● EEFC :- EEFC stands for Exchange Earner’s Foreign Currency. This account is for those who are foreign exchange earner. No matter who they are may be they will be individual companies etc. Basically, this is an account for maintaining the foreign currency and those people whose residence is in India can also open this Account.
● ECGC :- ECGC stands for Export Credit and Guarantee Corporation. It ensures the credit risk of the exporters and also gives guarantee of the payment. It covers the commercial risk in business as well as political risk. It was started to promote the export trade.
● ECS :- ECS stands for Electronic Clearing Scheme. It is basically an electronic fund transferring method. Under this scheme, one person can transfer his funds to another account for payment.
● EEA :- EEA stands for Exchange Equalization Account. It was established in 1932. It is used to manage exchange value in the international market.
● EPF :- EPF stands for Employees Provident Fund. This scheme was formed in 1952. Under this scheme, government starts giving fund to factory employees and many other workers. Under this scheme, employees receive many other services for free by the government.
● EEFC :- EEFC stands for Exchange Earner’s Foreign Currency. This is used by the authorised dealers to maintain the foreign currency in an account.
● ECBs :- ECBs stands for External Commercial Borrowings. This is a commercial borrowing which is used to facilitate the access to foreign money by PSUs.
● FIPB :- FIPB stands for Foreign Investment Promotion Board. It was recommended by FDI (foreign direct investment).
● FDI :- FDI stands for Foreign Direct Investment. It means the direct investment in equity shares, debentures. It is a route of foreign investment to strengthen the base of economy.
● FSLRC :- FSLRC stands for Financial Sector Legislative Reforms Commission. It was established by government of India in 2011. If the legislative affects the financial market then it can rewrite the legislative for maintaining the financial market.
● FEMA :- FEMA stands for Foreign Exchange Management Act. It was established in 1999. The main objective of this act is to promote, develop and maintain the foreign exchange market in India.
● FII :- FII stands for Foreign Institutional Investors. If we talk about institutional investors than these investors are those who pool money to originate loans and buy assets. Basically, these institutional investors are Banks, Insurance Companies, Mutual Funds and so on.
● FRBMA :- FRBMA stands for Fiscal Responsibility and Budget Management Act. This Act is established by Parliament of India. Under this act, one can easily manage and handle the overall management of public funds and also manage and control the Budget.
● FTA :- FTA stands for Free trade Agreement. This agreement is signed by two countries to reduce the traffic in trading. This agreement helps to do free trade with sharing common borders. Members countries can ask for tariff in trade from non-member countries.
● FINO :- FINO stands for Financial Inclusion Network Operation. It is formed by ICICI bank in 2006. It works with 24 banks and various financial institutes like LIC, ICICI Prudential and so on.
● FCNR :- FCNR stands for Foreign Currency Non – Resident Bank. As it is clear from the name that in this one can deposit his money (foreign currency). No matter whether he is a resident or not – resident of the country. This bank is beneficial for NRIs.
● EFSF :- EFSF stands for European Financial Stability Facility. It was established in 2010. This organisation was created by the European Union.
● FICCI :- FICCI stands for Federation of India Chambers of Commerce & Industry. It was established in 1927. It is the oldest business organisation in India Since 1927. It is a non-profit organisation. Pankaj Patel is the current President of FICCI.
● FII : - FII stands for Foreign Institutional Investors. If we talk about institutional investors than this investor are those who pool money to originate loans and buy assets. Basically, these institutional investors are Banks, Insurance Companies, Mutual Funds and so on.
● FPI : - FPI stands for Foreign Portfolio Investment. In this type of investment, foreigners deposit their money into the bank and issue or purchase company’s stock and bond.
● FSLRC : - FSLRC stands for Financial Sector Legislative Reforms Commission. It was established by the government of India in 2011. If the legislative affects the financial market then it can rewrite the legislature for maintaining the financial market.
