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Abbreviations in Macro Economics 
AAY : Antodaya Anna Yojana 
ACD : Agriculture Credit Department 
AEZ : Agriculture Export Zones 
AFC : Agriculture Finance Corporation 
AMPC : Automatic Mail Processing Centers 
RPC : Rural Planning and Credit 
ARDC : Agricultural Refinance and Development 
Corporation 
NLBS : National Livestock Breeding Strategy 
SFPP : Special Food Grain Production Programme 
NPDP : National Pulses Development Programme 
CADP : Common Area Development Programme 
DCP : District Credit Plan 
DCC : District Consultative Committees 
IPM : Integrated Pest Management 
HYVP : High Yielding Variety Programme 
RRBs : Regional Rural Banks 
NABARD : National Bank for Agriculture and Rural 
Development 
FCI : Food Corporation of India 
PDS : Public Distribution System 
TPDS : Targeted Public Distribution System 
CACP : Commission for Agriculture Costs and 
Prices 
LDBs : Land Development Banks 
FSS : Farmers Service Societies 
CSO : Central Statistic Organisation 
MRTP : Monopolies Restrictive Trade Practices 
UNS : United Nations Survey 
BFC : Bengal Famine Commission 
ARCSC : All India Rural Credit Survey Committee 
CCBs : Central Co-operative Banks 
SCBs : State Co-operative Banks 
TME : Technical Monitoring and Evaluation 
RIDF : Rural Infrastructural Development Fund 
SAO : Seasonal Agricultural Operations 
IADP : Intensive Agro District Programme 
RWP : Rural Works Programme 
MFALS : Marginal Farmers and Agricultural 
Labourers Scheme 
FPS : Fair Price Shops 
WFP : World Food Programme 
BPL : Below Poverty Line 
CIP : Central Issue Price 
EAS : Employment Assurance Scheme 
JRY : Jawhar Rozgar Yojana 
SGRY : Sampoorna Gramin Rozgar Yojana 
MRD : Ministry of Rural Development 
DAPR : Draft Agricultural Policy Resolution 
IRDP : Integrated Rural Development Programme 
DIC : District Industries Centre 
MEC : Minimum Economic Capacities 
IIP : Index of Industrial Production 
ONGC : Oil and Natural Gas Corporation 
NTPC : National Thermal Power Corporation 
ICOR : Incremental Capital Output Ratio 
IRCI : Industrial Reconstruction Corporation of 
India 
IRBI : Industrial Reconstruction Bank of India 
IIBI : Industrial Investment Bank of India 
SIC : Sick Industrial Companies 
BIFR : Board for Industrial and Financial 
Reconstruction 
NCLT : National Company Law Tribunal 
SLIIC : State Level Inter Institutional Committee 
IDBI : Industrial development Bank of India 
ICICI : Institutional Credit and Investment 
Corporation of India 
SIDC : Small Industries Development Corporation 
SIDBI : Small Industries Development Bank of India 
SIDO : Small Industries Development Organisation 
NSIC : National Small Industries Corporation 
NEFS : National Equity Fund Scheme 
GDRs : Global Depository Receipts 
IOC : Indian Oil Corporation 
SCI : Shipping Corporation of India 
MOU : Memoranda of Understanding 
NIP : New Industrial Policy 
IPR : Industrial Policy Resolution 
IDRA : Industrial Development and Regulation Act 
BPE : Bureau of Public Enterprises 
SIDF : Small Industries Development Fund 
NSIC : National Small Industries Corporation 
NEF : National Equity Fund 
TDC : Technology Development Cell 
EDP : Entrepreneurial Development Programme 
NHDC : National Handloom Development 
Corporation 
PSUs : Public Sector Undertakings 
CSIR : Council of Scientific and Industrial Research 
NRI : Non-Resident of India 
BPO : Business Process out Sourcing 
NSSO : National Sample Survey Organisation 
NAS : National Account Statistics 
MODVAT : Modified Value Added Tax 
CENVAT : Central Value Added Tax (VAT) 
LTC : Leave Travel Concession 
ISM : Integrate Indian System of Medicine 
IMR : Infant Mortality Ratio 
MMR : Maternal Mortality Ratio 
NRY : Nehru Rozgar Yojana 
SESUP : Self Employment Scheme for Urban Poor 
PMRY : Prime Minister’s Rozgar Yojana 
PMIUPEP : Prime Minister’s Integrated Urban 
Poverty Eradication Programme 
SJSRY : Swarna Jayanti Shahri Rozgar Yojana 
