Railway Accounts Department Examinations

Tuesday, July 31, 2018

Appendix 3 Exam Dates announced - 26th November, 2018 onwards

FAQs - Frequently Asked Questions - Appendix 3 examination


FAQ – Frequently Asked Questions about Appendix 3 IREM examination

1.      Why Qualifying examination for promotion to the rank of section officer (a/cs), inspectors of station accounts and inspectors of stores accounts is called as “Appendix 3 IREM “ examination ?

Ans: Details of the said examination is available in “Appendix 3 of IREM – Indian Railways Establishment Manual “ (Available at the end of article).     The examinations of Accounts Dept are as follows.
Appendix 1 of IREM
IRAS probationary officers
Appendix 2 of IREM
Qualifying examination for promotion above accounts clerks of the   accounts department up   to and   including the rank of accounts assistants
Appendix 3 of IREM
Qualifying examination for promotion to the rank of section officer (a/cs), inspectors of station accounts and inspectors of stores accounts 
Appendix 4  of IREM
Promotion to and  confirmation the rank of stock verifiers 

2.      At what intervals, the examination is conducted?

Ans:   Every year  

3.      What is the eligibiligy for appearing the Examination ?

              Ans:  He or she should have passed the Appendix 2 examination and completed 5 years continuous service in a Railway Accounts office or completed 3 years continuous service in a Railway Accounts office, if he/she is a graduate.

4.      How many chances is a candidate permitted to avail ?

Ans: Normally 3 chances. However 10 chances may be permitted subject to the permission granted by the following officers.

Chances
Permission granted by
1 to 3
Normal
4 to 5
FA& CAO
6
General Manager
7 to 10
Railway Board
5.      Is absence from the examination counted as a chance availed ?

           Ans: Yes. Absence from the examination shall be counted as a chance/attempt for this purpose.

6.      What are the passing marks for the examination ?

Ans:
Paper
General category
SC/ST category
Advanced Book keeping
40 %
30%
General Rules & Procedures
40%
30%
Optional Paper  with Books
40%
30%
Optional Paper without books
40%
30%

Note: 45% for general category and 35% for SC/ST category in aggregate in both papers of Optional subject

7.      What is the combination of Optional subjects in the examination ?

Ans:   OPTIONAL SUBJECTS - APPENDIX-3 (IREM) Examination

                       for SO(A) group  - Eight choices
First Optional
Second Optional
General Expenditure
Books & Budget
General Expenditure
Stores Accounts
General Expenditure
Workshop Accounts
General Expenditure
Establishment & PF Accounts
Books & Budget
Stores Accounts
Books & Budget
Workshop Accounts
Books & Budget
Establishment & PF Accounts
Traffic Accounts
Traffic Statistics & Traffic Book

Note: General Expenditure and Books & Budget is popular choice among candidates.  But the final selection depends on the candidates exposure in the working /interest /advice of seniors etc.

             for TIA group  - No choice
First Optional
Second Optional
Station Accounts
Traffic Accounts

  
            for ISA group  - No choice
First Optional
Second Optional
Stores Accounts
General Procedures
 followed in office of COS

8.    What is the eligibility criteria (marks) for claiming exemption ?

Ans:  60% . A candidate who fails in the examination but shows marked excellence in any subject by obtaining not less than 60 per cent of the maximum marks of that subject will be exempted from further examination in that subject in subsequent examinations. 

Examples are

1.  Optional paper with books - 65 marks (i.e., above 60 marks)           } Candidate declared is
     Optional paper without books - 62 marks (i.e., above 60 marks)     } exempted in that subject

2.  Optional paper with books - 65 marks (i.e., above 60 marks)           } Not exempted 
     Optional paper without books - 58 marks (i.e., below 60 marks)     }

        9.  Click the links below for details.


Single Examination pattern


10. Railway Codes Suggested for Optional Subjects.



ü  Frequently asked question is “WHICH CODES ARE REFER FOR WHICH OPTIONAL”

ü  Here is the answer.  

ü  Related Manuals, GCC- General Conditions of Contract  and Finance Compendium (for General Expenditure)  also helpful for attempting optional papers.


