Full Form 78

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.

FDI - Foreign Direct Investment A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control.

FCCB - Foreign Currency Convertible Bond Foreign currency convertible bonds (FCCBs) are a special category of bonds. FCCBs are issued in currencies different from the issuing company's domestic currency. Corporates issue FCCBs to raise money in foreign currencies. These bonds retain all features of a convertible bond, making them very attractive to both the investors and the issuers. These bonds assume great importance for multinational corporations and in the current business scenario of globalisation, where companies are constantly dealing in foreign currencies. FCCBs are quasi-debt instruments and tradable on the stock exchange. Investors are hedge-fund arbitrators or foreign nationals. FCCBs appear on the liabilities side of the issuing company's balance sheet. Under IFRS provisions, a company must mark-to-market the amount of its outstanding bonds. The relevant provisions for FCCB accounting are International Accounting Standards: IAS 39, IAS 32 and IFRS 7. FCCB are iss...

FATCA - Foreign Account Tax Compliance Act FATCA is an acronym for the United States Foreign Account Tax Compliance Act . India had entered into an agreement with the United States for implementation of the Foreign Accounts Tax Compliance Act (FATCA) with effect from August 31, 2015. The Foreign Account Tax Compliance Act (FATCA) is a 2010 United States federal law requiring all non-U.S. foreign financial institutions (FFIs) to search their records for customers with indicia of a connection to the U.S., including indications in records of birth or prior residency in the U.S., or the like, and to report the assets and identities of such persons to the U.S. Department of the Treasury. FATCA also requires such persons to report their non-U.S. financial assets annually to the Internal Revenue Service (IRS) on form 8938, which is in addition to the older and further redundant requirement to report them annually to the Financial Crimes Enforcement Network (FinCEN) on form 114 (also known ...

EOD - End of the Day What does EOD mean? End Of Day (EOD) is the end of the trading day in financial markets, the point when trading ceases. EOD is often used to designate the time by which something must be completed.

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).

EWS - Economically Weaker Section Economically Weaker Section (EWS) in India is a subcategory of people belonging to the General Category having an annual family income less than ₹8 lakhs.Further they may belong to any reserved category such as SC/ST/OBC (central list). If a candidate who doesn't fall under castes recognised as SC/ST/OBC by the Govt. of India & doesn't avail any form of reservations (except horizontal reservations like ExS, PwD, etc.) & his/her annual family income is above the prescribed limit of ₹8 lakhs by Government of India (or as prescribed by state govt in the respective states), then he/she will be recognised as a candidate from UR category and not from EWS category.  

ELSS - Equity-linked Saving Scheme Equity Linked Savings Scheme, popularly known as ELSS are close-ended, lock-in period of 3 years diversified equity schemes offered by mutual funds in India. They offer tax benefits under the new Section 80C of Income Tax Act 1961. ELSS can be invested using both SIP (Systematic Investment Plan) and lump sums investment options. There is a 3 years lock-in period, and thus has better Liquidity compared to other options like NSC and Public Provident Fund.  

ECS - Electronic Clearing Service ECS is an electronic mode of funds transfer from one bank account to another. It can be used by institutions for making payments such as distribution of dividend interest, salary, pension, among others. It can also be used to pay bills and other charges such as telephone, electricity, water or for making equated monthly installments payments on loans as well as SIP investments. ECS can be used for both credit and debit purposes. How do you avail of an ECS scheme? You need to inform your bank and provide a mandate that authorises the institution, who can then debit or credit the payments through the bank. The mandate contains details of your bank branch and account particulars. It is the responsibility of the institution to communicate the details of the amount being credited or debited to their account, indicating the date of credit and other relative particulars of the payment. You will know the money has been debited from your account through mobile...

CRR - Cash Reserve Ratio Cash Reserve Ratio (CRR) RBI meaning, CRR rate: The Cash Reserve Ratio in India is decided by RBI's Monetary Policy Committee in the periodic Monetary and Credit Policy. The percentage of cash required to be kept in reserves, vis-a-vis a bank's total deposits, is called the Cash Reserve Ratio.

CRM - Customer Relationship Management

BPO - Business Process Outsourcing

ROC - Registrar of Companies The  Registrar of Companies  (ROC) is an office under the Indian Ministry of Corporate Affairs that deals with administration of the Companies Act 1956 and Companies Act, 2013. These officers are from Indian Corporate Law Service cadre.

LLP - Limited Liability Partnership A  limited liability partnership  (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore can exhibit elements of partnerships and corporations. In a LLP, each partner is not responsible or liable for another partner's misconduct or negligence.

BOD - Board of Directors

CMIE - Centre for Monitoring Indian Economy

CIS - Commonwealth of Independent States

CD - Compact Disc Compact disc (CD) is a digital optical disc data storage format that was co-developed by Philips and Sony and released in 1982. The format was originally developed to store and play only digital audio recordings (CD-DA) but was later adapted for storage of data (CD-ROM).

BHEL - Bharat Heavy Electricals Limited Bharat Heavy Electricals Limited (BHEL) is a public sector engineering and manufacturing company based in New Delhi, India. Established in 1964, BHEL is India's largest power generation equipment manufacturer.

ALE - Average Life Expectancy