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CACP Full Form

CACP -  Commission for Agricultural Costs and Prices The Commission for Agricultural Costs & Prices (CACP) is an attached office of the Ministry of Agriculture and Farmers Welfare, Government of India. It came into existence in January 1965. Currently, the Commission comprises a Chairman, Member Secretary, one Member (Official) and two Members (Non-Official). The non-official members are representatives of the farming community and usually have an active association with the farming community.

What is the full form of EDI


EDI - Electronic Data Interchange

Electronic data interchange (EDI) is the concept of businesses electronically communicating information that was traditionally communicated on paper, such as purchase orders and invoices. Technical standards for EDI exist to facilitate parties transacting such instruments without having to make special arrangements.

EDI has existed at least since the early 70s, and there are many EDI standards (including X12, EDIFACT, ODETTE, etc.), some of which address the needs of specific industries or regions. It also refers specifically to a family of standards. In 1996, the National Institute of Standards and Technology defined electronic data interchange as "the computer-to-computer interchange of strictly formatted messages that represent documents other than monetary instruments. EDI implies a sequence of messages between two parties, either of whom may serve as originator or recipient. The formatted data representing the documents may be transmitted from originator to recipient via telecommunications or physically transported on electronic storage media." It distinguished mere electronic communication or data exchange, specifying that "in EDI, the usual processing of received messages is by computer only. Human intervention in the processing of a received message is typically intended only for error conditions, for quality review, and for special situations. For example, the transmission of binary or textual data is not EDI as defined here unless the data are treated as one or more data elements of an EDI message and are not normally intended for human interpretation as part of online data processing." In short, EDI can be defined as the transfer of structured data, by agreed message standards, from one computer system to another without human intervention.

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PNB Full Form

PNB - Panjab National Bank Punjab National Bank (PNB) is a Banking and Financial service bank owned by the Government of India with its headquarters is in New Delhi, India. The bank was founded in 1894 and is the second-largest public sector bank (PSB) in India, both in terms of business and its network. The bank has over 180 million customers, 10,910 branches, and 13,000+ ATMs post-merger with United Bank of India and Oriental Bank of Commerce, effective from 1 April 2020.

FICCI Full Form

FICCI - Federation of Indian Chambers of Commerce and Industry The Federation of Indian Chambers of Commerce & Industry ( FICCI ) is an association of business organisations in India. Established in 1927, on the advice of Mahatma Gandhi by GD Birla and Purshottamdas Thakurdas, it is the largest, oldest, and the apex business organisation in India.

What is the full form of EPFO

EPFO - Employee Provident Fund Organization The Employees' Provident Fund Organisation is an organization tasked to assist the Central Board of Trustees, Employees' Provident Fund a statutory body formed by the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 and is under the administrative control of the Ministry of Labour and Employment, Government of India. EPFO assists the Central Board in administering a compulsory contributory Provident Fund Scheme, a Pension Scheme and an Insurance Scheme for the workforce engaged in the organized sector in India. It is also the nodal agency for implementing Bilateral Social Security Agreements with other countries on a reciprocal basis. The schemes cover Indian workers as well as International workers (for countries with which bilateral agreements have been signed. As of now 19 Social Security Agreements are operational). The EPFO's apex decision making body is the Centrald of Trustees (CBT).

NDP Full Form

NDP - Net Domestic Product The net domestic product (NDP) equals the gross domestic product (GDP) minus depreciation on a country's capital goods. {\displaystyle GDP-D=NDP} Net domestic product accounts for capital that has been consumed over the year in the form of housing, vehicle, or machinery deterioration. The depreciation accounted for is often referred to as "capital consumption allowance" and represents the amount of capital that would be needed to replace those depreciated assets. The portion of investment spending that is used to replace worn out and obsolete equipment — depreciation — while essential for maintaining the level of output, does not increase the economy’s capacities in any way. If GDP were to grow simply as a result of the fact that more money was being spent to maintain the capital stock because of increased depreciation, it would not mean that anyone had been made better off. Because of this, some economists view NDP as a better measure of socia...

