Abbreviations - Important Commercial Abbreviations

ADB :- Asian Development Bank

ADR :- American Depositary Receipt

AGM :- Annual General Meeting

AIDWA :- All India Democratic Woman’s Association

AITUC :- All India Trade Union Congress

AMFI :- Association of Mutual Funds in India

AO :- Additive Outliers

APEC :- Asia-Pacific Economic Cooperation

APL :- Above Poverty Line

APM :- Administered Pricing Mechanism

ARC :- Asset Reconstruction Company

ARDR :- Agricultural and Rural Debt Relief

ASBA :- Application Supported by Block Amount

ASEAN :- Association of South-East Asian Nations

ASEM :- Asia-Europe Meeting

ASSOCHAM :- Associated Chambers of Commerce and Industry of India

ATM :- Asynchronous Transfer Mode

ATM :- Automated teller machine

BCBS :- Basel committee for Banking Supervision

BCSBI :- Banking Codes and Standards Board of India

BIFR :- Board of Industrial and Financial Reconstruction

BIS :- Bank for International Settlements

BIS :- Bureau of Indian Standards

BOLT :- BSE On-Line Trading (System)

BOP :- Balance of Payments

BOT :- Build, Operate and Transfer

BPL :- Below Poverty Line

BPO :- Business Process Outsourcing

BSCS :- Basel Committee on Banking Supervision

BSE :- Bombay Stock Exchange

BSR :- Basic Statistical Returns

C & AG :- Comptroller & Auditor General

CA :- Chartered Accountant

CABE :- Central Advisory Board of Education

CACP :- Commission of Agriculture Cost and Price

CAD :- Capital Account Deficit

CAG :- Controller and Auditor General of India

CAPART :- Council for People’s Action and Advancement of Rural Technology

CAR :- Capital adequacy ratio

CARE :- Credit Analysis & Research Ltd.

CBS :- Core banking solution

CC :- Cash Credit

CCI :- Competition Commission of India

CCIL :- Clearing Corporation of India limited

CD :- Certificate of Deposit

CDSL :- Central Securities Depository Limited

CECA :- Comprehensive Economic Cooperation Agreement

CEPA :- Comprehensive Economic Partnership Agreement

CFRA :- Combined Finance and Revenue Accounts

CHOGM :- Commonwealth Heads of Government Meeting

CIBIL :- Credit Information Bureau (India) Ltd

CII :- Confederation of Indian Industry

CIS :- Commonwealth of Independent States

CITES :- Convention on International Trade in Endangered Species

CITU :- Centre Of Indian Trade Unions

CMP :- Common Minimum Program

CO :- Capital Outlay

CP :- Commercial Paper

CPI :- Consumer Price Index

CPI (AL) :- Consumer Price Index for Agricultural Labors.

CPI (IW) :- Consumer Price Index for Industrial Workers

CPI (RL) :- Consumer Price Index for Rural Labourers

CPI (UNME) :- The Consumer Price Index for Urban Non-Manual Employees.

CR :- Capital Receipts

CRAR :- Capital to Risk Weighted Asset Ratio

CRISIL :- Credit Rating Information Services of India Limited

CRR :- Cash Reserve Ratio

CSIR :- Council of Scientific and Industrial Research

CST :- Central Sales Tax

CTT :- Commodities Transaction Tax

DA :- Dearness Allowance; Daily Allowance

DAP :- Development Action Plan

DBOD :- Department of Banking Operations and Development

DBS Bank Lt :- The Development Bank of Singapore Limited.