SJGSY : Swarna Jayanti Gram Swarozgar Yojana 
JGSY : Jawahar Gram Samridhi Yojana 
CEA : Council of Economic Advisers 
TRYSEM : Training of Rural Youth for Self 
Employment
CRR : Cash Reserve Ratio 
CRTTC : Composite Rural Training and Technical 
Centers 
DWCRA : Development of women and Children in 
Rural Areas 
MWS : Million Wells Scheme 
USEP : Urban Self Employment Programme 
UWEP : Urban Wage Employment Programme 
JGSY : Jawahar Gram Samridhi Yojana 
PMGY : Pradhan Mantri Gramodaya Yojana 
PMGSY : Pradhan Mantri Gram Sadak Yojana 
JPRGY : Jai Prakash Rozgar Guarantee Yojana 
VAMBAY : Valmiki Ambadkar Awas Yojana 
CWS : Currently Weekly Status 
CDS : Currently Daily Status 
MTA : Mid Term Appraisal 
SME : Small and Medium Enterprises 
NFFWP : National Food For Work Programme 
DPAP : Drought Prone Area Programme 
DDP : Desert Development Programme 
GDRs : Global Depository Receipts 
IWDP : Integrated Waste lands Development 
Programme 
NHPC : National Hydro electric Power Corporation 
NPCIL : Nuclear Power Corporation of India 
Limited 
SEBs : State Electricity Boards 
CERC : Central Electricity Regulatory Commission 
OPEC : Organisation of Petroleum Exporting 
Countries 
POL : Petroleum Oil and Lubricants 
PLF : Plant Load Factor 
GRT : Gross Registered Tonnage 
VPT : Village Public Telephone 
PCOs : Public Call Offices 
BSNL : Bharat Sanchar Nigam Limited 
MTNL : Mahanagar Telephone Nigam Limited 
TRAI : Telecom Regulatory Authority of India 
NIXI : National Internet Exchange of India 
NPE : National Policy on Education 
SSA : Sarva Shiksha Abhiyan 
NPEGEL : National Programme for Education of 
Girls at Elementary Level 
EGS : Education Guarantee Scheme 
AIE : Alternative Innovative Education 
KGBV : Kasturba Gandhi Balika Vidyalaya 
PSK : Parambhik Shiksha Kosh 
NLM : National Literacy Mission 
TLC : Total Literacy Campaign 
FRBM : Fiscal Responsibility and Budget 
Management 
EPCG : Export Promotion of Capital Goods 
SLR : Statutory Liquid Ratio 
FDI : Foreign Direct Investment 
NPAs : Non-Performing Asset 
FRAs : Forward Rate Agreements 
EOUs : Export Oriented Units 
CCS : Cash Compensatory Scheme 
EPZs : Export Processing Zones 
FIEO : Federation of Indian Export Organisation 
FERA : Foreign Exchange Regulation Act 
FEMA : Foreign Exchange Management Act 
DFEC : Duty Free Export Credit 
TRC : Tax Reform Committee 
SEZ : Special Economic Zone 
EMRs : Exclusive Marketing Rights 
TRIPs : Trade Related Intellectual Property Rights 
FII : Foreign Institutional Investors 
IMF : International Monetary Fund 
IBRD : Industrial Bank for Reconstruction and 
Development 
IDA : International Development Association 
IFC : International Finance Corporation 
MIGA : Multilateral Investment Guarantee Agency 
ICSID : International Centre for Settlement of 
Investment Disputes 
MTAs : Multilateral Trade Agreements 
PTAs : Plurilateral Trade Agreements 
PRGF : Poverty Reduction and Growth Facility 
SBA : Stand By Agreement 
SRF : Supplemental Reserve Facility 
CFF : Compensatory Financing Facility 
DSB : Dispute Settlement Body 
FTWZ : Free Trade Ware Housing Zone 
EEFC : Export Earners Foreign Currency 
DES : Duty Exemption Scheme 
DEPB : Duty Entitlement Pass Book scheme 
SIL : Special Import License 
GST : Goods and Services Tax 
RCTC : Risk Capital and Technology Corporation 
RCF : Risk Capital Foundation 
TDICI : Technology Development and Information 
Company of India 
TFCI : Tourist Finance Corporation of India 
UTI : Unit Trust of India 
LIC : Life Insurance Corporation 
GIC : General Insurance Corporation 
CRISIL : Credit Rating Information Services of 
India Ltd 
IFCI : Industrial Finance Corporation of India 
AAP : Annual Action Plans 
GATT : General Agreement on Trade and Tariffs 
UNCTAD : United Nations Conference on Trade 
And Development 
GSTR : General Scheme for Trade Preference 
MCA : Minimum Compulsory Access 
MFA : Multi Fiber Agreement 
OGL : Open General License 
PLR : Prime Lending Rates 
