GLOSSARY--INVESTMENT
GLOSSARY
Terms andAbbreviations
Meaning
BSE
Bombay Stock Exchange Ltd.: It is the largest stock exchange in India having over 6,000 listed stocks - www.bseindia.com
CAGR
Compounded Annual Growth Rate: is the average annual growth rate calculated over a period (either forecast or historical)
CII
The Confederation of Indian Industry: Founded in 1895, CII is an Indian business association, with a direct membership of over 5300 companies from the private as well as public sectors, including SMEs and MNCs and indirect membership of over 80,000 companies from around 300 national and regional sectoral associations - www.ciionline.org
CMIE
The Centre for Monitoring Indian Economy: is an independent economic organisation which specialises in monitoring and researching the Indian economy - www.cmie.com
Economic Survey
A document released annually by the Government of India that provides updated socio-economic information of the Indian Economy
FII
Foreign Institutional Investments: Portfolio Investments by Foreign Asset Management Companies, Pension Funds, Mutual Funds etc., which are registered with the SEBI. FIIs can buy and sell listed as well as unlisted securities
FDI
Foreign Direct Investment: refers to an investment made to acquire lasting interest in enterprises operating outside of the economy of the investor. According to IMF, a minimum of 10 per cent of equity ownership is required to qualify an investor as a foreign direct investor
FICCI
Federation of Indian Chambers of Commerce and Industry: Set up in 1927, it is a business association with over 1,500 corporate members - www.ficci.com
FIPB
Foreign Investment Promotion Board is a specially empowered board, chaired by Secretary, Department of Economic Affairs, which acts as the approving authority for foreign investment not falling under the automatic approval route and as a facilitator/single-window clearance agency for large foreign investment proposals. (Please refer to section - Policies and Laws - Investment Facilitation agencies)
FY
Financial Year: Usually April 1 to March 31; e.g. FY 04 would refer to the period, April 1, 2003 to March 31, 2004. Also referred to as 2003-04
GDP
Gross Domestic Product is a measure of the value of economic production of a particular territory in financial capital terms during a specified period
IBEF
India Brand Equity Foundation is a public-private partnership between the Ministry of Commerce and Industry, Government of India and the Confederation of Indian Industry. It collects, collates and disseminates comprehensive and current information on the Indian economy and business - www.ibef.org (Please refer to section - Policies and Laws - Investment Facilitation agencies)
Investment Commission
Headed by Mr. Ratan Tata, the Commission advises the Government of India on changes in policies and procedures that will enhance domestic investment. Also recommends projects and investment proposals to be mentored and promotes India as an investment destination. (Please refer to section - Policies and Laws - Investment Facilitation agencies)
NASDAQ
National Association of Securities Dealers Automated Quotations (originally). It is the largest U.S. electronic stock market with approximately 3,300 companies listed on it
NCAER
National Council of Applied Economic Research is one of India’s premier economic research institutions - www.ncaer.org
NRI
Non-Resident Indian, an Indian citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad
NYSE
The New York Stock Exchange is the world’s leading equities market with 2,800 world-class companies listed on it with a total global market value of $20 trillion
p.a.
Per annum: per year
PPP
Purchasing power parity. A method of measuring the relative purchasing power of currencies of different countries over the same types of goods and services, in order to make relatively accurate comparisons of standards of living across countries.
