| ASSOCHAM | The Associated Chambers of Commerce and
Industry of India |
| ASTO | Association of Sea Training Organizations |
| DAP | Diammonium Phosphate (Urea) |
| CENVAT | Central Value Added Tax |
| GDR | Global Depositary Receipt |
| MRPL | Mangalore Refineries & Petrochemicals Limited |
| APM | Administered Price Mechanism |
| AICPI(IW) | All India Consumer Price Index (Industrial
Workers) |
| ACR | Annual Confidential Report |
| BEL | Bharat Electronics Limited |
| BHEL | Bharat Heavy Electricals Limited |
| BSNL | Bharat Sanchar Nigam Limited |
| BIFR | Board for Industrial and Financial Restructuring |
| BRPSE | Board for Reconstruction of Public Sector
Enterprises |
| BPE | Bureau of Public Enterprises |
| BPO | Business Process Outsourcing |
| CPS | Cash Based Profit Sharing |
| CBDT | Central Board for Direct Taxes |
| CDA | Central Dearness Allowance |
| CPC | Central Pay Commission |
| CPSE | Central Public Sector Enterprises |
| CMD | Chairman-cum-Managing Director |
| CEO | Chief Executive Officer |
| CFO | Chief Finance Officer |
| COO | Chief Operating Officer |
| CCA | City Compensatory Allowance |
| CAG | Comptroller & Auditor General of India |
| CRS | Compulsory Retirement Scheme |
| CII | Confederation of Indian Industries |
| CTC | Cost to the Company |
| DA | Dearness Allowance |
| DPS | Deferred Profit Sharing |
| DPE | Department of Public Enterprises |
| ESPP | Employee Stock Purchase Plan |
| EPS | Employees Pension Scheme |
| ESOP | Employees Stock Option Plan |
| ERP | Enterprises Resource Planning |
| FMCG | Fast Moving Consumer Goods |
| FICCI | Federation of Indian Chamber of Commerce and
Industry |
| FRBM | Fiscal Responsibility and Budget Management |
| FDI | Foreign Direct Investment |
| FEMA | Foreign Exchange Management Act |
| FERA | Foreign Exchange Regulation Act |
| GAIL | Gas Authority of India Ltd |
| GDP | Gross Domestic Product |
| HoD | Head of Department |
| HPPC | High Power Pay Committee |
| HAL | Hindustan Aeronautics Limited |
| HMT | Hindustan Machine Tools |
| HRA | House Rent Allowance |
| HRD | Human Resource Development |
| IIM | Indian Institute of Management |
| IIT | Indian Institute of Technology |
| IOC | Indian Oil Corporation |
| ISM | Indian School of Mines |
| ITI | Indian Telephones Industries |
| IDA | Industrial Dearness Allowance |
| IT | Information Technology |
| ITES | Information Technology Enabled Services |
| IPE | Institute of Public Enterprises |
| IS | Industry Segment |
| ISO | International Standards Organization |
| LTC | Leave Travel Concession |
| LIC | Life Insurance Corporation of India |
| LPG | Liquefied Petroleum Gas |
| MTNL | Mahanagar Telephone Nigam Ltd |
| MOU | Memorandum of Understanding |
| M&A | Mergers & Acquisitions |
| MSTC | Metals & Scrap Trading Corporation |
| MMTC | Minerals & Metal Trading Corporation |
| MRTP | Monopolies & Restrictive Trade Practices |
| MNC | Multi National Company |
| NALCO | National Aluminium Company |
| NCMP | National Common Minimum Programme |
| NFC | National Fire College |
| NIETE | National Institute of Industrial Engineering |
| NLC | National Labour Commission |
| NRF | National Renewal Fund |
| NSS | National Sample Survey |
| NTPC | National Thermal Power Corporation |
| NEP | New Economic Policy |
| NPA | Non Practicing Allowance |
| NRI | Non Resident Indians |
| NUS | Non Unionised Supervisors |
| OM | Office Memorandum |
| ONGC | Oil & Natural Gas Corporation |
| PRC | Pay Revision Committee |
| PMS | Performance Management System |
| PRP | Performance Related Payment |
| PF | Provident Fund |
| PDS | Public Distribution System |
| PESB | Public Enterprises Selection Board |
| PSE | Public Sector Enterprise |
| PSU | Public Sector Undertaking |
| REC (NIT) | Regional Engineering College |
| R&D | Research and Development |
| SEBI | Securities Exchange Board of India |
| SS | Service Sector |
| SICA | Sick Industrial Companies Act |
| SEZ | Special Economic Zone |
| SCOPE | Standing Conference of Public Enterprises |
| SAIL | Steel Authority of India Ltd |
| SAR | Stock Appreciation Right |
| VAT | Value Added Tax |
| VP | Variable Pay |
| VER | Very Early Retirement |
| VSNL | Videsh Sanchar Nigam Ltd |
| VRS | Voluntary Retirement Scheme |
| WTO | World Trade Organisation |