Optional
Railway Code
Railway Code
Railway Code
Books & Budget
Accounts Code Volume One
Finance Code Volume One
Finance Code Volume Two
General Expenditure
Accounts Code Volume One
Finance Code Volume One
Engineering Code
Stores Accounts
Stores Code Volume One
Stores Code Volume Two

COS office – General procedures
Stores Code Volume One
Stores Code Volume Two

Workshop Accounts
Rolling Stock Code


Traffic Accounts
Accounts Code Volume Two
Traffic Code

Station Accounts
Accounts Code Volume Two
Traffic Code

Traffic Statistics & Traffic Book
Accounts Code Volume Two
Traffic Code

Establishment & PF Accounts
Establishment Code Volume One
Establishment Code Volume Two








Sunday, July 29, 2018

Advances to Contractors



v  1264 E -Para No.64 of 12th chapter of Indian Railways Engineering Code  - Click here

v  As far as possible abstain from giving advances to Contractors.  That means No payment is made except for work actually done. 

v  GMs may, however, sanction within their delegation of powers  - Those works which are capital intensive and specialized nature and also when estimated value of the tender exceeds Rs.25 Crores.

v  Such advances are of four types.


I-Mobilization Advance: 

v    Limited to 10% of the Contract value and payable in 2 stages. 

A.      Stage I - 5% of Contract value  - on signing of the Contract Agreement.

B.      Stage II - 5 % on mobilization of site establishment, setting up of offices, bringing in equipment & actual commencement of work.


     II- Advance against Machinery & Equipment:

v   Limited to a maximum of 10% of the Contract value.  Also Limited to 75% of the purchase price of such
          Equipment.

v   Against New Machinery & Equipment, involving substantial outlay, brought to side and essentially
           required for the work. (No advance -Against old equipment)

v  Hypotheticate to the President of India by a suitable Bond or alternatively covered by an irrevocable Bank Guarantee for full cost of the Plant & Equipment

v  The Plant & equipment shall be insured for the full value and for the entire period.

v  Such Plant & Equipment shall not be removed from the site of work without prior written permission of the Railway Engineer.  



v  Decided on the merits of each case .

v  By General Managers with recommendations of PCE in consultation with PFA. 

v  Total of such Advance is up to Rs.100 Crores or less or as decided by Railway Board in a year.

v  Restricted to 5% of Contract value or Rs.1 Crore whichever is less. 
IV - Advances in Exceptional Cases:

v  By General Managers with recommendations of PCE in consultation with PFA. 

v  Up to a maximum of Rs. 5 Lakhs.

v  Contracts of value of less than Rs. 50 Lakhs.

v  Exceptional cases only.

The Above Advances Are Subject To The Following Conditions -  ACS 54  Click here

ü  Interest rate  - decided by the Railway Board at the beginning of the financial year.   - applicable for the tenders opened in that financial year.

ü  Advances except those against machinery and equipment,   - Irrevocable guarantee (Bank Guarantee, FDRs, KVPs/NSCs) of at least 110% of the value of the sanctioned advance amount (covering principal plus interest). The Bank Guarantee shall be from a Nationalised Bank in India or State Bank of India in a form acceptable to the Railways;

ü  The recovery shall commence - When the value of contract executed reaches 15% of original contract value

ü  The recovery shall complete - When the value of work executed reaches 85% of the original contract value.

ü  The instalments on each "on account bill" will be on pro-rata basis;

ü  Grant of advance is primarily in Railway's own interest

ü   Not eligible - same Advance for same work from different officers.

ü  Accounts Office - responsible for payment & recovery of such advances.

Recovery of Interest:

v   Interest shall be recovered on the advance outstanding for the period commencing from the date of payment of advance till date of particular on-account bill

v  adjusted fully against on-account bill along with pro-rata principal recovery.

v  In the event of any short-fall, the same shall be carried forward to the next on-account bill and shall attract interest.

v  The Bank Guarantee for such advances shall clearly cover at least 110% of the value of the sanctioned advance amount (covering principal plus interest).
****