Skip to main content

Posts

Showing posts from October, 2010

Foreign Exchange Dictionary (FOREX)

A Aggregate RiskTotal amount of exposure a bank has with a customer for both spot and forward contracts. American Option An option which may be exercised at any valid business date through out the life of the option. Appreciation Describes a currency strengthening in response to market demand rather than by official action. Arbitrage A risk-free type of trading where the same instrument is bought and sold simultaneously in two different markets in order to cash in on the difference in these markets. Around Used in quoting forward "premium / discount". Ask Price Ask is the lowest price acceptable to the buyer. Asset In the context of foreign exchange is the right to receive from a counterparty an amount of currency either in respect of a balance sheet asset (e.g. a loan) or at a specified future date in respect of an unmatched forward Forward or spot deal. At Best An instruction given to a dealer to buy or sell at the best rate that is currently avail

Labor Laws in India

Some of the common labor laws that needs to be complied with by manufacturing companies. LABOUR LAWS 1. The Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959 2. Equal Remuneration Act, 1976 3. Employees State Insurance Act, 1948 4. Labour Laws (Exemption From Furnishing Returns and Maintaining Registers by Certain Establishments) Act, 1988 5. The Industrial Employment (Standing Order) Act, 1946 read with The Industrial Employment (Standing Order) Central Rules 1946 6. The Employees Provident Funds and Miscellaneous Provisions Act, 1952 along with the Central Scheme, 1952 7. Payment of Bonus Act 8. The Contract Labour (Regulation & Abolition) Act, 1970 read with Bihar Contract Labour (Regulation & Abolition) Rules, 1972 9. The Minimum Wages Act, 1948 read with Jharkhand Minimum Wages Rules, 2001 10. Workmen’s Compensation Act, 1923, Workmen’s Compensation Rules, 2004 and Jharkhand Workmen’s Compensation Rules, 2001 11. Paym