NEFT Full Form

NEFT - National Electronic Fund Transfer National Electronic Funds Transfer (NEFT) is an Indian system of electronic transfer of money from one bank to another. It was introduced by Reserve Bank of India. It is an electronic fund transfer system that is based on Deferred Net Settlement (DNS) which settles transaction in batches.

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What is the full form of ERNET

ERNET - Education and Research Network Education and Research Network (ERNET) is autonomous scientific society of Ministry of Electronics and Information Technology (Govt. of India). ERNET has made a significant contribution to the emergence of networking in the country. It practically brought the Internet to India and has built up national capabilities in the area of net-working, especially in protocol software engineering. It has not only succeeded in building a large network that provides various facilities to the intellectual segment of Indian society, the research and education community, it has over the years become a trendsetter in the field of networking.

GIIC

GIIC - Gujarat Industrial Investment Corporation GIIC was established in 1968 for catalyzing industrial development in state of Gujarat. GIIC opens access to the Power of Resource for every business enterprise. Through its thoughtfully designed services that address the wide-ranging needs of an organisation. Supporting its operation. Accelerating its pace of growth. GIIC - an able source of Resource.

PNB Full Form

PNB - Panjab National Bank Punjab National Bank (PNB) is a Banking and Financial service bank owned by the Government of India with its headquarters is in New Delhi, India. The bank was founded in 1894 and is the second-largest public sector bank (PSB) in India, both in terms of business and its network. The bank has over 180 million customers, 10,910 branches, and 13,000+ ATMs post-merger with United Bank of India and Oriental Bank of Commerce, effective from 1 April 2020.

LIC Full form

LIC - Life Insurance Corporation Life Insurance Corporation of India (abbreviated as LIC) is an Indian state-owned insurance group and investment corporation owned by the Government of India. The Life insurance Corporation of India was founded on September 1, 1956 , when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation of India. Headquarters : Mumbai Chairperson : M R Kumar Founder : Government of India Founded : 1 September 1956 Total assets : 31.12 lakh crores INR (US$440 billion, 2019) Subsidiaries : LIC Housing Finance , IDBI Bank , MORE

What is the full form of EPFO

EPFO - Employee Provident Fund Organization The Employees' Provident Fund Organisation is an organization tasked to assist the Central Board of Trustees, Employees' Provident Fund a statutory body formed by the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 and is under the administrative control of the Ministry of Labour and Employment, Government of India. EPFO assists the Central Board in administering a compulsory contributory Provident Fund Scheme, a Pension Scheme and an Insurance Scheme for the workforce engaged in the organized sector in India. It is also the nodal agency for implementing Bilateral Social Security Agreements with other countries on a reciprocal basis. The schemes cover Indian workers as well as International workers (for countries with which bilateral agreements have been signed. As of now 19 Social Security Agreements are operational). The EPFO's apex decision making body is the Centrald of Trustees (CBT).

NDP Full Form

NDP - Net Domestic Product The net domestic product (NDP) equals the gross domestic product (GDP) minus depreciation on a country's capital goods. {\displaystyle GDP-D=NDP} Net domestic product accounts for capital that has been consumed over the year in the form of housing, vehicle, or machinery deterioration. The depreciation accounted for is often referred to as "capital consumption allowance" and represents the amount of capital that would be needed to replace those depreciated assets. The portion of investment spending that is used to replace worn out and obsolete equipment — depreciation — while essential for maintaining the level of output, does not increase the economy’s capacities in any way. If GDP were to grow simply as a result of the fact that more money was being spent to maintain the capital stock because of increased depreciation, it would not mean that anyone had been made better off. Because of this, some economists view NDP as a better measure of socia...

NEFT Full Form

NEFT - National Electronic Fund Transfer National Electronic Funds Transfer (NEFT) is an Indian system of electronic transfer of money from one bank to another. It was introduced by Reserve Bank of India. It is an electronic fund transfer system that is based on Deferred Net Settlement (DNS) which settles transaction in batches.

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