...Garment Factory Compliance • Home • About • Top of Form [pic][pic] Bottom of Form [pic]Indian Textile Industry and Garment Exports November 28, 2012 Disha Leave a comment The Indian textile industry is one of the largest industries in the world, with a huge raw material and textile manufacturing base. The industry occupies a unique position as a self-reliant industry, from the production of raw materials to the delivery of finished products. This large and ancient industry has carved out a special niche for itself as a facilitator of the county’s economic growth and participative development. Textile industry in India is a highly versatile sector, with smaller firms providing flexibility needed for smaller orders; the larger firms have the capacity to service the world’s biggest buyers. The Government of India has also undertaken several favourable policy initiatives, which have resulted in the growth of the sector. “Indian textile industry contributes about 14 per cent to industrial production, 4 per cent to the country’s gross domestic product (GDP) and 16.63 per cent to export earnings,” as per Ministry of Commerce and Trade, India. Major destination for Indian garment exports The USA is the number one destination for the exports of Indian apparels. During 2011, the garment imports to the USA from world were around US$ 81.51 billion. India exports garments of worth US$ 3.53 billion to the USA, which accounts for 4.33 per cent share in the USA’s total...
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...international locations becomes necessary. When making the leap to an international location many things come to mind to be prepared and be aware of compliance issues that may be different from the U.S. be aware of employment laws, and be prepared for the type of cultural differences which may be found in a different country. Compliance Laws India as a country in its entirety uses its main source for employments laws, which is the Constitution of India. Also used amongst the Constitution of India, are labour states, federal, and state governments. India’s laws are governed by the constitution, but laws come down to individual states because each individual state in India may have added judicial guidelines to employment laws. Laws and Non Compliance State Specific Shops and Commercial Establishments Acts (the SEAs); Contract Labour (Regulation & Abolition) Act, 1970 (the CLRA Act); Maternity Benefit Act, 1961 (the MB Act); Payment of Wages Act, 1936 (the PW Act); Minimum Wages Act, 1948 (the MW Act); Payment of Bonus Act, 1965 (the PB Act); Employees’ Compensation Act, 1923 (the ECA); Employees’ State Insurance Act, 1948 (the ESI Act); Payment of Gratuity Act, 1972 (the PG Act); “The Constitution of India provides equality of opportunity in matters of public employment as a fundamental right. The Constitution of India prohibits discrimination on the following grounds: Race, gender, religion, place of birth, domicile, caste, and descent. A specific statute...
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...Latin motivus (of motion) to represent any form of self-powered vehicle. The Indian automotive industry has emerged as a 'sunrise sector' in the Indian economy. India is emerging as one of the world's fastest growing passenger car markets and second largest two wheeler manufacturer. It is also home for the largest motor cycle manufacturer and fifth largest commercial vehicle manufacturer. The automotive industry in India is one of the largest in the world and one of the fastest growing globally. India's passenger car and commercial vehicle manufacturing industry is the sixth largest in the world, with an annual production of more than 3.9 million units in 2011.[1] According to recent reports, India overtook Brazil and became the sixth largest passenger vehicle producer in the world (beating such old and new auto makers as Belgium, United Kingdom, Italy, Canada, Mexico, Russia, Spain, France, Brazil), growing 16 to 18 per cent to sell around three million units in the course of 2011-12.[2] In 2009, India emerged as Asia's fourth largest exporter of passenger cars, behind Japan, South Korea, and Thailand.[3] In 2010, India beat Thailand to become Asia's third largest exporter of passenger cars. As of 2010, India is home to 40 million passenger vehicles. More than 3.7 million automotive vehicles were produced in India in 2010 (an increase of 33.9%), making the country the second (after China) fastest growing automobile market in the world.[4][5] According to the Society of Indian...
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... Ri Rishika Rathi , and Pooja Chokhani ,B.Com Department , I st Semester THE DRAWBACKS IN ENVIRONMENTAL LEGESLATIONS IN INDIA: In today's world the conservation, protection and improvement of human environment are major issues all over the world. Human environment consists of physical environment and biological environment. Physical environment covers land, water and air. Biological environment includes plants, animals and other organisms. Industrialization, urbanization, explosion of population, over exploitation, disruption of natural ecological balances, destruction of plant and animal species for economic reasons are the major reasons behind environment deterioration. Our country’s degradation of environment degrades the global environment. Therefore, it is all the more important to have legislations to protect our environment. 1.Introduction In the Constitution of India it is stated that it is the duty of the state to ‘protect and improve the environment and to safeguard the forests and wildlife of the country’. It is the duty on every citizen ‘to protect and improve the natural environment including forests, lakes, rivers, and wildlife'. The Department of Environment was established in India in 1980 to ensure a healthy environment for the country. This later came to be known as the Ministry of Environment and Forests in 1985. The constitutional provisions are backed by a number of laws...
