Abbreviations in Macro Economics

FOR CPT STUDENTS Abbreviations in Macro Economics

A AEZ : Agriculture Export Zones AAP : Annual Action Plans AAY : Antodaya Anna Yojana ARCSC : All India Rural Credit Survey Committee ACD : Agriculture Credit Department ARDC : Agricultural Refinance and Development Corporation AFC : Agriculture Finance Corporation AMPC : Automatic Mail Processing Centers AIE : Alternative Innovative Education

B BFC : Bengal Famine Commission BPL : Below Poverty Line BPE : Bureau of Public Enterprises BPO : Business Process out Sourcing BSNL : Bharat Sanchar Nigam Limited BIFR : Board for Industrial and Financial Reconstruction

C CRTTC : Composite Rural Training and Technical Centers CACP : Commission for Agriculture Costs and Prices CSO : Central Statistic Organisation CCBs : Central Co-operative Banks CADP : Common Area Development Programme CIP : Central Issue Price CSIR : Council of Scientific and Industrial Research CEA : Council of Economic Advisers CWS : Currently Weekly Status CDS : Currently Daily Status CERC : Central Electricity Regulatory Commission CRR : Cash Reserve Ratio CCS : Cash Compensatory Scheme CENVAT : Central Value Added Tax CFF : Compensatory Financing Facility CRISIL : Credit Rating Information Services of India Ltd

D DCP : District Credit Plan DCC : District Consultative Committees DAPR : Draft Agricultural Policy Resolution DIC : District Industries Centre DWCRA : Development of women and Children in Rural Areas DPAP : Drought Prone Area Programme DDP : Desert Development Programme DFEC : Duty Free Export Credit DSB : Dispute Settlement Body DES : Duty Exemption Scheme DEPB : Duty Entitlement Pass Book schemeSLIIC : State Level Inter Institutional Committee

E EPZs : Export Processing Zones EAS : Employment Assurance Scheme EDP : Entrepreneurial Development Development Programme EGS : Education Guarantee Scheme EPCG : Export Promotion of Capital Goods EOUs : Export Oriented Units EMRs : Exclusive Marketing Rights

EEFC : Export Earners Foreign Currency

F FIEO : Federation of Indian Export Organisation FERA : Foreign Exchange Regulation Act FSS : Farmers Service Societies FDI : Foreign Direct Investment FRAs : Forward Rate Agreements FEMA : Foreign Exchange Management Act FCI : Food Corporation of India FPS : Fair Price Shops FTWZ : Free Trade Ware Housing Zone FRBM : Fiscal Responsibility Responsibility and Budget Management FII : Foreign Institutional Investors

G GIC : General Insurance Corporation GATT : General Agreement on Trade and Tariffs GST : Goods and Services Tax GRT : Gross Registered Tonnage

GSTR : General Scheme for Trade Preference GER : Gross Enrolment Ratio GDRs : Global Depository Receipts

H HYVP : High Yielding Variety Programme

I IFCI : Industrial Finance Corporation of India IPR : Industrial Policy Resolution IPM : Integrated Pest Management IADP : Intensive Agro District Programme IRDP : Integrated Rural Development Programme IIP : Index of Industrial Production ICOR : Incremental Capital Output Ratio IRCI : Industrial Reconstruction Corporation of India IMF : International Monetary Fund IBRD : Industrial Bank for Reconstruction and Development IDA : International Development Association IFC : International Finance Corporation IRBI : Industrial Reconstruction Bank of India IIBI : Industrial Investment Bank of India IDBI : Industrial development Bank of India

ICICI : Institutional Credit and Investment Corporation of India IOC : Indian Oil Corporation IDRA : Industrial Development and Regulation Act ISM : Integrate Indian System of Medicine IMR : Infant Mortality Ratio IWDP : Integrated Waste lands Development Programme IIT : Indian Institute of Technology IIM : Indian Institute of Management ICSID : International Centre for Settlement of Investment Disputes

 J  JRY : Jawhar Rozgar Yojana  JGSY : Jawahar Gram Samridhi Yojana  JPRGY : Jai Prakash Rozgar Guarantee Yojana

K  KGBV : Kasturba Gandhi Balika Vidyalaya

L

LIC : Life Insurance Corporation LDBs : Land Development Banks LTC : Leave Travel Concession

