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