List of important economic Abbreviations

List of important economic Abbreviations

  • ASSOCHAM The Associated Chambers of Commerce and Industry of India 
  • ASTO Association of Sea Training Organizations 
  • DAP Diammonium Phosphate (Urea) 
  • CENVAT Central Value Added Tax 
  • GDR Global Depositary Receipt 
  • MRPL Mangalore Refineries & Petrochemicals Limited 
  • APM Administered Price Mechanism 
  • AICPI(IW) All India Consumer Price Index (Industrial Workers) 
  • ACR Annual Confidential Report 
  • BEL Bharat Electronics Limited 
  • BHEL Bharat Heavy Electricals Limited 
  • BSNL Bharat Sanchar Nigam Limited 
  • BIFR Board for Industrial and Financial Restructuring 
  • BRPSE Board for Reconstruction of Public Sector Enterprises 
  • BPE Bureau of Public Enterprises 
  • BPO Business Process Outsourcing 
  • CPS Cash Based Profit Sharing 
  • CBDT Central Board for Direct Taxes 
  • CDA Central Dearness Allowance 
  • CPC Central Pay Commission 
  • CPSE Central Public Sector Enterprises 
  • CMD Chairman-cum-Managing Director 
  • CEO Chief Executive Officer 
  • CFO Chief Finance Officer 
  • COO Chief Operating Officer 
  • CCA City Compensatory Allowance 
  • CAG Comptroller & Auditor General of India 
  • CRS Compulsory Retirement Scheme 
  • CII Confederation of Indian Industries 
  • CTC Cost to the Company 
  • DA Dearness Allowance 
  • DPS Deferred Profit Sharing 
  • DPE Department of Public Enterprises 
  • ESPP Employee Stock Purchase Plan 
  • EPS Employees Pension Scheme 
  • ESOP Employees Stock Option Plan
  • ERP Enterprises Resource Planning 
  • FMCG Fast Moving Consumer Goods 
  • FICCI Federation of Indian Chamber of Commerce and Industry 
  • FRBM Fiscal Responsibility and Budget Management 
  • FDI Foreign Direct Investment 
  • FEMA Foreign Exchange Management Act 
  • FERA Foreign Exchange Regulation Act 
  • GAIL Gas Authority of India Ltd 
  • GDP Gross Domestic Product 
  • HoD Head of Department 
  • HPPC High Power Pay Committee 
  • HAL Hindustan Aeronautics Limited 
  • HMT Hindustan Machine Tools 
  • HRA House Rent Allowance 
  • HRD Human Resource Development 
  • IIM Indian Institute of Management 
  • IIT Indian Institute of Technology 
  • IOC Indian Oil Corporation 
  • ISM Indian School of Mines 
  • ITI Indian Telephones Industries 
  • IDA Industrial Dearness Allowance 
  • IT Information Technology 
  • ITES Information Technology Enabled Services 
  • IPE Institute of Public Enterprises 
  • IS Industry Segment 
  • ISO International Standards Organization 
  • LTC Leave Travel Concession 
  • LIC Life Insurance Corporation of India 
  • LPG Liquefied Petroleum Gas 
  • MTNL Mahanagar Telephone Nigam Ltd 
  • MOU Memorandum of Understanding 
  • M&A Mergers & Acquisitions 
  • MSTC Metals & Scrap Trading Corporation 
  • MMTC Minerals & Metal Trading Corporation 
  • MRTP Monopolies & Restrictive Trade Practices 
  • MNC Multi National Company 
  • NALCO National Aluminium Company 
  • NCMP National Common Minimum Programme 
  • NFC National Fire College 
  • NIETE National Institute of Industrial Engineering. 
  • NLC National Labour Commission 
  • NRF National Renewal Fund 
  • NSS National Sample Survey
  • NTPC National Thermal Power Corporation 
  • NEP New Economic Policy 
  • NPA Non Practicing Allowance 
  • NRI Non Resident Indians 
  • NUS Non Unionised Supervisors 
  • OM Office Memorandum 
  • ONGC Oil & Natural Gas Corporation 
  • PRC Pay Revision Committee 
  • PMS Performance Management System 
  • PRP Performance Related Payment 
  • PF Provident Fund 
  • PDS Public Distribution System 
  • PESB Public Enterprises Selection Board 
  • PSE Public Sector Enterprise 
  • PSU Public Sector Undertaking 
  • REC (NIT) Regional Engineering College 
  • R&D Research and Development 
  • SEBI Securities Exchange Board of India 
  • SS Service Sector 
  • SICA Sick Industrial Companies Act 
  • SEZ Special Economic Zone 
  • SCOPE Standing Conference of Public Enterprises 
  • SAIL Steel Authority of India Ltd 
  • SAR Stock Appreciation Right 
  • VAT Value Added Tax 
  • VP Variable Pay 
  • VER Very Early Retirement 
  • VSNL Videsh Sanchar Nigam Ltd 
  • VRS Voluntary Retirement Scheme 
  • WTO World Trade Organisation