BIFR meaning in Business ?

Answer: What is Board for Industrial and Financial Restructuring mean?

The Board for Industrial and Financial Reconstruction (BIFR) was an agency of the Government of India, part of the Department of Financial Services of the Ministry of Finance. Set up in January 1987 by the Rajiv Gandhi government, its objective was to determine sickness of industrial companies and to assist in reviving those that may be viable and shutting down the others. On 1 December 2016, the Narendra Modi government dissolved BIFR and referred all proceedings to the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) as per provisions of Insolvency and Bankruptcy Code.

reference

Full Form	Category
Board for Industrial and Financial Restructuring	Business
Board of Industrial and Financial Reconstruction	General
Bureau of Industrial Financial Reconstruction	General
Board for Industrial Financial Reconstruction	General
Brambles Injury Frequency Rate	General
Bureau of Industrial and Financial Reconstruction	Governmental
Bureau of Industrial and Financial Refurbishment	Governmental
Board for Industrial and Financial Reconstruction	Indian Ministry of Finance
Bivariate Increasing Failure Rate	Maths