M MRD : Ministry of Rural Development MEC : Minimum Economic Capacities MODVAT : Modified Value Added Tax MFALS : Marginal Farmers and Agricultural Labourers Scheme MRTP : Monopolies Restrictive Trade Practices MOU : Memoranda of Understanding MTA : Mid Term Appraisal MTNL : Mahanagar Telephone Nigam Limited MIGA : Multilateral Investment Guarantee Agency MTAs : Multilateral Trade Agreements MMR : Maternal Mortality Ratio MCA : Minimum Compulsory Access MFA : Multi Fiber AgreementNPAs : Non-Performing Asset MWS : Million Wells Scheme

N

NPEGEL : National Programme for Education of Girls at Elementary Level NFFWP : National Food For Work Programme NIXI : National Internet Exchange of India NRI : Non-Resident of India NSSO : National Sample Survey Organisation NABARD : National Bank for Agriculture and Rural Development

NLBS : National Livestock Breeding Strategy NRY : Nehru Rozgar Yojana NPDP : National Pulses Development Programme NIP : New Industrial Policy NTPC : National Thermal Power Corporation NCLT : National Company Law Tribunal NSIC : National Small Industries Corporation NEFS : National Equity Fund Scheme NSIC : National Small Industries Corporation NEF : National Equity Fund NHDC : National Handloom Development Corporation NAS : National Account Statistics NHPC : National Hydro electric Power Corporation NPCIL : Nuclear Power Corporation of India Limited NPE : National Policy on Education NLM : National Literacy Mission

O

ONGC : Oil and Natural Gas Corporation OPEC : Organisation of Petroleum Exporting Countries OGL : Open General LicenseSIDC : Small Industries Development Corporation

P PLR : Prime Lending Rates POL : Petroleum Oil and Lubricants PMRY : Prime Minister’s Rozgar Yojana PTAs : Plurilateral Trade Agreements PRGF : Poverty Reduction and Growth Facility PCOs : Public Call Offices PMIUPEP : Prime Minister’s Integrated Urban Poverty Eradication Programme PMGY : Pradhan Mantri Gramodaya Yojana PMGSY : Pradhan Mantri Gram Sadak Yojana PSUs : Public Sector Undertakings PLF : Plant Load Factor PSK : Parambhik Shiksha Kosh PDS : Public Distribution System

R

R&D : Research and Development Development RIDF : Rural Infrastructural Development Fund RRBs : Regional Rural Banks RWP : Rural Works Programme RCTC : Risk Capital and Technology Corporation RCF : Risk Capital Foundation RPC : Rural Planning and Credit

S

SGRY : Sampoorna Gramin Rozgar Yojana SIDBI : Small Industries Development Bank of India SIDO : Small Industries Development Organisation SCI : Shipping Corporation of India SIDF : Small Industries Development Fund SESUP : Self Employment Scheme for Urban Poor SCBs : State Co-operative Banks SFPP : Special Food Grain Production Programme SIC : Sick Industrial Companies SEBs : State Electricity Boards SAO : Seasonal Agricultural Operations SJSRY : Swarna Jayanti Shahri Rozgar Yojana SJGSY : Swarna Jayanti Gram Swarozgar Yojana SME : Small and Medium Enterprises SSA : Sarva Shiksha Abhiyan

SEZ : Special Economic Zone SBA : Stand By Agreement SLR : Statutory Liquid Ratio SRF : Supplemental Reserve Facility SIL : Special Import License

T

 TME : Technical Monitoring and Evaluation  TPDS : Targeted Public Distribution System  TDC : Technology Development Cell  TRAI : Telecom Regulatory Authority of India  TLC : Total Literacy Campaign TRC : Tax Reform Committee  TRYSEM : Training of Rural Youth for Self Employment   TRIPs : Trade

Related Intellectual Property Rights

 TDICI : Technology Development and Information Company of  India  TFCI : Tourist Finance Corporation of India  TM : Trade Mark  T&D : Transmission and Distribution

U

UNCTAD : United Nations Conference on Trade And Development USEP : Urban Self Employment Programme UNS : United Nations Survey UWEP : Urban Wage Employment Programme UTI : Unit Trust of India

V

VPT : Village Public Telephone VAT : Value Added Tax VAMBAY : Valmiki Ambadkar Awas Yojana

W WFP : World Food Programme