MFIL : Modern Food Industries Limited 
T&D : Transmission and Distribution 
GER : Gross Enrolment Ratio

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Abbreviations in macro economics

  • 1. Abbreviations in Macro Economics AAY : Antodaya Anna Yojana ACD : Agriculture Credit Department AEZ : Agriculture Export Zones AFC : Agriculture Finance Corporation AMPC : Automatic Mail Processing Centers RPC : Rural Planning and Credit ARDC : Agricultural Refinance and Development Corporation NLBS : National Livestock Breeding Strategy SFPP : Special Food Grain Production Programme NPDP : National Pulses Development Programme CADP : Common Area Development Programme DCP : District Credit Plan DCC : District Consultative Committees IPM : Integrated Pest Management HYVP : High Yielding Variety Programme RRBs : Regional Rural Banks NABARD : National Bank for Agriculture and Rural Development FCI : Food Corporation of India PDS : Public Distribution System TPDS : Targeted Public Distribution System CACP : Commission for Agriculture Costs and Prices LDBs : Land Development Banks FSS : Farmers Service Societies CSO : Central Statistic Organisation MRTP : Monopolies Restrictive Trade Practices UNS : United Nations Survey BFC : Bengal Famine Commission ARCSC : All India Rural Credit Survey Committee CCBs : Central Co-operative Banks SCBs : State Co-operative Banks TME : Technical Monitoring and Evaluation RIDF : Rural Infrastructural Development Fund SAO : Seasonal Agricultural Operations IADP : Intensive Agro District Programme RWP : Rural Works Programme MFALS : Marginal Farmers and Agricultural Labourers Scheme FPS : Fair Price Shops WFP : World Food Programme BPL : Below Poverty Line CIP : Central Issue Price EAS : Employment Assurance Scheme JRY : Jawhar Rozgar Yojana SGRY : Sampoorna Gramin Rozgar Yojana MRD : Ministry of Rural Development DAPR : Draft Agricultural Policy Resolution IRDP : Integrated Rural Development Programme DIC : District Industries Centre MEC : Minimum Economic Capacities IIP : Index of Industrial Production ONGC : Oil and Natural Gas Corporation NTPC : National Thermal Power Corporation ICOR : Incremental Capital Output Ratio IRCI : Industrial Reconstruction Corporation of India IRBI : Industrial Reconstruction Bank of India IIBI : Industrial Investment Bank of India SIC : Sick Industrial Companies BIFR : Board for Industrial and Financial Reconstruction NCLT : National Company Law Tribunal SLIIC : State Level Inter Institutional Committee IDBI : Industrial development Bank of India ICICI : Institutional Credit and Investment Corporation of India SIDC : Small Industries Development Corporation SIDBI : Small Industries Development Bank of India SIDO : Small Industries Development Organisation NSIC : National Small Industries Corporation NEFS : National Equity Fund Scheme GDRs : Global Depository Receipts IOC : Indian Oil Corporation SCI : Shipping Corporation of India MOU : Memoranda of Understanding NIP : New Industrial Policy IPR : Industrial Policy Resolution IDRA : Industrial Development and Regulation Act BPE : Bureau of Public Enterprises SIDF : Small Industries Development Fund NSIC : National Small Industries Corporation NEF : National Equity Fund TDC : Technology Development Cell EDP : Entrepreneurial Development Programme NHDC : National Handloom Development Corporation PSUs : Public Sector Undertakings CSIR : Council of Scientific and Industrial Research NRI : Non-Resident of India BPO : Business Process out Sourcing NSSO : National Sample Survey Organisation NAS : National Account Statistics MODVAT : Modified Value Added Tax CENVAT : Central Value Added Tax (VAT) LTC : Leave Travel Concession ISM : Integrate Indian System of Medicine IMR : Infant Mortality Ratio MMR : Maternal Mortality Ratio NRY : Nehru Rozgar Yojana SESUP : Self Employment Scheme for Urban Poor PMRY : Prime Minister’s Rozgar Yojana PMIUPEP : Prime Minister’s Integrated Urban Poverty Eradication Programme SJSRY : Swarna Jayanti Shahri Rozgar Yojana SJGSY : Swarna Jayanti Gram Swarozgar Yojana JGSY : Jawahar Gram Samridhi Yojana CEA : Council of Economic Advisers TRYSEM : Training of Rural Youth for Self Employment
