Most Important Abbreviations from Union Budget 2019-20

Government of India has recently presented the Union Budget for the year 2019-20 on 1^st 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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