DCA :- Department of Company Affairs

DCM :- Department of Currency Management

DD :- Demand Draft

DDS :- Data Dissemination Standards

DICGC :- Deposit Insurance and Credit Guarantee Corporation of India

DMA :- Departmentalized Ministries Account

DMIC :- Delhi-Mumbai Industrial Corridor

DPEP :- District Primary Education Program

ECA :- Essential Commodity Act

ECB :- External Commercial Borrowings

ECS :- Electronic Clearing Service

ECS :- Electronic clearing system

EDUSAT :- Education Satellite

EEE :- Exempt Exempt Exempt

EEFC Accounts :- Exchange Earners Foreign Currency Account

EET :- Exempt Exempt Taxation

EFA :- Education for All

EFT :- Electronic fund transfer

EGOM :- Empowered Group of Ministers

EMI :- Equated Monthly Installment

EMS :- European Monetary System

EPF :- Employees Provident Fund

EPF :- Employees Provident Fund

EPFO :- Employees Provident Fund Organization

ERNET :- Educational and Research Network

ESA :- European Space Agency

ESCAP :- Economic and Social Commission for Asia and Pacify

ESMA :- Essential Services Maintenance Act

ESOP :- Employee Stock Option Program

EU :- European Union

EXIM :- Export Import Bank of India

FAO :- Food and Agriculture Organization

FCCB :- Foreign Currency Convertible Bond

FCNR :- Foreign Currency (Non-Resident) Accounts Scheme

FCNR(B) :- Foreign Currency Currency Non-Repatriable(Banks)

FCNR(B) :- Foreign Currency Non-resident (Banks)

FDI :- Foreign Direct Investment

FEMA :- Foreign Exchange Management Act

FERA :- Foreign Exchange Regulations Act

FICCI :- Federation of Indian Chambers of Commerce and Industry

FICCI :- Federation of Indian Chambers Of Commerce and Industry

FII :- Foreign Institutional Investors

FIMMDA :- Fixed Income Money Market and Derivatives Association of India

FIPB :- Foreign Investment Promotion Board (Of India)

FMCG :- Fast Moving Consumer Goods

FPO :- Follow on Public Offer

FRBM :- Fiscal Responsibility And Budget Management

FSSA :- Food Safety And Standards Authority (Of India)

