South Africa

BSE        Bombay Stock Exchange

CAG        Comptroller and Auditor General of India

CAGR        Compound Annual Growth Rate

CASA        Current Account Saving Account

CBDT        Central Board for Direct Taxes

CBEC        Central Board for Excise and Customs

CCEA        Cabinet Committee on Economic Affairs

CIA        Central Intelligence Agency

CIBIL          Credit Information Bureau of India Limited

CII        Co-federation of Indian Industry

CNG        Compressed Natural Gas

CPI        Consumer Price Index

CRR        Cash Reserve Ratio

CSIR        Council of Science and Industrial Research

CSO        Central Statistical Organization

CTS        Cheque Truncation System

CTT      Commodity Transaction Tax

CVC        Central Vigilance Commission

DICGC      Deposit Insurance and Credit Guarantee Corporation

DTAA        Double Tax Avoidance Agreement

DTC        Direct Tax Code

ECG        Electro Cardiogram

ECS        Electronic Clearing System

ELSS        Equity Link Saving Scheme

EMI        Equated Monthly Instalment

EPFO        Employee Provident Fund Organization

FCCB        Foreign Currency Convertible Bond

FDI        Foreign Direct Investment

FEMA        Foreign Exchange Management Act

FICCI          Federation of Indian Chamber of Commerce and Industry

FIFA        Federation International Football Association

FII        Foreign Institutional Investor

FSSAI         Food safety and Standards Authority of India

G-7        Group Seven 

GAAR        General Anti-Avoidance Rules

GATT        General Agreement on Tariffs and Trade

GDP        Gross Domestic Product

GIC        General Insurance Corporation

GMT        Greenwich Mean Time

GNP        Gross Notional Product

GSLV        Geosynchronous Satellite Launch Vehicle

GST            Goods and Service Tax

HDFC        Housing Development Finance Corporation

IAEA        International Atomic Energy Agency

IBRD        International Bank for Reconstruction and Development (World Bank)

ICAR        Indian Council of Agriculture Corporation of India

ICC        International Cricket Council

ICICI           Industrial Credit and Investment Corporation of India

ICJ        International court of Justice (Hague)

IDA        International Development Agency

IDBI        Industrial Development Bank of India

IFC        International Finance Corporation

IFCI        Industrial Finance Corporation of India

IIP        Index of Industrial Production

IMF        International Monetary Fund

IMF        International Monetary Fund (Washington)

INSAT         Indian National Satellite System

IPO        Initial Public Offer

IRDA        Insurance Regulatory Development Agency

ISI        Indian Standard Institute

ISO        International Standard Organization

ISRO        Indian Space Research Organisation (Bangaluru)

JHF        Joint Hindu Family

KVIC        Khadi and Village Industries Corporation

KVP        Kishan Vikas Patra

KYC        Know your customer

LIC        Life insurance corporation of India

LPG        Liquefied Petroleum Gas

LTV        Loan To Value

MCX        Multi Commodity Exchange

MF        Mutual Fund

MICR        Magnetic ink character recognition

MNREGA  Mahatma Gandhi National Rural Employment Guarantee Act

MSF        Marginal Standing Facility

MSME      Micro Small Medium Enterprise

MUDRA     Micro Units Development and Refinance Agency

NABARD   National Bank for Agriculture and Rural Development

NARI        National Repository of Information for Women

NASA        National Aeronautic and space administration

NASSCOM National Association of Software and Service Companies

NATO        North Atlantic Treaty Organisation

NBFC        Non-Banking Finance Company

NCERT      National council of education research and training

NDC        National Development Council

NEFT        National Electronic Fund Transfer

NGO        Non-Government Organization

NHAI        National Highway Authority of India

NHB        National Housing Bank

NHRC        National Human Right Commission

NITI     Ayog  National Institution for Transforming India

NPA           Non-Performing Assets

NRHM      National Rural Health Mission

NSC        National Saving Certificate

NSDL        National Security Depository Limited

NSE        National Stock Exchange

OPEC        Organization of the Petroleum Exporting Countries

PAN        Permanent Account Number

PDS        Public Distribution System

PETA        People for the Ethical Treatment of Animals

PIN        Personal Identification Number

PNR        Passenger Numerical Record

PPF        Public Provident Fund

PPP        Purchasing Power Parity

PRL        Physical Research Laboratory (Ahmedabad)

RDBMS      Relation Database Management System

RIDF        Rural Infrastructure Development Fund

RRB        Regional Rural Bank

RTGS        Real time gross settlement

S & P      Standard & Poor

SAARC      The South Asian Association for Regional Cooperation

SBF        Small Business Finance

SCO        Shanghai Corporation Organisation

SEBI        Securities and Exchange Board of India

SENSEX     Sensitivity Index

SEZ        Special Economic Zone

SFMS        Structured Financial Messaging Service

SGB        Sovereign Gold Bond

SGSY        Swarnjayanti Gram Swarojgar Yojana

SHG        Self Help Group

SIDBI         Small Industrial Development bank of India

SIP        Systematic Investment Plan

SLR        Statutory Liquidity Ratio

SPV        Special Purpose Vehicle

SSI        Small Scale Industries

STT        Securities Transaction Tax

SWIFT      Society for Worldwide Inter financial Telecommunication

SWOT      Strength Weakness Opportunity Threats

TRAI        Telecom Regulatory Authority of India

UDAN        Ude Desh ka Aam Naagrik

UGC        University Grants Commission

UIDAI         Unique Identification Authority of India

ULIP        Unit Linked Insurance Policy

UN        United Nations

UNDP        United Nations Development Programme

UNESCO    United Nations Educational, Scientific and Cultural Organization(Paris)

UNFPA      United Nations Population Fund

UNICEF      United Nations International Children Emergency Fund (Geneva)

WHO        World Health Organisation (Geneva)

WTO        World Trade Organisation (Geneva)