  • 2. CRR : Cash Reserve Ratio CRTTC : Composite Rural Training and Technical Centers DWCRA : Development of women and Children in Rural Areas MWS : Million Wells Scheme USEP : Urban Self Employment Programme UWEP : Urban Wage Employment Programme JGSY : Jawahar Gram Samridhi Yojana PMGY : Pradhan Mantri Gramodaya Yojana PMGSY : Pradhan Mantri Gram Sadak Yojana JPRGY : Jai Prakash Rozgar Guarantee Yojana VAMBAY : Valmiki Ambadkar Awas Yojana CWS : Currently Weekly Status CDS : Currently Daily Status MTA : Mid Term Appraisal SME : Small and Medium Enterprises NFFWP : National Food For Work Programme DPAP : Drought Prone Area Programme DDP : Desert Development Programme GDRs : Global Depository Receipts IWDP : Integrated Waste lands Development Programme NHPC : National Hydro electric Power Corporation NPCIL : Nuclear Power Corporation of India Limited SEBs : State Electricity Boards CERC : Central Electricity Regulatory Commission OPEC : Organisation of Petroleum Exporting Countries POL : Petroleum Oil and Lubricants PLF : Plant Load Factor GRT : Gross Registered Tonnage VPT : Village Public Telephone PCOs : Public Call Offices BSNL : Bharat Sanchar Nigam Limited MTNL : Mahanagar Telephone Nigam Limited TRAI : Telecom Regulatory Authority of India NIXI : National Internet Exchange of India NPE : National Policy on Education SSA : Sarva Shiksha Abhiyan NPEGEL : National Programme for Education of Girls at Elementary Level EGS : Education Guarantee Scheme AIE : Alternative Innovative Education KGBV : Kasturba Gandhi Balika Vidyalaya PSK : Parambhik Shiksha Kosh NLM : National Literacy Mission TLC : Total Literacy Campaign FRBM : Fiscal Responsibility and Budget Management EPCG : Export Promotion of Capital Goods SLR : Statutory Liquid Ratio FDI : Foreign Direct Investment NPAs : Non-Performing Asset FRAs : Forward Rate Agreements EOUs : Export Oriented Units CCS : Cash Compensatory Scheme EPZs : Export Processing Zones FIEO : Federation of Indian Export Organisation FERA : Foreign Exchange Regulation Act FEMA : Foreign Exchange Management Act DFEC : Duty Free Export Credit TRC : Tax Reform Committee SEZ : Special Economic Zone EMRs : Exclusive Marketing Rights TRIPs : Trade Related Intellectual Property Rights FII : Foreign Institutional Investors IMF : International Monetary Fund IBRD : Industrial Bank for Reconstruction and Development IDA : International Development Association IFC : International Finance Corporation MIGA : Multilateral Investment Guarantee Agency ICSID : International Centre for Settlement of Investment Disputes MTAs : Multilateral Trade Agreements PTAs : Plurilateral Trade Agreements PRGF : Poverty Reduction and Growth Facility SBA : Stand By Agreement SRF : Supplemental Reserve Facility CFF : Compensatory Financing Facility DSB : Dispute Settlement Body FTWZ : Free Trade Ware Housing Zone EEFC : Export Earners Foreign Currency DES : Duty Exemption Scheme DEPB : Duty Entitlement Pass Book scheme SIL : Special Import License GST : Goods and Services Tax RCTC : Risk Capital and Technology Corporation RCF : Risk Capital Foundation TDICI : Technology Development and Information Company of India TFCI : Tourist Finance Corporation of India UTI : Unit Trust of India LIC : Life Insurance Corporation GIC : General Insurance Corporation CRISIL : Credit Rating Information Services of India Ltd IFCI : Industrial Finance Corporation of India AAP : Annual Action Plans GATT : General Agreement on Trade and Tariffs UNCTAD : United Nations Conference on Trade And Development GSTR : General Scheme for Trade Preference MCA : Minimum Compulsory Access MFA : Multi Fiber Agreement OGL : Open General License PLR : Prime Lending Rates MFIL : Modern Food Industries Limited T&D : Transmission and Distribution GER : Gross Enrolment Ratio