FTA :- Free Trade Area

GATT :- General Agreement On Tariffs And Trade

GCC :- Gulf Cooperation Council

GDP :- Gross Domestic Product

GDR :- Global Depositary Receipt

GEF :- Global Environment Fund

GIC :- General Insurance Corporation

GNP :- Gross National Product

GOI :- Government of India

GST :- Goods and Service Tax

HDFC :- Housing Development Finance Corporation Limited

HDI :- Human Development Index

HSBC :- Hong Kong and Shanghai Banking Corporation Limited

HUDCO :- Housing & Urban Development Corporation

HUDC :- Housing And Urban Development Corporation

IAAI :- International Airport Authority Of India

IAAS :- Indian Audit and Accounts Service

IADF :- International Agricultural Development Fund

IAEA :- International Atomic Energy Agency

IASB :- The International Accounting Standards Board

IBRD :- International Bank for Reconstruction and Development

ICAI :- Institute of Chartered Accountants of India

ICAR :- Indian Council of Agricultural Research

ICCW :- Indian Council for Child Welfare

ICDS :- Integrated Child Development Service

ICICI :- Industrial Credit and Investment Corporation of India

ICMR :- Indian Council of Medical Research

ICOR :- Incremental capital output ratio

ICRA :- Investment information and Credit Rating Agency

ICRC :- International Committee of Red Cross

IDA :- International Development Association

IDBI :- Industrial Development Bank of India

IDR :- Indian Depository Receipts

IES :- Indian Economic Service

IEX :- Indian Energy Exchange

IFAD :- International Fund for Agricultural Development

IFC :- International Finance Corporation

IFRS :- International Financial Reporting Standard

IFSC :- Indian Financial System Code

IFSC :- Indian financial system code

IFTU :- International Federation of Trade Unions

IFWJ :- Indian Federation of Working Journalists

IIP :- The Index of Industrial Production

IIPA :- Indian Institute of Public Administration

IISS :- International Institute of Strategic Studies

ILO :- International Labor Organization

IMF :- International Monetary Fund

IMO :- International Maritime Organization

IMRB :- Indian Market Research Bureau

INMARSAT :- International Maritime Satellite Organization

INR :- Indian Rupee

INTERPOL :- International Police Organization

INTUC :- Indian National Trade Union Congress

IOC :- International Olympic Committee

IP :- Interest Payment

IPCC :- Intergovernmental Panel on Climate Change

IPEC :- International Program on Elimination Of Child Labor

IPO :- Initial public offer

IPR :- Intellectual Property Right

IRDA :- Insurance Regulatory Developement Authority

IRDA :- Insurance Regulatory and Development Authority

IREP :- Integrated Rural Energy Planning

ISO :- International Standardization Organization

ISS :- International Space Station

ITDC :- Indian Tourism Development Corporation

ITO :- International Trade Organization; Income-Tax Officer

ITU :- International Tele-Communication Union

JNNURM :- Jawaharlal Nehru National Urban Renewal Mission

KPO :- Knowledge Process Outsourcing

KVIC :- Khadi & Village Industries Corporation

KYC :- Know your customer

LAMPS :- Large-sized Adivasi Multipurpose Societies

LDC :- Least Developed Countries

LIBOR :- London Inter Bank Offer Rate

LIC :- Life Insurance Corporation (Of India)

LLP :- Limited Liability Partnership

MA :- Moving Average

MAIT :- Manufacturers’ Association for Information Technology

MAT :- Minimum Alternative Tax

MCA :- Ministry of Company Affairs

MCAP :- Market capitalization / Mid cap

MDG :- Millennium development goals

MEP :- Minimum Export Pric

MFA :- Multi-Fiber Agreement

MFI :- Micro finance institution

MFIN :- Micro finance institution network

MFN :- Most Favored Nation

MGNREGA :- National Rural Employment Guarantee Act

MIBOR :- Mumbai Interbank offer rate

MICR :- Magnetic ink character recognition

MIN :- Mutual fund identification no.

MIS :- Marketing Intelligence System

MNC :- Multi-National Corporation

MRP :- Maximum Retail Price

MRTPC :- Monopolies and Restrictive Trade Practices Commission

MRTS :- Mass Rapid Transit System

MSME :- Micro Small and Medium Enterprises

MSP :- Minimum support price

MT :- Mail Transfer

MTO :- Multilateral Trade Organization

NABARD :- National Bank for Agriculture and Rural Development

NAEP :- National Adult Education Program

NAFED :- National Agricultural Cooperative Marketing Federation of India Ltd

NAFTA :- North America Free Trade Agreement

NAM :- Non-Aligned Movement

NAMA :- Non-Agriculture Market Access

NASDAQ :- National Association of Securities Dealers Automated Quotation

NASSCOM :- National Association of Software and Services Companies

NATO :- North Atlantic Treaty Organization

NAV :- Net Asset Value

NBFC :- Non Banking Finance Companies

NCAER :- National Council Of Applied Economic Research

NCERT :- National Council Of Education Research And Training

NCPCR :- National Commission for Protection of Child Rights

NDC :- National Development Council

NEFT :- National Electronic Fund Transfer

NEGP :- National E-Governance Plan

NEP :- National Education Policy

NFO :- New Fund Offers

NGO :- Non-Governmental Organization

NHAI :- National Highways Authority of India

NHDP :- National Highways Development Project

NHRC :- National Human Rights Commission

NIC :- National Industrial Classification

NIFT :- National Institute of Fashion Technology

NIO :- National Institute of Oceanography

NLMA :- National Literacy Mission Authority

NMDC :- National Mineral Development Corporation

NNP :- Net National Production

NOHFC :- non-operative financial holding company

NPA :- Non Performing Asset

NPR :- National Population Register

NRI :- Non-Resident Indian

NSC :- National Statistical Commission

NSDL :- National Securities Depository Limited

NSE :- National Stock Exchange

NSSO :- National Sample Survey Organization

NTPC :- National Thermal Power Corporation

OD :- Over Draft

ODA :- Official Development Assistance

OECD :- Organization of Economic Co-Operation and Development

OGL :- Open General License

OIC :- Organization of Islamic Countries

OIL :- Oil India Limited

OLTAS :- OnLine Tax Accounting System

OMCS :- Oil Marketing Companies

ONGC :- Oil And Natural Gas Commission

OPEC :- Organization Of Petroleum Exporting Countries

OSCE :- Organization For Security And Cooperation In Europe

PAC :- Public Accounts Committee

PACS :- Primary Agriculture Credit Societies

PAN :- Permanent Account Number (Of Income-Tax)

PATA :- Pacific-Asia Travel Association

PCI :- Per capita income

PD :- Primary Deficit

PDO :- Public Debt Office

PDS :- Public Distribution System

PIL :- Public Interest Litigation

PIO :- Persons Of Indian Origin

PN :- Participatory Note

PNB :- Punjab National Bank.

