Most Important Abbreviation From Union Budget 2017-18

Dear Readers,

As you all know that Budget was presented today by our Finance Minister, Arun Jaitley. It is very important for competitive examination and we have filtered all the Important Abbreviations from the document.

So here we present the most important ones for you all.

1. IMF- International Monetary Fund 

2. FDI- Foreign Direct Investment 

3. CPI- Consumer Price Index 

4. GDP- Gross Domestic Product 

5. FCNR- Foreign Currency (Non-Resident) Account

6. GST- Goods and Service Tax

7. TEC India- Transform, Energise and Clean India

8. PACS- Primary Agriculture Credit Societies  

9. KVKs- Krishi Vigyan Kendras

10. NAM- National Agricultural Market 

11. APMC- Agricultural Produce Marketing Committee 

12. MGNREGA- Mahatma Gandhi National Rural Employment Gurantee Act

13. PMGSY- Pradhan Mantri Gram Sadak Yojana 

14. PMEGP- Prime Minister’s Employment Generation Programme

15. NRDWP- National Rural Drinking Water Programme

16. PMKK- Pradhan Mantri Kaushal Kendras 

17. SANKALP- Skill Acquisition and Knowledge Awareness for Livelihood Promotion programme 

18. STRIVE- Skill Strengthening for Industrial Value Enhancement 

19. NTA- National Testing Agency

20. ICDS- Integrated Child Development Services

21. IRCTC- Indian Railway Catering and Tourism Corporation

22. TIES- Trade Infrastructure for Export Scheme 

23. FIPB- Foreign Investment Promotion Board

24. CERT-Fin- Computer Emergency Response Team for our Financial Sector

25. IRFC- Indian Railway Finance Corporation Limited 

26. FFO- Further Fund Offering 

27. PMMY- Pradhan Mantri Mudra Yojana 

28. BHIM- Bharat Interface for Money

29. UPI- Unified Payment Interface

30. USSD- Unstructured Supplementary Service Data

31. IMPS- Immediate Payment Service 

32. SIDBI- Small Industries Development Bank of India

33. DBT- Direct Benefit Transfer  

34. FRBM- Fiscal Responsibility and Budget Management Act

35. MAT- Minimum Alternate Tax  

36. MSE- Medium and Small Enterprises 

37. NPA- Non-Performing Asset

38. MSME- Micro, Small and Medium Enterprises 

39. SIT- Special Investigation Team 

40. FPI- Foreign Portfolio Investor

41. TDS- Tax Deducted at Source

42. QIBs- Qualified Institutional Buyers

43. SEBI- Securities and Exchange Board of India

44. RBI- Reserve Bank of India

45. CBDT- Central Board of Direct Taxation

46. IPO- Initial Public Offering 

47. HUF- Hindu Undivided Family 

48. OECD- Organisation for Economic Co-operation and Development 

49. EBITDA- Earnings Before Interest, Taxes, Depreciation and Amortisation

50. TCS- Tax Collection at Source  

51. FTC- Foreign Tax Credit 

52. MPEDA- Marine Products Export Development Authority

53. APDEA- Anchorage Police Department Employees Association 

54. AAR- Authority for Advance Ruling

55. FMV- Full Motion Video

56. FEMA- Foreign Exchange Management Act 

57. LED- Light-Emitting Diode 

58. RCS- Regional Connectivity Scheme 

59. PCBs- Printed Circuit Boards 

60. VPEG- Vinyl Polyethylene Glycol 

61. MTA- Medium Quality Terephthalic Acid

62. QTA- Qualified Terephthalic Acid

63. NSSF- National Small Savings Fund  

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