Explanation:

ILC means the Indian Labour Conference and SLC stands for the Standing Labour Committee.
The functions of ILC are:
(a) To promote uniformity in labour legislation
(b) To lay down a procedure for the settlement of industrial disputes
 (c) To discuss matters of All-India importance as between employers and employees.
 The ILC advises the Government on any matter referred to it for advice, taking into account suggestions made by the States and representatives of the organisations of workers and employers.