PO :- Principal Office

POP :- Point Of Purchase

PPF :- Public Provident Fund

PPP :- Public private partnership / Purchasing power parity

PSE :- Public Sector Enterprises

PTA :- Preferential Trade Area

PURA :- Providing urban amenities in rural areas

QIB :- Qualified Institutional Buyer

QIP :- Qualified Institutional Placement

QR :- Quantitative Restriction

RBI :- Reserve Bank Of India

RDBMS :- Relational Database Management System

RE :- Revenue Expenditure

REC :- Rural Electrification Corporation

RIDF :- Rural infrastructure development fund

RMB :- Renminbi (Chinese)

RR :- Revenue Receipts

RRB :- Regional Rural Bank

RRPI :- Rural Retail Price Index

RSETI :- Rural Self Employment Training Institute

RTGS :- Real Time Gross Settlement

SAARC :- South Asian Association for Regional Co-Operation

SAFTA :- South Asian Free Trade Area

SAIL :- Steel Authority of India Limited

SAM :- Social Accounting Matrix

SAPTA :- SAARC Preferential Trading Agreement

SARFAESI ACT :- The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

SBI :- State Bank of India.

SC :- Schedule Caste

SCO :- Shanghai Cooperation Organization

SCOPE :- Standing Conference On Public Enterprises

SDF :- shipping declaration form

SDR :- Special Drawing Rights

SEBI :- Securities and Exchange Board of India

SEBI :- Securities And Exchange Board Of India

SEWA :- Self employed woman’s association

SEZ :- Special Economic Zone

SFC :- State Financial Corporation

SGL :- Subsidiary General Ledger

SIDBI :- Small Industries Development Bank of India

SLR :- Statutory Liquidity Ratio

SSI :- Small-Scale Industries

ST :- Schedule Tribe

STDR :- Special Term Deposit Receipt

STT :- Securities Transaction Tax

SWIFT :- Society for Worldwide Financial Telecommunications,

TC :- Temporary Change

TDS :- Tax Deduction at Source

TIFR :- Tata Institute Of Fundamental Research

TIN :- Tax Information Network

TINXSYS :- Tax Information Exchange System

TISCO :- Tata Iron and Steel Company

TPDS :- Targeted Public Distribution System

TRAI :- Telecom Regulatory Authority Of India

TRIMS :- Trade Related Investment Measures

TRIPS :- Trade Related Intellectual Property Rights

TRYSEM :- Training Of Rural Youth For Self Employment

TT :- Telegraphic Transfer

UCO :- United Commercial Bank.

UN :- United Nations

UNCTAD :- United Nations Conference On Trade And Development

UNDP :- United Nations Development Program

UNEF :- United Nations Emergency Force

UNEP :- United Nations Environment Program

UNESCO :- United Nations Educational, Scientific And Cultural Organization

UNFCCC :- United nation framework convention on climate change

UNFPO :- United Nations Fund For Population Activities

UNHCR :- United Nations High Commissioner For Refugees

UNHRC :- United Nations Human Rights Commission

UNICEF :- United Nations International Children’s (Emergency) Fund

UNIDO :- United Nations Industrial Development Organization

UNRRA :- United Nations Relief And Rehabilitation Administration

US :- United States

USD :- US Dollars

USE :- United Stock Exchange

VAT :- Value-Added Tax

VC :- Venture Capital

VDIS :- Voluntary Disclosure Of Income Scheme

VRS :- ,Voluntary Retirement Scheme

WEF :- World Economic Forum

WFP :- World Food Program

WHO :- World Health Organization

WIPO :- World Intellectual Property Organization