ACF

–

Auto Correlation Function

AD

–

Actual Deficit

ADs

–

Authorised Dealers

ADRs

–

American Depository Receipts

AEZs

–

Agriculture Economic Zones

AIBP

–

Accelerated Irrigation Benefit Programme

AIFIs

–

All-India Financial Institutions

AL

–

Autonomous Liquidity

AMS

–

Aggregate Measure of Support

AoA

–

Agreement on Agriculture

APDRP

–

Accelerated Power Development and Reform Programme

BA/NA

–

Bid Amount/Notified Amount

BIMSET-EC–

Bangladesh, India, Myanmar, Sri Lanka, Thailand-Economic Cooperation

BIS

–

Bank for International Settlements

BoP

–

Balance of Payments

BPL

–

Below Poverty Line

CAC

–

Capital Account Convertibility

CACP

–

Commission on Agricultural Costs and Prices

CAD

–

Current Account Deficit

CAG

–

Comptroller and Auditor General of India

CAPM

–

Capital Asset Pricing Model

CAS

–

Credit Authorisation Scheme

CBEC

–

Central Board of Excise and Customs

CCIL

–

Clearing Corporation of India Limited

CCS

–

Cash Compensatory Scheme

CD

–

Cyclical Deficit

CEECs

–

Central, Eastern and European Countries

CGE

–

Computable General Equilibrium

CI

–

Crowding-In

CILI

–

Composite Index of Leading Indicators

CIS

–

Commonwealth of Independent States

CMIE

–

Centre for Monitoring Indian Economy

CPI

–

Consumer Price Index

CPI-IW

–

Consumer Price Index for Industrial Workers

CPSUs

–

Central Public Sector Undertakings

CRAR

–

Capital to Risk-Weighted Assets Ratio

CRR

–

Cash Reserve Ratio

CSO

–

Central Statistical Organisation

DCF

–

Debt Creating Flows

DCCBs

–

District Central Co-operative Banks

DEPB

–

Duty Entitlement Passbook

DFHI

–

Discount and Finance House of India

DFI

–

Development Finance Institution

DFRC

–

Duty Free Replenishment Certificate

DGCI&S

–

Directorate General of Commercial Intelligence and Statistics

DGFT

–

Directorate General of Foreign Trade

DL

–

Discretionary Liquidity

DRI

–

Differential Rate of Interest

DTA

–

Domestic Tariff Area

DvP

–

Delivery versus Payment

EAC

–

Economic Advisory Council

ECBs

–

External Commercial Borrowings

EDI

–

Electronic Data Interchange

EEFC

–

Exchange Earners’ Foreign Currency

EFC

–

Eleventh Finance Commission

EFTA

–

European Free Trade Association

EHTP

–

Electronic Hardware Technology Park

EOUs

–

Export Oriented Units

EPCG

–

Export Promotion Capital Goods

EPZs

–

Export Processing Zones

ERR

–

Economic Rate of Return

ESOP

–

Employee Stock Option

EU

–

European Union

EXIM

–

Export Import Bank/Policy

FC(B&O)

–

Foreign Currency Bank and Ordinary

FC(ON)

–

Foreign Currency Ordinary Non-Resident

FCCBs

–

Foreign Currency Convertible Bonds

FCNR(B)

–

Foreign Currency Non-Resident (Banks)

FCNR(A)

