ADB – Asian Development Bank ADRs – American Depository Receipts ADs – Authorised Dealers AEZs – Agri Export Zones AIFIs – All India Financial Institutions

ARCH – Auto Regressive Conditional Heteroscedasticity

ASEAN – Association of South East Asian Nations

ASIDE – Assistance to States for Infrastructural Development for Exports

BCBS – Basel Committee on Banking Supervision

BCI – Business Confidence Index

BIS – Bank for International Settlements

BoP – Balance of Payments

BPO – Business Process Outsourcing CA – Current Account CAC – Capital Account Convertibility CACs – Collective Action Clauses CAD – Current Account Deficit

CBLO – Collateralised Borrowing and Lending Obligation

CCI – Current Competitiveness Index

CCIL – Clearing Corporation of India Limited

CCL – Contingent Credit Line

CD – Certificates of Deposit

CGFS – Committee on the Global Financial System

CII – Confederation of Indian Industry

CII-ASCON – Confederation of Indian Industry-Associations Council

CIP – Covered Interest Parity

CIS – Commonwealth of Independent States

CMIE – Centre for Monitoring Indian Economy

CPI – Consumer Price Index

CPI-IW – Consumer Price Index for Industrial Workers

CPLG – Core Principles Liaison Group

CPSS – Committee on Payment and Settlement System

CRAR – Capital to Risk-Weighted Assets Ratio

CRR – Cash Reserve Ratio

CV – Coefficient of Variation

DCCB – District Central Co-operative Bank DEAR – Daily Earnings At Risk DEM – Deutsche Mark DEPB – Duty Entitlement Pass Book

DGCI & S – Directorate General of Commercial Intelligence and Statistics

DGNI – Debt to Gross National Income Ratio

DSE-ECRI – Delhi School of Economics-Economic Cycles Research Institute

DSR – Debt Service Ratio DTA – Domestic Tariff Area DvP – Delivery versus Payment

EBRD – European Bank for Reconstruction and Development

ECAIs – External Credit Assessment Institutions

ECBs – External Commercial Borrowings

EFM – Emergency Financing Mechanism

CIP – Covered Interest Parity

CIS – Commonwealth of Independent States

CMIE – Centre for Monitoring Indian Economy

CPI – Consumer Price Index

CPI-IW – Consumer Price Index for Industrial Workers

CPLG – Core Principles Liaison Group

CPSS – Committee on Payment and Settlement System

CRAR – Capital to Risk-Weighted Assets Ratio

CRR – Cash Reserve Ratio

CV – Coefficient of Variation

DCCB – District Central Co-operative Bank DEAR – Daily Earnings At Risk DEM – Deutsche Mark DEPB – Duty Entitlement Pass Book

DGCI & S – Directorate General of Commercial Intelligence and Statistics

DGNI – Debt to Gross National Income Ratio

DSE-ECRI – Delhi School of Economics-Economic Cycles Research Institute

DSR – Debt Service Ratio DTA – Domestic Tariff Area DvP – Delivery versus Payment

EBRD – European Bank for Reconstruction and Development

ECAIs – External Credit Assessment Institutions

ECBs – External Commercial Borrowings

EFM – Emergency Financing Mechanism

FSSA – Financial System Stability Assessment

FTAs – Free Trade Agreements

FTP – Financial Transaction Plan

GATS – General Agreement on Trade in Services

GCI – Growth Competitiveness Index

GDCF – Gross Domestic Capital Formation

GDDS – General Data Dissemination System

GDP – Gross Domestic Product

GDPFC – Gross Domestic Product at Factor Cost

GDRs – Global Depository Receipts GFD – Gross Fiscal Deficit HIPC – Heavily Indebted Poor Country

