Some important abbrevation- GDP – Gross Domestic Product NBFC – Non banking finance company. SDR (Special Drawing Rights) issued by – IMF. Chairman of 13 th finance commission – Vijay Kelkar. Financial Inclusion -- Banking servicesto rural people. Balance Sheet - The details of the companies financial position in the annual reportof a company. IRDA :Insurance Regulatory Development Authority. It regulated Insurance companies in India. RBI : The financial body which frames Monetary and Financial policy in India – Kirit Parekh Committee :committee that recommended the hike of petrol and diesel prices – KYC : Know Your Customer - For preventing frauds and counterfeiting in a bank, RBI has proposed this scheme. FCCB : Foreign Currency Convertible Bond - Organization that deals with Fertilizer industry. MAT– Minimum Alternate Tax. SME – Small and Medium Enterprises. SSI - Small Scale Industries FCRA – Foreign Contribution Regulation Act. APEC – Asia Pacific Economic Cooperation. NPA – Non Performing assets POS – Point of sale ECS – Electronic Clearing system FTA - Free Trade Agreement The exchange of goods between the two or more countries. TPF – Trade policy Forum. CRISIL - Credit Rating agency in India IIP :Index of Industrial Production NCDEX :National Commodity and Derivatives Exchange NABARD:NationalBank for Agriculture and rural development ADB (Asian Development Bank ) POS -- Point of Scale VAT stands for -- Value AddedTax GST : Good and Service Tax. NEFT full form -- National Electronic Fund Transfer. LLP – Limited Liability Partnership. RTGS :Real Time Gross Settlement FINO -- Financial Inclusion Network and Operations. ETF -- Exchange Traded Fund PPP means : purchasing power parity. N.A.V. – Net Assets Value. SEBI :Security Exchange Board of India.
Posted on: Sat, 10 Aug 2013 14:44:28 +0000
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