The International Labour Organization (ILO)
The International Labour Organization (ILO) is a United Nations agency whose mandate is to advance social justice and promote decent work by setting international labour standards.
The unique tripartite structure of the ILO gives an equal voice to workers, employers and governments to ensure that the views of the social partners are closely reflected in labour standards and in shaping policies and programmes.
@commerceoptional
The main aims of the ILO are to promote rights at work, encourage decent employment opportunities, enhance social protection and strengthen dialogue on work-related issues.
The International Labour Organization (ILO) is a United Nations agency whose mandate is to advance social justice and promote decent work by setting international labour standards.
The unique tripartite structure of the ILO gives an equal voice to workers, employers and governments to ensure that the views of the social partners are closely reflected in labour standards and in shaping policies and programmes.
@commerceoptional
The main aims of the ILO are to promote rights at work, encourage decent employment opportunities, enhance social protection and strengthen dialogue on work-related issues.
India is a founding member of the ILO and has been a permanent member of the ILO Governing Body since 1922. The ILO Office in
India was established in 1928 and is, at present, composed of two teams: The Decent Work Team (DWT) provides technical support
to India and other south Asian countries and the Country Office (CO) is responsible for ILO activities in India.
India was established in 1928 and is, at present, composed of two teams: The Decent Work Team (DWT) provides technical support
to India and other south Asian countries and the Country Office (CO) is responsible for ILO activities in India.
Current areas of work of ILO
The ILO’s work in India is carried out within the framework of the Decent
Work Country Programme (DWCP). India’s first DWCP covered the period
2007-12 and achieved satisfactory results, especially with regard to
promoting livelihoods, eliminating child labour, reducing the vulnerability
of bonded labourers, empowering women and informal economy workers,
and developing employment generation agendas.
In response to the fast changing socio-economic environment in India
(notably with its emergence as a middle-income country) and in line with
the country’s 12th Five Year Plan, the DWCP for 2013-2017 has set the
following four priorities:
• Promotion of international labour standards and fundamental principles and rights at work.
• Promotion of policies for job-rich and inclusive growth, especially for women, youth and disadvantaged groups.
• Building a national social protection floor and strengthening workplace compliance.
• Enhancing labour administration, tripartism and social dialogue at national and state levels.
The ILO’s work in India is carried out within the framework of the Decent
Work Country Programme (DWCP). India’s first DWCP covered the period
2007-12 and achieved satisfactory results, especially with regard to
promoting livelihoods, eliminating child labour, reducing the vulnerability
of bonded labourers, empowering women and informal economy workers,
and developing employment generation agendas.
In response to the fast changing socio-economic environment in India
(notably with its emergence as a middle-income country) and in line with
the country’s 12th Five Year Plan, the DWCP for 2013-2017 has set the
following four priorities:
• Promotion of international labour standards and fundamental principles and rights at work.
• Promotion of policies for job-rich and inclusive growth, especially for women, youth and disadvantaged groups.
• Building a national social protection floor and strengthening workplace compliance.
• Enhancing labour administration, tripartism and social dialogue at national and state levels.
Current affairs on Paper 2 of Commerce Optional @commerceoptional
👆for kind information of students' belonging to bcom/mcom/ca/cs/cwa degree in educational qualification.
Above details mentioned in pic to be filled in cse form 2020.
If u find any difficulty ,pls contact @pragyaias
Above details mentioned in pic to be filled in cse form 2020.
If u find any difficulty ,pls contact @pragyaias
👆🏻Benefits of students for filling CSE Prelims 2020
Various forms of Orientation:-
Realistic Orientation
These people are attracted to occupations that involve physical activities requiring skill, strength, and cooperation. Examples include forestry, farming, and agriculture.
Investigative Orientation
Investigative people are attracted to careers that involve cognitive activities (thinking, organizing, and understanding) rather than affecting activities (feeling, acting or interpersonal and emotional tasks). Examples include biologist, chemist and college professor.
Social Orientation
These people are attracted to careers that involve interpersonal rather than intellectual or physical activities. Examples include clinical psychology, foreign Service and social work.
Conventional Orientation
A conventional orientation favors careers that involve structured, rule-regulated activities as well as careers in which it is expected that the employee subordinates his or her personal needs to those of the organization. Examples include accountants and bankers.
Enterprising Orientation
Verbal activities aimed at influencing others characterize enterprising personalities. Examples include managers, lawyers, and public relations executives.
Artistic Orientation
People here are attracted to careers that involve self-expression, artistic creation, expression of emotions and individualistic activities. Examples include artists, advertising executives, and musicians.
Most people have more than one occupational orientation (they might be realistic, social and investigative) and Holland believes that the more similar or compatible these orientations are, the less internal conflict or indecision a person will face in making a career choice.
Realistic Orientation
These people are attracted to occupations that involve physical activities requiring skill, strength, and cooperation. Examples include forestry, farming, and agriculture.
Investigative Orientation
Investigative people are attracted to careers that involve cognitive activities (thinking, organizing, and understanding) rather than affecting activities (feeling, acting or interpersonal and emotional tasks). Examples include biologist, chemist and college professor.