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...guarantee quality assurance of an organization by ensuring that the structure, processes and outcomes of the organization are commensurate to the needs of the national and international accreditation norms. Our strength is systematic and working approach of which each steps is bounded by a predefined time scheduled time frame systematic working approach with high level of quality outcome. frame. As a result achievement of the accreditation within a guided by Page 1 of 4 To help the clients to achieve Quality Accreditations as a bi‐product of improvements in service quality, KIHC provide following scope of services: Perform initial Assessment of existing policies, standard operating procedures, processes and infrastructure compliances with the NABH standards across all functional areas. Detail System Study and Gap Analysis Report against NABH Standards. Design the roadmap with implementable suggestions to achieve NABH. Staff Training and Orientation Development of Quality Indicators Guidance and assistance for implementation like drafting of SOPs for functional areas, Standardizing and Documenting policies...
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...Secretaries of India (ICSI) has also long back introduced some set of rules and norms, which are supplementary to the Companies Act, 1956, called as Secretarial Standardsí and popularly termed as SS. ! ICSI has been the first professional body in the world to start the process of setting Secretarial Standards for integration, harmonization and standardization of corporate secretarial practices. International Federation of Company Secretaries (IFCS), formed with the efforts of ICSI, decided to form an International Secretarial Standards Board which will formulate international secretarial standards to spread good corporate governance discipline across national borders. ! Companies follow diverse secretarial practices and, therefore, there is a need to integrate, harmonize and standardize such practices so as to promote uniformity and consistency. The Standards were always recommendatory in nature. With the growing corporate scenario a need was felt to standardize the secretarial practices so the Standards were thereafter recommended to be made mandatory first somewhere in 2006. Many members of the Institute and big corporate houses were in favour of the SS being made mandatory. Many corporate houses had even started adopting such standards so it was therefore understood that all can therefore adopt and follow the same. Moreover, the members and council wanted the SS to be treated in lines with Accounting Standards (AS) issued by the Institute of Chartered Accountants of India (ICAI)...
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...International Journal for Research Technology & Seminar (IJRTS) [Double-blind Peer-reviewed Multidisciplinary Referred Journal] Copyright & Reprint Information: © International Journal for Research Technology & Seminar All rights reserved. All articles are open access articles distributed under “International Journal for Research Technology & Seminar” Reading License, which permits restricted use. Entire contents are copyright by of “International Journal for Research Technology & Seminar” unless otherwise noted on specific articles. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without written permission. The opinions and statements made in this book are those of the authors concerned. Ultra-culture has not verified and neither confirms nor denies any of the foregoing and no warranty or fitness is implied. Engage with the contents herein at your own risk. The use of this journal, and the terms and conditions for our providing information, is governed by our Disclaimer, Terms and Conditions and Privacy Policy given on our By referring / using / reading / any type of association / referencing this journal, this signifies and you acknowledge that you have read them and that you accept and will be bound by the terms thereof. We do not have any policy of refunds/ replacements/ sending of back issues. All information, journals,...
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...[pic] An Internship Report on Compliance Requirements for Stock Brokers Ershad Abdulla SSN: 888941044 In Partial Fulfillment of the Master’s program in Business Administration, OHIO University, Athens, USA OHIO University Christ College Academy for Management Education Christ College Campus Hosur Road, Bangalore May 2007 Acknowledgement At the outset I wish to express my gratitude to the management of the BSE for having given me the opportunity to undergo my Summer Internship program for six weeks. My project work based on Compliance Requirements in the Stock Exchange was prepared on the study of various compliance requirements that the members need to comply with and the inspection procedures followed in the Exchange. I was extremely pleased to work in BSE’s friendly atmosphere. My sincere thanks to the Inspection Department of the BSE; who have contributed by helping me and providing me with valuable information. This has enabled me to complete my project on time. I express my immense gratitude to my mentor and project Guide Mr. Mitesh Thakkar who guided me throughout the project and also to Mr. Yogesh Bambardekar and Mr. Pankaj Guptan and P.K Ramesh who extended their help whenever required. Executive Summary One of the most dynamic fields of business is the Capital Market. It is considered one of the most promising and emerging markets in the world. This is because...
