Important Abbreviation in News (for IBPS CWE 2012)

 1. NCTC - National Counter-Terrorism Centre

 2. GAAR - General anti avoidance rule

 3. TCS -Tax Collection at Source

 4. DTAA – Double Taxation Avoidance Agreement

 5. TIEA – Tax Information exchange Agreement

 6. EFSF – European Financial Stability Facility

 7. NPS – New Pension Scheme

 8. MMRCA – Medium Multi Role Combat Aircraft

 9. DRDO - Defence Research and Development Organisation

 10. GSLV - Geo-Synchronous Launch Vehicle

 11. ISRO - Indian Space Research Organisation

 12. EEFC - Exchange Earner's Foreign Currency

 13. NDMA – National Disaster Management Authority

 14. BRICS – Brazil, Russia, India, China and South Africa

 15. BASIC – Brazil, South Africa, India and China

 16. PPP – Public Private Partnership and Purchasing Power parity

 17. MTCR – Missile Technology Control Regim

 18. NSG – Nuclear Suppliers Group

 19. IAEA – International Atomic Energy Agency

 20. CEPA – Comprehensive Economic Partnership Agreement

 21. CECA - Comprehensive Economic Cooperation Agreement

 22. FIPB – Foreign Investment Promotion board

 23. PSLV – Polar Satellite Launch vehicle

 24. ICBM – Inter-continental Ballistic missile

 25. CCEA – Cabinet Committee on Economic Affairs

 26. IDF – Infrastructure Debt Fund

 27. CRIS – Comparative Rating Index for Sovereign

 28. GRAIL – Gravity Recovery and Interior Laboratory

 29. NCHER – National Commission for Higher Education and Research

 30. NCHRH - National Commission for Human Resources for Health

 31. FII – Foreign Institutional Investor

 32. DII – Domestic Institutional Investor

 33. GST – Goods and Services Tax

 34. DTC – Direct Tax Code

 35. MPLADS – MP Local Area Development Scheme

 36. FCNRA – Foreign Currency Non Resident account

 37. MFI - Micro Finance Institutions

 38. MFDC – Micro Finance Development Council

 39. TRAI - Telecom Regulatory Authority of India

 40. CIC - Central Information Commission

 41. BCCI - Board of Control for Cricket in India

 42. SAARC - South-Asian Association for Regional Co-operation

 43. ASEAN – Association of South East Asian Nation

 44. TAPI - Turkmenistan-Aghanistan-Pakistan-India

 45. NLD –National League for Democracy

 46. MSF – Marginal Standing Facility

 47. MIRV - Multiple Independently Targetable Re-entry Vehicle

 48. ECBs - External Commercial Borrowings

 49. NHRC - National Human Rights Commission

 50. NEFT - National Electronic Funds Transfer

 51. RTGS - Real Time Gross Settlement

 52. NIA - National Investigation Agency

 53. S&P - Standard and Poor’s