Most Important Abbreviations from Union Budget 2019-20

Most Important Abbreviations from Union Budget 2019-20

Most Important Abbreviations from Union Budget 2019-20

Most Important Abbreviations from Union Budget 2019-20

Government of India has recently presented the Union Budget for the year 2019-20 on 1st Feb. keeping that in view, here in this blog we are sharing all the important abbreviations that you will find in the budget and will help you in understanding the budget to some extent.

  • CPI- Consumer Price Index
  • GDP- Gross Domestic Product
  • FCNR- Foreign Currency (Non-Resident) Account
  • GST- Goods and Service Tax
  • TEC India- Transform, Energise and Clean India
  • PACS- Primary Agriculture Credit Societies
  • KVKs- Krishi Vigyan Kendras
  • NAM- National Agricultural Market
  • APMC- Agricultural Produce Marketing Committee
  • MGNREGA- Mahatma Gandhi National Rural Employment Guarantee Act
  • PMGSY- Pradhan Mantri Gram Sadak Yojana
  • PMEGP- Prime Minister’s Employment Generation Programme
  • NRDWP- National Rural Drinking Water Programme
  • PMKK- Pradhan Mantri Kaushal Kendras
  • SANKALP- Skill Acquisition and Knowledge Awareness for Livelihood Promotion programme
  • STRIVE- Skill Strengthening for Industrial Value Enhancement
  • NTA- National Testing Agency
  • IRCTC- Indian Railway Catering and Tourism Corporation
  • TIES- Trade Infrastructure for Export Scheme
  • FIPB- Foreign Investment Promotion Board
  • CERT-Fin- Computer Emergency Response Team for our Financial Sector
  • IRFC- Indian Railway Finance Corporation Limited
  • FFO- Further Fund Offering
  • PMMY- Pradhan Mantri Mudra Yojana
  • BHIM- Bharat Interface for Money
  • UPI- Unified Payment Interface
  • USSD- Unstructured Supplementary Service Data
  • IMPS- Immediate Payment Service
  • SIDBI- Small Industries Development Bank of India
  • DBT- Direct Benefit Transfer
  • FRBM- Fiscal Responsibility and Budget Management Act
  • MAT- Minimum Alternate Tax
  • MSE- Medium and Small Enterprises
  • NPA- Non-Performing Asset
  • MSME- Micro, Small and Medium Enterprises
  • SIT- Special Investigation Team
  • FPI- Foreign Portfolio Investor
  • TDS- Tax Deducted at Source
  • QIBs- Qualified Institutional Buyers
  • SEBI- Securities and Exchange Board of India
  • RBI- Reserve Bank of India
  • CBDT- Central Board of Direct Taxation
  • IPO- Initial Public Offering
  • HUF- Hindu Undivided Family
  • OECD- Organisation for Economic Co-operation and Development
  • EBITDA- Earnings before Interest, Taxes, Depreciation and Amortisation
  • TCS- Tax Collection at Source
  • FTC- Foreign Tax Credit
  • AAR- Authority for Advance Ruling
  • FEMA- Foreign Exchange Management Act
  • RCS- Regional Connectivity Scheme
  • PCBs- Printed Circuit Boards
  • NSSF- National Small Savings Fund

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Tag: Most Important Abbreviations from Union Budget 2019-20, Union Budget 2019-20, Budget


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