Saturday, February 25, 2012

Terms of the day

NCDEX – National Commodity and Derivatives Exchange
IRNSS – Indian Regional Navigational Satellite System
 The Indian Regional Navigational Satellite System (IRNSS) is an autonomous regional satellite navigation system being developed by the Indian Space Research Organisation which would be under total control of Indian government. The requirement of such a navigation system is driven by the fact that access to Global Navigation Satellite Systems, GPS, is not guaranteed in hostile situations. IRNSS is expected to be functional by 2014.
GLONASS - GLObal NAvigation Satellite System, is a radio-based satellite navigation system operated for the Russian government by the Russian Aerospace Defence Forces. It both complements and provides an alternative to the United States' Global Positioning System (GPS) and is currently the only alternative navigational system in operation with global coverage and of the same precision.
CoS - Committee of Secretaries
IFAD – International Fund for Agricultural Development
KYC – Know Your Customer
JNNURM – Jawaharlal Nehru National Urban Renewal Mission
CERN – European Organization for Nuclear Research (Lab located at Geneva)
FSI – Forest Survey of India
DAE – Department of Atomic Energy
NPCIL – Nuclear Power Corporation of India Limited
AERB – Atomic Energy Regulatory Board
MCX – Multi Commodity Exchange
MCX is the first exchange in the country to come out with an IPO (Initial Public Offering).

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