Social Orientation
These people are attracted to careers that involve interpersonal rather than intellectual or physical activities. Examples include clinical psychology, foreign Service and social work.
Conventional Orientation
A conventional orientation favors careers that involve structured, rule-regulated activities as well as careers in which it is expected that the employee subordinates his or her personal needs to those of the organization. Examples include accountants and bankers.
Enterprising Orientation
Verbal activities aimed at influencing others characterize enterprising personalities. Examples include managers, lawyers, and public relations executives.
Artistic Orientation
People here are attracted to careers that involve self-expression, artistic creation, expression of emotions and individualistic activities. Examples include artists, advertising executives, and musicians.
Most people have more than one occupational orientation (they might be realistic, social and investigative) and Holland believes that the more similar or compatible these orientations are, the less internal conflict or indecision a person will face in making a career choice.
Reforms in Capital Market of India
The major reforms undertaken in capital market of India includes:-
1. Establishment of SEBI : The Securities and Exchange Board of India (SEBI) was established in 1988. It got a legal status in 1992. SEBI was primarily set up to regulate the activities of the merchant banks, to control the operations of mutual funds, to work as a promoter of the stock exchange activities and to act as a regulatory authority of new issue activities of companies. The SEBI was set up with the fundamental objective, "to protect the interest of investors in securities market and for matters connected therewith or incidental thereto."
* The main functions of SEBI are:-
* To regulate the business of the stock market and other securities market.
* To promote and regulate the self regulatory organizations.
* To prohibit fraudulent and unfair trade practices in securities market.
* To promote awareness among investors and training of intermediaries about safety of market.
* To prohibit insider trading in securities market.
* To regulate huge acquisition of shares and takeover of companies.
@Commerceoptional
2. Establishment of Creditors Rating Agencies : Three creditors rating agencies viz. The Credit Rating Information Services of India Limited (CRISIL - 1988), the Investment Information and Credit Rating Agency of India Limited (ICRA - 1991) and Credit Analysis and Research Limited (CARE) were set up in order to assess the financial health of different financial institutions and agencies related to the stock market activities. It is a guide for the investors also in evaluating the risk of their investments.
3. Increasing of Merchant Banking Activities : Many Indian and foreign commercial banks have set up their merchant banking divisions in the last few years. These divisions provide financial services such as underwriting facilities, issue organising, consultancy services, etc. It has proved as a helping hand to factors related to the capital market.
4. Candid Performance of Indian Economy : In the last few years, Indian economy is growing at a good speed. It has attracted a huge inflow of Foreign Institutional Investments (FII). The massive entry of FIIs in the Indian capital market has given good appreciation for the Indian investors in recent times. Similarly many new companies are emerging on the horizon of the Indian capital market to raise capital for their expansions.
5. Rising Electronic Transactions : Due to technological development in the last few years. The physical transaction with more paper work is reduced. Now paperless transactions are increasing at a rapid rate. It saves money, time and energy of investors. Thus it has made investing safer and hassle free encouraging more people to join the capital market.
6. Growing Mutual Fund Industry : The growing of mutual funds in India has certainly helped the capital market to grow. Public sector banks, foreign banks, financial institutions and joint mutual funds between the Indian and foreign firms have launched many new funds. A big diversification in terms of schemes, maturity, etc. has taken place in mutual funds in India. It has given a wide choice for the common investors to enter the capital market.
7. Growing Stock Exchanges : The numbers of various Stock Exchanges in India are increasing. Initially the BSE was the main exchange, but now after the setting up of the NSE and the OTCEI, stock exchanges have spread across the country. Recently a new Inter-connected Stock Exchange of India has joined the existing stock exchanges.
join @Commerceoptional
8. Investor's Protection : Under the purview of the SEBI the Central Government of India has set up the Investors Education and Protection Fund (IEPF) in 2001. It works in educating and guiding investors. It tries to protect the interest of the small investors from frauds and malpractices in the capital market.
The major reforms undertaken in capital market of India includes:-
1. Establishment of SEBI : The Securities and Exchange Board of India (SEBI) was established in 1988. It got a legal status in 1992. SEBI was primarily set up to regulate the activities of the merchant banks, to control the operations of mutual funds, to work as a promoter of the stock exchange activities and to act as a regulatory authority of new issue activities of companies. The SEBI was set up with the fundamental objective, "to protect the interest of investors in securities market and for matters connected therewith or incidental thereto."
* The main functions of SEBI are:-
* To regulate the business of the stock market and other securities market.
* To promote and regulate the self regulatory organizations.
* To prohibit fraudulent and unfair trade practices in securities market.
* To promote awareness among investors and training of intermediaries about safety of market.
* To prohibit insider trading in securities market.
* To regulate huge acquisition of shares and takeover of companies.
@Commerceoptional
2. Establishment of Creditors Rating Agencies : Three creditors rating agencies viz. The Credit Rating Information Services of India Limited (CRISIL - 1988), the Investment Information and Credit Rating Agency of India Limited (ICRA - 1991) and Credit Analysis and Research Limited (CARE) were set up in order to assess the financial health of different financial institutions and agencies related to the stock market activities. It is a guide for the investors also in evaluating the risk of their investments.