Private Sector Company
A company (majority) owned, managed and run by private entities or individuals, whether Indian or foreign, and not by the Government
Public Sector Company (PSU)
Public Sector Undertaking. A company (majority) owned, managed and run by the Government of India
RBI
Reserve Bank of India is the central bank of India which regulates and supervises the Indian financial system apart from regulating foreign exchange and managing monetary policy - www.rbi.org.in
SEBI
Securities and Exchange Board of India is a regulatory body appointed by the Government of India, which supervises the Indian Debt and Equity markets - www.sebi.gov.in
SEZ
Special Economic Zone: is a geographical region governed by the SEZ Act, 2005 (Please refer to section - Policies and Laws - Important Laws Governing Business) that is deemed to be foreign territory for the purposes of trade operations, duties and tariffs to enhance foreign investment and promote exports from the country
SME
Small and Medium Enterprise as defined by the Draft SME Bill is a company with an investment of less than Rs. 100 million ($2.2 million) for a manufacturing unit and Rs. 50 million ($1.1 million) for services
SSI
Small-Scale Industry Unit is an industrial undertaking with an investment of less than Rs.10 million ( $0.2 million) in plant and machinery and annual turnover of Rs. 10 million to Rs. 100 million
TSMG
Tata Strategic Management Group is one of the leading management consulting firms in South Asia. - www.tsmg.com
Terms andAbbreviations
Meaning
BSE
Bombay Stock Exchange Ltd.: It is the largest stock exchange in India having over 6,000 listed stocks - www.bseindia.com
CAGR
Compounded Annual Growth Rate: is the average annual growth rate calculated over a period (either forecast or historical)
CII
The Confederation of Indian Industry: Founded in 1895, CII is an Indian business association, with a direct membership of over 5300 companies from the private as well as public sectors, including SMEs and MNCs and indirect membership of over 80,000 companies from around 300 national and regional sectoral associations - www.ciionline.org
CMIE
The Centre for Monitoring Indian Economy: is an independent economic organisation which specialises in monitoring and researching the Indian economy - www.cmie.com
Economic Survey
A document released annually by the Government of India that provides updated socio-economic information of the Indian Economy
FII
Foreign Institutional Investments: Portfolio Investments by Foreign Asset Management Companies, Pension Funds, Mutual Funds etc., which are registered with the SEBI. FIIs can buy and sell listed as well as unlisted securities
FDI
Foreign Direct Investment: refers to an investment made to acquire lasting interest in enterprises operating outside of the economy of the investor. According to IMF, a minimum of 10 per cent of equity ownership is required to qualify an investor as a foreign direct investor
FICCI
Federation of Indian Chambers of Commerce and Industry: Set up in 1927, it is a business association with over 1,500 corporate members - www.ficci.com
FIPB
Foreign Investment Promotion Board is a specially empowered board, chaired by Secretary, Department of Economic Affairs, which acts as the approving authority for foreign investment not falling under the automatic approval route and as a facilitator/single-window clearance agency for large foreign investment proposals. (Please refer to section - Policies and Laws - Investment Facilitation agencies)
FY
Financial Year: Usually April 1 to March 31; e.g. FY 04 would refer to the period, April 1, 2003 to March 31, 2004. Also referred to as 2003-04
GDP
Gross Domestic Product is a measure of the value of economic production of a particular territory in financial capital terms during a specified period
IBEF
India Brand Equity Foundation is a public-private partnership between the Ministry of Commerce and Industry, Government of India and the Confederation of Indian Industry. It collects, collates and disseminates comprehensive and current information on the Indian economy and business - www.ibef.org (Please refer to section - Policies and Laws - Investment Facilitation agencies)
Investment Commission
Headed by Mr. Ratan Tata, the Commission advises the Government of India on changes in policies and procedures that will enhance domestic investment. Also recommends projects and investment proposals to be mentored and promotes India as an investment destination. (Please refer to section - Policies and Laws - Investment Facilitation agencies)
NASDAQ
National Association of Securities Dealers Automated Quotations (originally). It is the largest U.S. electronic stock market with approximately 3,300 companies listed on it
NCAER
National Council of Applied Economic Research is one of India’s premier economic research institutions - www.ncaer.org
NRI
Non-Resident Indian, an Indian citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad
NYSE
The New York Stock Exchange is the world’s leading equities market with 2,800 world-class companies listed on it with a total global market value of $20 trillion
p.a.
Per annum: per year
PPP
Purchasing power parity. A method of measuring the relative purchasing power of currencies of different countries over the same types of goods and services, in order to make relatively accurate comparisons of standards of living across countries.
Private Sector Company
A company (majority) owned, managed and run by private entities or individuals, whether Indian or foreign, and not by the Government
Public Sector Company (PSU)
Public Sector Undertaking. A company (majority) owned, managed and run by the Government of India
RBI
Reserve Bank of India is the central bank of India which regulates and supervises the Indian financial system apart from regulating foreign exchange and managing monetary policy - www.rbi.org.in
SEBI
Securities and Exchange Board of India is a regulatory body appointed by the Government of India, which supervises the Indian Debt and Equity markets - www.sebi.gov.in
SEZ
Special Economic Zone: is a geographical region governed by the SEZ Act, 2005 (Please refer to section - Policies and Laws - Important Laws Governing Business) that is deemed to be foreign territory for the purposes of trade operations, duties and tariffs to enhance foreign investment and promote exports from the country
SME
Small and Medium Enterprise as defined by the Draft SME Bill is a company with an investment of less than Rs. 100 million ($2.2 million) for a manufacturing unit and Rs. 50 million ($1.1 million) for services
SSI
Small-Scale Industry Unit is an industrial undertaking with an investment of less than Rs.10 million ( $0.2 million) in plant and machinery and annual turnover of Rs. 10 million to Rs. 100 million
TSMG
Tata Strategic Management Group is one of the leading management consulting firms in South Asia. - www.tsmg.com
Comments