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...Acceptable IT Usage Policy Acceptable IT Usage Policy Capgemini India The information contained within this document is the property of CAPGEMINI INDIA and is issued in confidence and must not be reproduced in whole or in part. Acceptable IT Usage Policy Document Control Revision History Date Version 8th June 2004 ISMS-Annex04/1.0 1.1 Author C. Rai – ISMS Manager C. Rai – ISMS Manager Description FIRST RELEASE Second Release – Revision of earlier release to adapt QMS guidelines on document controls and classification standard Control 3.9 – “network” was replaced with “network server” Addition of control 3.19 “Network access to temporary staff and visitors” under section 3 Addition of SECTION 8 “Mobile computing and Teleworking Policy” SECOND RELEASE Changes in software copyright compliance, Internet policy, maintaining information security, password policy. THIRD RELEASE Addition of acceptable use policy on Data Card / GPRS / Blackberry 15th Jan 05 28th Jan 05 1.2 C. Rai – ISMS Manager 12th Feb 05 1.3 CRAI – ISMS Manager 3rd March 05 2.0 CRAI – ISMS Manager Chandrashekhar Moharir – ISMS Team 27th September 2.1 05 4th Oct 06 18th 08 3.0 Cmoharir- ISMS team Dmalli- ISMS Team September 3.1 19th September 3.1 09 22nd April 2010 3.2 Company Confidential Kamal Seepana- ISMS No changes Team Daksha Malli Policy Revision Page 2 of 20 Printed copies are current on distribution date. Always refer to the electronic...
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...WHITEPAPER ON GLOBAL WORKFORCE COMPLIANCE. -Under the guidance of Faculty -Dr.Prof.Savita G.R (Asst.Prof.HR -Prin Welingkar Institute Of Management and Research, Bangalore) By: Ankita Shrivastava Student Of E-business We School,bangalore WHITEPAPER ON GLOBAL WORKFORCE COMPLIANCE- EXECUTIVE SUMMARY: Organizations are expanding at a great pace today. Mergers and Acquisitions have also increased many folds. With this there is the need for organizations to maintain a checklist of statutory, legal, business and domain specific compliances. Statutory compliances mainly includes compliance to minimum wages, ESI Act, PF Act, Apprentices Act, Contract labour Regulation and Abolition act, Industrial disputes Act, Payment of gratuity act, Equal Remuneration Act, Employee State remuneration act etc. At the organizational level, domain based compliances are also important. With organizations looking into more of mergers and acquisitions, the role of human resources is very vital to manage the cultural and language barriers. With this the objective of this paper is to throw light on various compliances to be ensured at the statutory level, role based and domain based level. OUTCOME: The outcome of this project is a recommended framework for Global HR Compliance with respect to legal, statutory regulations, employee leave management systems, role based compliance , organizational compliance and domain based compliances for any business during global expansions...
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...GO GREEN - A CHANGE THAT CAN CHANGE OUR LIVES 1. 2. 3. 4. 5. 6. 7. 8. 9. Contents.......................................................................................................... 1 Vision and Mission and definition of Corporate Governance ............................ 2 Introduction..................................................................................................... 3 ICSI Map ......................................................................................................... 4 Objectives and Functions ................................................................................. 5 Council and its Committees and Organisation Structure of the ICSI .................. 6 Role of Company Secretary.............................................................................. 7 Career Path.....................................................................................................11 ICSI at your Desktop.......................................................................................13 10. Company Secretary Management Information Center ...................................14 11. Professional Development and Continuing Education .....................................16 12. Publications ....................................................................................................18 13. Memorandum of Understanding (MOU) .........................................................19 14. ICSI's Major Initiatives in Corporate Governance...