● GDP : - GDP stands for Gross Domestic Product. It is final value of goods & services produced in a specified period. Its growth shows the economic performance of the country.GDP = GDP (Factor Cost) + Indirect Tax – Subsidiaries
● GDR : - GDR stands for Global Depository Receipt. It is an instrument which is issued in EURO market. It is issued to raise the funds in foreign currency by an Indian company.
● GFD :- GFD stands for Gross Fiscal Deficit. Fiscal Deficit is to differentiate between total expense from revenue receipt and non-debt capital receipt.Fiscal Deficit = Total Expenditure – (Revenue receipt + Non-Debt Capital Receipt)
● GIC :- GIC stands for General Insurance Corporation. It was formed in 1972. It was formed to control and manage the insurance sector in India.
● GAAR :- GAAR stands for General Anti-Avoidance Rule. This rule is meant for anti-tax avoidance in 2012. This rule was formed by our Previous Finance Minister “Pranab Mukherjee”.
● GPD : - GPD stands for Gross Primary Deficit. It is also known as the gross fiscal deficit. We can find out the primary deficit by using formula.NPD = NFD – Interest Payment
● GIRO :- GIRO stands for Government Internal Revenue Order. It is a panel which comes under RBI. Chairman of GIRO is Umesh Bellur. It was started by RBI to centralised the bill payment system.
● HDFC :- HDFC stands for Housing Development Finance Corporation. It was established in 1977. Its motto is “With you right through”. It provides loans for housing in India.
● HFT :- HFT stands for Held For Trading. It is an asset which is purchased with the mean to take short-term gain from it. So it is also known as Short-term marketable security.
● IBS :- IBS stands for International Banking Statistics. This service has two purposes. First is to provide guidelines for the reporting data to the reporting countries and second is to give the detail of current country practices of reported data.
● ICAR :- ICAR stands for Indian Council Agricultural Research. It was established in 1929 and its motto is agrisearch with a human touch. ICAR is helpful for agricultural study because it is the head of an agricultural department in India.
● ICICI :- ICICI stands for Industrial Credit and Investment Corporation of India. It was established in 1994. If we observe this bank from assets’ view then it is a 2nd largest bank in India and by Market Capitalisation view, it is 3rd largest in India. This bank has a very large network throughout the world.
● ICMR :- ICMR stands for Indian Council of Medical Research. This research is one of the oldest basis of other medical research in India. It was established by the Indian government in India for the welfare of India and to expand the research centre.
● IDBI : - IDBI stands for Industrial Development Bank of India. It is basically a subsidiary of (RBI) Reserve Bank. So it is managed and controlled by RBI.
● IFC :- IFC stands for International Finance Corporation. It was established in 1956. This finance corporation helps the private sectors and many other developing countries in the form of money. There are 184 countries that are joined with IFC.
● ITEs :- ITEs stands for Intra-Group Transaction and Exposures. These exposures have their complete access to insolvency and liquidity.
● IFCI : - IFCI stands for Industrial Financial Corporation of India. This is a financial institute set up by the government in 1948. Its main objective is to provide long and medium term loans to their customers.
● IIP : - IIP stands for Index of Industrial Production. This index shows the growth of Industrial unit and also shows the economy condition. IIP is controlled by CSO (Central Statistical Organisation). CSO publishes the IIP on monthly basis.
● IMF : - IMF stands for International Monetary Fund. It was established in 1945. It is an International Financial Institution. Its main purpose to maintain the foreign currency in the market.
● IRBI : - IRBI stands for Industrial Reconstruction Bank of India. It was established in 1985. It provides the credit facilities to the small & medium sectors. IRBI has the power to take steps to remove the industrial sickness.
● ISDA :- ISDA stands for International Swaps & Derivatives Association. It was established in 1985. It is a trade association. It notices the derivative transactions. So for notifying the derivative transaction they make ISDA master agreement. ISDA also reduce the credit risk with the transparency in trade.
● ISIC :- ISIC stands for International Standards Industrial Classification. It does classification of all economic activities for productive activities. So it provides the collection of statistics on these activities.
● ISO :- ISO stands for International Standards Organization. It was established in 1947. It is a non-government organisation with 162 members. It represents the national standards organisation.
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