IAIS – International Association of Insurance Supervisors

IASB – International Accounting Standards Board

IASC – International Accounting Standards Committee

IASs – International Accounting Standards

IBS – International Banking Statistics

ICCs – International Credit Cards

ICRA – Investment and Credit Rating Agency

IDBs – India Development Bonds

IEO – Independent Evaluation Office

IFAC – International Federation of Accountants

IFC – International Financial Corporation

IFRSs – International Financial Reporting Standards

IIF – Institute of International Finance

IIP – Index of Industrial Production ILOLR – International Lender of Last Resort IMDs – India Millennium Deposits IMF – International Monetary Fund

IMFC – International Monetary and Financial Committee

IOSCO – International Organisation of Securities Commissions

IRB – Internal Ratings Based IRDs – Interest Rate Derivatives ISR – Interest Service Ratio IT – Information Technology ITS – International Trade Statistics JF – Joint Forum JPY – Japanese Yen JVs – Joint Ventures LAN – Local Area Network LBS – Locational Banking Statistics

LERMS – Liberalised Exchange Rate Management System

LOLR – Lender of Last Resort

LPA – Long Period Average

– Broad Money

^M3

MDGs – Millennium Development Goals MFN – Most Favoured Nation MNCs – Multinational Companies MPls – Macro Prudential Indicators MTES – Medium Term Export Strategy NAB – New Agreement to Borrow NAFTA – North American Free Trade Area NAP – National Agriculture Policy

NCAER – National Council of Applied Economic Research

NDS – Negotiated Dealing System

NELM – New Economics of Labour Migration

NFA – Net Foreign Assets

NPAs – Non-Performing Assets

NR(E)RA – Non-Resident (External) Rupee Account

NRE – Non-Resident External NRO – Non-Resident Ordinary NSE – National Stock Exchange NSSF – National Small Savings Fund OCBs – Overseas Corporate Bodies OD – Overdrafts

OECD – Organisation for Economic Cooperation and Development

OGL – Open General Licence OMS – Open Market Sales OWS – Other Welfare Schemes

PCAOB – Public Company Accounting Oversight Board

PGP – Public Guaranteed Debt

PEM – Public Expenditure Management PINs – Public Information Notices PIOs – Persons of Indian Origin PPP – Purchasing Power Parity

PRSPs – Poverty Reduction Strategy Papers

QFCs – Quasi-Fiscal Costs QRs – Quantitative Restrictions RBI – Reserve Bank of India

RBICC – Reserve Bank Credit to the Centre RCA – Relative Comparative Advantage RFC – Resident Foreign Currency RIBs – Resurgent India Bonds

ROSCs – Reports on the Observance of Standards and Codes

RTAs – Regional Trade Agreements

RTP – Reserve Tranche Position

SAP – Structural Adjustment Programme

SARFAESI – Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest

SCBs – Scheduled Commercial Banks

SDDRF – Sovereign Debt Dispute Resolution Forum

SDDS – Special Data Dissemination Standard

SDRM – Sovereign Debt Restructuring Mechanism

SDRs – Special Drawing Rights

SEBI – Securities and Exchange Board of India

SERCs – State Electricity Regulatory Commissions

SEZs – Special Economic Zones

SHGs – Self-Help Groups

SITC – Standard International Trade Classification

SLR – Statutory Liquidity Ratio

SOX – Sarbanes-Oxley

SRF – Supplementary Reserve Facility SSIs – Small-Scale Industries StCBs – State Co-operative Banks STD – Short-Term Debt TD – Total Debt TFPG – Total Factor Productivity Growth TNCs – Transnational Corporations TPDS – Targeted Public Distribution System

TRIPS – Trade Related Intellectual Property Rights

UCBs – Urban Co-operative Banks UIP – Uncovered Interest Parity VAR – Vector Autoregression VAT – Value Added Tax WEO – World Economic Outlook WMA – Ways and Means Advances WOSs – Wholly Owned Subsidiaries WPI – Wholesale Price Index WSS – Weekly Statistical Supplement WTO – World Trade Organisation

This Report can also be accessed on Internet URL : www.rbi.org.in