3. Increasing of Merchant Banking Activities : Many Indian and foreign commercial banks have set up their merchant banking divisions in the last few years. These divisions provide financial services such as underwriting facilities, issue organising, consultancy services, etc. It has proved as a helping hand to factors related to the capital market.
4. Candid Performance of Indian Economy : In the last few years, Indian economy is growing at a good speed. It has attracted a huge inflow of Foreign Institutional Investments (FII). The massive entry of FIIs in the Indian capital market has given good appreciation for the Indian investors in recent times. Similarly many new companies are emerging on the horizon of the Indian capital market to raise capital for their expansions.
5. Rising Electronic Transactions : Due to technological development in the last few years. The physical transaction with more paper work is reduced. Now paperless transactions are increasing at a rapid rate. It saves money, time and energy of investors. Thus it has made investing safer and hassle free encouraging more people to join the capital market.
6. Growing Mutual Fund Industry : The growing of mutual funds in India has certainly helped the capital market to grow. Public sector banks, foreign banks, financial institutions and joint mutual funds between the Indian and foreign firms have launched many new funds. A big diversification in terms of schemes, maturity, etc. has taken place in mutual funds in India. It has given a wide choice for the common investors to enter the capital market.
7. Growing Stock Exchanges : The numbers of various Stock Exchanges in India are increasing. Initially the BSE was the main exchange, but now after the setting up of the NSE and the OTCEI, stock exchanges have spread across the country. Recently a new Inter-connected Stock Exchange of India has joined the existing stock exchanges.
join @Commerceoptional
8. Investor's Protection : Under the purview of the SEBI the Central Government of India has set up the Investors Education and Protection Fund (IEPF) in 2001. It works in educating and guiding investors. It tries to protect the interest of the small investors from frauds and malpractices in the capital market.
9. Growth of Derivative Transactions : Since June 2000, the NSE has introduced the derivatives trading in the equities. In November 2001 it also introduced the future and options transactions. These innovative products have given variety for the investment leading to the expansion of the capital market.
10. Insurance Sector Reforms : Indian insurance sector has also witnessed massive reforms in last few years. The Insurance Regulatory and Development Authority (IRDA) was set up in 2000. It paved the entry of the private insurance firms in India. As many insurance companies invest their money in the capital market, it has expanded.
11. Commodity Trading : Along with the trading of ordinary securities, the trading in commodities is also recently encouraged. The Multi Commodity Exchange (MCX) is set up. The volume of such transactions is growing at a splendid rate.
10. Insurance Sector Reforms : Indian insurance sector has also witnessed massive reforms in last few years. The Insurance Regulatory and Development Authority (IRDA) was set up in 2000. It paved the entry of the private insurance firms in India. As many insurance companies invest their money in the capital market, it has expanded.
11. Commodity Trading : Along with the trading of ordinary securities, the trading in commodities is also recently encouraged. The Multi Commodity Exchange (MCX) is set up. The volume of such transactions is growing at a splendid rate.
Initial public offering
Initial public offering is the process by which a private company can go public by sale of its stocks to general public. It could be a new, young company or an old company which decides to be listed on an exchange and hence goes public.
@commerceoptional
Companies can raise equity capital with the help of an IPO by issuing new shares to the public or the existing shareholders can sell their shares to the public without raising any fresh capital.
Initial public offering is the process by which a private company can go public by sale of its stocks to general public. It could be a new, young company or an old company which decides to be listed on an exchange and hence goes public.
@commerceoptional
Companies can raise equity capital with the help of an IPO by issuing new shares to the public or the existing shareholders can sell their shares to the public without raising any fresh capital.
SIGNIFICANCE OF EXCHANGEABLE BONDS
Exchangeable bonds are a good candidate for creating diversification in the portfolio. It provides a complete set of different risk and returns from the issuing company to the investors. Another attractive fact about these bonds is they provide some kind of inflation protection. When the share price of the underlying asset is below the exchange price, these bonds yield like a bond but when the share price is above the exchange price, they act like stocks.
From the company’s point of view, issuing these bonds is done to sell a large portion of their holdings to another company. On selling its shares directly to the other company, the issuer dilutes their shareholders. It also affects the market repute. Doing this using exchangeable bonds will save these issues from arising.
@Commerceoptional
Exchangeable bonds are a good candidate for creating diversification in the portfolio. It provides a complete set of different risk and returns from the issuing company to the investors. Another attractive fact about these bonds is they provide some kind of inflation protection. When the share price of the underlying asset is below the exchange price, these bonds yield like a bond but when the share price is above the exchange price, they act like stocks.
From the company’s point of view, issuing these bonds is done to sell a large portion of their holdings to another company. On selling its shares directly to the other company, the issuer dilutes their shareholders. It also affects the market repute. Doing this using exchangeable bonds will save these issues from arising.
@Commerceoptional