–

Foreign Currency Non-Resident Account

FCRCs

–

Foreign Controlled Rupee Companies

FDI

–

Foreign Direct Investment

FEDAI

–

Foreign Exchange Dealers’ Association of India

FEMA

–

Foreign Exchange Management Act

FERA

–

Foreign Exchange Regulation Act

FHP

–

Farm Harvest Prices

FIIs

–

Foreign Institutional Investors

FPI

–

Foreign Portfolio Investment

FRA

–

Forward Rate Agreement

FRBMB

–

Fiscal Responsibility and Budget Management Bill

FRBs

–

Floating Rate Bonds

FRL

–

Full Reservoir Level

GATS

–

General Agreement on Trade in Services

GATT

–

General Agreement on Tariffs and Trade

GCF

–

Gross Capital Formation

GDCF

–

Gross Domestic Capital Formation

GDS

–

Gross Domestic Saving

GDP

–

Gross Domestic Product

GDRs

–

Global Depository Receipts

GFD

–

Gross Fiscal Deficit

HP

–

Hodrick - Prescott

ICOR

–

Incremental Capital Output Ratio

ICRA

–

Investment and Credit Rating Agency

IDA

–

International Development Association

IDB

–

India Development Bond

IDBI

–

Industrial Development Bank of India

IFCI

–

Industrial Finance Corporation of India

IIBI

–

Industrial Investment Bank of India

IIP

–

Index of Industrial Production

ILAF

–

Interim Liquidity Adjustment Facility

ILO

–

International Labour Organisation

IMD

–

India Millennium Deposit

IMF

–

International Monetary Fund

IP

–

Intellectual Property

IPOs

–

Initial Public Offerings

IRDA

–

Insurance Regulatory and Development Authority

IRS

–

Interest Rate Swaps

IT

–

Information Technology

ITOT

–

Income Terms of Trade

KCC

–

Kisan Credit Card

LAC

–

Latin American and Caribbean Countries

LAF

–

Liquidity Adjustment Facility

LERMS

–

Liberalised Exchange Rate Management System

LIBOR

–

London Inter-Bank Offer Rate

LPA

–

Long Period Average

LTO

–

Long Term Operation

M₃

–

Broad Money

MAPE

–

Mean Absolute Percentage Error

MFN

–

Most Favoured Nation

MNCs

–

Multi-National Corporations

MoU

–

Memorandum of Understanding

MPC

–

Marginal Propensity to Consume

MSP

–

Minimum Support Price

MTFRP

–

Medium-Term Fiscal Reform Programme

NAFTA

–

North American Free Trade Agreement

NASSCOM–

National Association of Software Services and Companies

NBFCs

–

Non-Banking Financial Companies

NBFIs

–

Non-Banking Financial Institutions

NCAER

–

National Council of Applied Economic Research

NCF

–

Net Capital Flows

NDAs

–

Net Domestic Assets

NDCF

–

Non-Debt Capital Flow

NDS

–

Negotiated Dealing System

NDTL

–

Net Demand and Time Liabilities

NEER

–

Nominal Effective Exchange Rate

NFA

–

Net Foreign Assets

NIC

–

National Industrial Classification

NPAs

–

Non-Performing Assets

NPRIOL

–

Non-Priority Sector Loans to Total Loan

NR(NR)RD–

Non-Resident (Non-Repatriable) Rupee Deposit

NR(E)RA

–

Non-Resident External Rupee Account

NRIs

–

Non-Resident Indians

NRO

–

Non-Resident Ordinary

NR(S)RA

–

Non-Resident Special Rupee Account

NTOT

–

Net Terms of Trade

NTPC

–

National Thermal Power Corporation

NTR

–

Non-Tax Revenues

OBUs

–

Overseas Banking Units

OCBs

–

Overseas Corporate Bodies

OECD

–

Organisation of Economic Co - Operation and Development

OGL

–

Open General Licence

OLS

–

Ordinary Least Squares

OMO

–

Open Market Operations

OMS

–

Open Market Sales

OPEC

–

Organisation of Petroleum Exporting Countries

OWS

–

Other Welfare Schemes

PDs

–

Primary Dealers

PDS

–

Public Distribution System

PIO

–

Persons of Indian Origin

PLRs

–

Prime Lending Rates

POL

–

Petroleum, Oil and Lubricants

PSU

–

Public Sector Undertaking

QRs

–

Quantitative Restrictions

RBI

–

Reserve Bank of India

R&D

–

Research and Development

RE

–

Revised Estimate

REER

–

Real Effective Exchange Rate

RFC(D)

–

Resident Foreign Currency Domestic

RIBs

–

Resurgent India Bonds

RIDF

–

Rural Infrastructure Development Fund

RNBCs

–

Residuary Non-Banking Companies

RoW

–

Rest of World

RMSPE

–

Root Mean Square Percentage Error

RPS

–

Retention Price Schemes

RTGS

–

Real Time Gross Settlement

SAPTA

–

SAARC Preferential Trading Agreement

SBI

–

State Bank of India

SCBs

–

Scheduled Commercial Banks

SD

–

Structural Deficit

SDP

–

State Domestic Product

SEBs

–

State Electricity Boards

SERC

–

State Electricity Regulatory Commission

SEZs

–

Special Economic Zones

SGF

–

Settlement Guarantee Fund

SIDBI

–

Small Industries Development Bank of India

SIL

–

Special Import Licence

SLR

–

Statutory Liquidity Ratio

SMP

–

Statutory Minimum Price

SPSU

–

State Public Sector Undertaking

SRTU

–

State Road Transport Undertaking

SSI

–

Small-Scale Industries

STRIPS

–

Separate Trading for Registered Interest and Principal of Securities

TFCI

–

Tourism Finance Corporation of India

TFP

–

Total Factor Productivity

TNCs

–

Transnational Corporations

TPDS

–

Targeted Public Distribution System

TRIPs

–

Trade Related Intellectual Property Rights

UCBs

–

Urban Co-operative Banks

UMA

–

Unpleasant Monetarist Arithmetic

UNCTAD

–

United National Conference on Trade and Development

URIF

–

Urban Reforms Incentive Funds

UTI

–

Unit Trust of India

VAT

–

Value Added Tax

VAR

–

Vector Auto Regression

VRS

–

Voluntary Retirement Scheme

WEO

–

World Economic Outlook

WMA

–

Ways and Means Advances

WOS

–

Wholly Owned Subsidiaries

WPI

–

Wholesale Price Index

WTO

–

World Trade Organisation