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...THE UNIVERSITY OF BURDWAN DIRECTORATE OF DISTANCE EDUCATION TERM PAPER ON CORPORATE GOVERNANCE PRACTISE BY DIFFERENT COMPANIES OF INDIA AND OTHER COUNTRIES. COURSE: MASTERS IN BUSINESS ADMINISTRATION PAPER: BUSINESS LAWS AND CORPORATE GOVERNANCE. PAPER CODE: MBD 107. SEMESTAR: 1ST SUBMITTED BY SOUMYA KANTI BOSE ENROLLMENT NO: DDE/MBA/JUL2013/14. REGISTRATION NO: APPLIED FOR. SESSION: JULY 2013 - JUNE 2015. INDEX PARTICULARS | PAGE NO | Introduction | 03 | Objectives of Study | 03 | World Scenario in Corporate Governance | 03 | Indian Scenario in Corporate Governance | 03-04 | Corporate Governance Practices By State Bank of India, India | 04-05 | Corporate Governance Practices By Axis Bank Ltd, India | 05-13 | Corporate Governance Practices by National Australia Bank, NAB | 13-18 | Corporate Governance By HSBC, London | 19-23 | Conclusion | 23 | Reference | 23 | Introduction: The issue of corporate governance has come up mainly in the wake up economic reforms characterized by liberalization and deregulation. Corporate governance has at its backbone a set of transparent relationships between an institution’s management its board, shareholders and other stakeholders. Corporate governance has come up mainly in the wake up of economic reforms characterized by liberalization and deregulation. According to OECD, the corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation...
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...Zinnov Management Consulting IT Adoption in BFSI Sector in India 2012 This report is solely for the use of Zinnov Client and Zinnov Personnel. No Part of it may be quoted, circulated or reproduced for distribution outside the client organization without prior written approval from Zinnov. India is a fast growing IT market; BFSI vertical constitutes a significant share of the overall spending USD billion $13.7 17.1% FY12 FY11 Distribution of IT Spending in India, FY12 Energy 15.7% Government 15.4% Hardware $11.7 IT Services $12.6 14.4% $11.0 Manufacturing 28.8% BFSI 11.1% Telecom 7.2% Education 1.5% Healthcare 1.0% Software Products $4.2 19.5% Consumers 11.9% Others1 7.0% Retail 0.4% $3.5 Total domestic IT market FY12 ~ USD 30.4 billion Overall, BFSI vertical is contributing significantly to the growth of the Indian economy; its share in Indian GDP is estimated at ~8% Source: Company Annual Reports and Press Releases; Dataquest; Primary Interviews with Stakeholders in the Indian IT Ecosystem; MOSPI; Zinnov Analysis Note: 2 The rapid diversification of the sector including Banks, NBFCs and Insurance presents huge IT opportunity Over 97,000 Scheduled Banks in India (235) Commercial Banks (166) Co-operative Banks (69) Unscheduled Banks Public Sector Banks (26) Nationalized Banks (20) Foreign Banks in India (33) Private Sector Bank (21) Regional Rural Banks (82) Urban Cooperatives (53) State...
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...organization should set two tasks: to prepare the base for the future activity success and to help an organization function better than others in the competitive environment. In this paper team B will discuss the principles and strategies for small, medium, and large organizations. Small Business In the small business scenario, this week has focused on some of the principles and strategies of starting up a Limousine services consisting of at least 25 employees. The owner of the company, Bradley Stonefield, has an idea of offering “First Class Transportation” with a company that will be called Landslide Limousine Service. Some of the details that need to be covered prior to opening the company must focus on the employment laws and compliance. When attempting to recruit the best talent for this business, the owner of the company is asking for guidance on details about some of the services that can be offered to employees such as benefit packages, health insurance, life insurance, and pay structure. The owner is also requesting for us to organize a plan to screen potential employees so that they are getting the highest qualified applicants for the company. Because this is a smaller- sized business, consisting of only 25 employees, the company will be able to band together with other organizations to build a purchasing coalition to negotiate lower purchasing agreements with insurance providers. To keep costs down for the company and offer more incentives for...
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...regulations, customary practice, and other factors and may secure the provision of professional services in their territories through subsidiaries, affiliates, and/or other entities. In the United States, Deloitte LLP is the member firm of DTTL. Services are primarily provided by the subsidiaries of Deloitte LLP, including:• Deloitte & Touche LLP• Deloitte Consulting LLP• Deloitte Financial Advisory Services LLP• Deloitte Tax LLP In India, Deloitte LLP has the following indirect subsidiaries: Deloitte & Touche Assurance & Enterprise Risk Services India Private Limited, Deloitte Consulting India Private Limited, Deloitte Financial Advisory Services India Private Limited, Deloitte Tax Services India Private Limited, and Deloitte Support Services India Private Limited. These entities primarily render services to their respective U.S.-based parents. Deloitte & Touche Assurance & Enterprise Risk Services India Pvt. Ltd A collaborative venture between Deloitte & Touche LLP and Deloitte Touche Tohmatsu India Private Limited, U.S. India AERS provides audit and advisory services...
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