List of Acronyms & Abbreviations used in ORGANIZATION

The Banking Codes and Standard Board of India (BCSBI), had formulated a code of bank's commitment to MSE. This is a volutary code, which set minimum standards of banking practices for banks to follow when they are dealing with MSE as defined by MSMED Act of 2006. This act provides protection to MSE and provides statements on how banks are expected to deal witth MSE on regular as well as in the time of financial difficulty.

MSE - Micro and Small Enterprises

BRICS is an acronym that stands for the group of five major emerging national economies: Brazil, Russia, India, China, and South Africa. These countries formed the BRICS association in 2006 to promote stronger cooperation among them and with other countries in the global economy. The group aims to address various global challenges, such as economic growth, international trade, climate change, and political issues. BRICS nations together represent a significant portion of the world's population, GDP, and economic growth potential. They represent a considerable portion of the global population and economy and have been advocating for a more equitable global governance system. While they face several challenges, they continue to collaborate in areas like finance, energy, and technology to promote growth and development.

The Department of Justice (DOJ) is a federal executive department of the United States government responsible for upholding federal law and administering justice. It is led by the Attorney General, who is nominated by the President and confirmed by the Senate. The DOJ has various components, including the Federal Bureau of Investigation (FBI), the Drug Enforcement Administration (DEA), and the United States Attorney's Offices. The department's primary functions include enforcing federal criminal law, civil rights, antitrust law, and protecting the environment, among others.

The Equal Access of Justice Act (EAJA) provides for the award of attorney fees and other expenses to eligible individuals and small entities that are parties to litigation against the government.

The Energy Information Administration (EIA) is an independent statistical and analytical agency within the U.S. Department of Energy. Its primary function is to provide reliable, impartial energy data and information to promote sound decision-making in both the public and private sectors. EIA collects, analyzes, and disseminates comprehensive information on all aspects of the energy sector, including electricity, natural gas, coal, nuclear power, renewables, and petroleum. This information helps policymakers, industry professionals, and the public better understand energy trends, market dynamics, and the interdependence of various energy sources.

Environmental, Social, and Governance (ESG), is a set of criteria used to evaluate a company's sustainability and social impact. Investors often consider ESG factors when making investment decisions, as they help assess a company's long-term financial performance and its contribution to society and the environment. Environmental factors include a company's impact on climate change, resource depletion, waste management, and pollution. Social factors focus on labor practices, human rights, community engagement, and customer privacy. Governance aspects involve a company's leadership, executive pay, auditing and accounting standards, and shareholder rights. By considering these factors, investors aim to support companies that operate responsibly and contribute to a more sustainable future.

The Financial Crimes Enforcement Network (FinCEN) is a bureau of the United States Department of the Treasury, responsible for administering and enforcing the Bank Secrecy Act (BSA), which aims to safeguard the financial system against money laundering, terrorist financing, and other financial crimes. FinCEN collects and analyzes financial data from various financial institutions, shares intelligence with domestic and international partners, and promotes a comprehensive understanding of financial crimes to protect the nation's economy and national security.

The Federal Open Market Committee (FOMC), is a key monetary policy-making body of the Federal Reserve System in the United States. The FOMC is responsible for implementing the nation's monetary policy, which includes managing interest rates and the supply of money in the economy. This committee consists of 12 members, including the seven members of the Federal Reserve's Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining Reserve Bank presidents who serve rotating terms. The FOMC meets regularly to discuss and decide on policy adjustments to promote economic stability and maintain price stability, which is typically measured by the inflation rate.

Indian Industries Association (IIA), is an apex representative of MSME with a strong membership base. IIA operates on the broad based objective of foostering coperation and support for promoting MSMSE.

MSME- Small and Medium Enterprise

A Joint Liability Group (JLG),  is an informal group comprising of 5-10 people, who are togather for the purpose of availing bank loans. 

National Bank for Agricultural & Rural Development (NABARD), is the an apex development bank with a mandate for facilitating credit flow for promotion and development of agriculture, small-scale industries, cottage and village industries and other rural crafts.

The National Bureau of Investigation (NBI) is the primary investigative agency in the Philippines, responsible for handling various criminal cases and providing assistance to local law enforcement agencies. Its mission is to maintain public peace and order, prevent and detect crimes, and ensure the effective enforcement of laws. The NBI operates under the Department of Justice and is headed by a director who is appointed by the President of the Philippines.

New York Community Bancorp Inc. is a bank holding company based in New York, United States. It is the parent company of New York Community Bank, which operates under several subsidiary banks. The company primarily focuses on residential mortgage lending, multi-family mortgage lending, and commercial real estate lending. As of now, it is one of the largest thrift institutions in the country.

The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the U.S. Treasury Department. Its primary mission is to safeguard national security, target rogue nations and regimes, terrorists, and other threats to the United States by implementing and enforcing economic and trade sanctions based on U.S. foreign policy and national security goals. OFAC's efforts aim to cut off sources of funding for targeted entities, reduce their access to the U.S. financial system, and limit their ability to conduct international trade. It's crucial to stay updated on the latest sanctions and compliance requirements when dealing with international transactions.

The Office of Management and Budget (OMB) is an agency within the Executive Branch of the United States Federal Government. It is responsible for overseeing the preparation of the federal budget and coordinating its implementation in cooperation with the President. The OMB also plays a crucial role in managing and allocating resources, evaluating the performance of federal programs, and ensuring compliance with government-wide policies and initiatives. Their primary goal is to support the President in implementing their vision for the nation and achieving their policy objectives in an efficient and effective manner.

The World Gold Council (WGC) is a market development organization that aims to promote and stimulate the global gold industry. It represents the interests of the world's leading gold mining companies and supports the responsible and sustainable production of gold. The WGC provides industry insights, conducts research, and engages with stakeholders to ensure the gold market remains vibrant and attractive for investors. They also work on initiatives to enhance the use of gold in various sectors, such as technology and jewelry.