Railway Accounts Department Examinations

Sunday, February 9, 2020

NIF - National Investments Fund


NIF - National Investments Fund

·         One of the sources of finance for Indian Railways Capex - Capital Expenditure

·         Established in 2005

·         Maintained by : DIPAM - Dept of Investments & Public Asset Management

·          Credits: Proceeds from disinvestment of CPSEs - Central Public Sector Enterprises.  Initially the proceeds are kept under Public Account of India.

·          Corpus(Amount) of NIF - Permanent nature.  That means  the money with the NIF is permanent in nature and is professionally managed to provide returns (income) to the Government without depleting its value (corpus) 

·         Managed by : Professional Managers such as SBI Funds Managment pvt ltd, UTI Asset Management Company ltd, LIC Mutual Fund Asset Management Company ltd.

·         NIF income- utilised for the following purposes.

1.       Subscribing - shares being issued by the CPSE on Rights basis or Preferential allotment of shares as per SEBI regulations  ( to ensure 51% ownership by the Govt)
2.       For capital infusion in Public Sector Banks & Public Sector Insurance companies to meet BASEL III norms.
3.       Investments in Regional Rural Banks/NABARD- National Bank for Agriculture & Rural Development/EXIM Bank - Export - Import Bank/IIFCL - India Infrastructure Finance Company Limited.
4.       Equity infusion in Metro Projects
5.       Investment in Bhartiya Nabhikiya Vidyut Nigam Limited (BNVNL) & Uranium Corporation of India Limited.
6.       Investment in Indian Railways towards Capital Expenditure.
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CRIF - Central Road & Infrastructure Fund


CRIF - Central Road & Infrastructure Fund

·         One of the Sources of Finance under Capital Expenditure (Capex) of Indian Railways

·         Rs. 18,500 Crores - allocated to Capex of Indian Railways in 2020-21 Budget (Rs. 15,250 Crores in 2019-20) - Usually spend on LC Gates and ROB/RUBs under Plan Heads 2900 & 3000 through RSF - Railway Safety Fund.  CRIF is the main source for RSF.

·         Established in 2000   (The Central Road and Infrastructure Act, 2000) F

·         Old name is CRF - Central Road Fund

·         Managed by Dept of Economic Affairs (DEA) under Ministry of Finance. (Previously it is under Ministry of Road Transport & Highways)

·         Source of Fund -  Levy & collect by way of Cess, a duty of excise and duty of customs on Petrol and Diesel  (in 2018-19 - Rs. 1,13,000 Crores collected).  It is approximately Rs. 10 per liter of Diesel / Petrol.

·         Object: To finance infrastructure projects such as Railways, Inland Waterways, Roads & Bridges, Ports, Shipyards, Urban Public Transport, Energy, Water & Sanitation, Communication & Social infrastructure (educational institutions)
   
·         Ministerial panel on CRIF - 4 Ministers (of Finance, Railways, Road transport & Highways, HRD) - for allocation of funds under CRIF

·         The 15-member sub-committee has Secretaries from different Ministries - Examine and evaluate proposals received from Ministries on infrastructure projects.
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2020-21 Railway Budget financials


 2020-21 Railway Revenue Budget - Financials

click for Statement of Railway receipts and Expenditure Budget 2020-21


SN
Receipts
Amount
(Rs. in Crores)
Percentage

SN
Expenditure
Amount
(Rs. in Crores)
Percentage
1
Coaching Earnings
67500
30 %

1
Ordinary Working Expenses
163157.17
75 %
2
Goods Earnings
147000
65 %

2
Appropriation to DRF
800
1 %
3
Sundry Earnings
11013
5 %

3
Appropriation to Pension Fund
53160
24 %
4
Gross Earnings (1+2+3)
225513
100 %

4
Gross Working Expenses (1+2+3)
217,117.17
100 %
5
Suspense
100


5
Suspense
- 404.17

6
Gross Receipts (4+5)
225613


6
Gross Expenditure (4+5)
216713

7
Misc Receipts
300


7
Misc. Expenditure
2700

8
Total Receipts (6+7)
225913


8
Total Expenditure
219413


Net Revenue = Total Receipts - Total Expenditure
Net Revenue = 225913 - 219413
Net Revenue = 6500

Rs. 6500 Crores Net Revenue is appropriated to

1.       Development Fund - Rs. 1500 Crores
2.       RRSK - Rashtriya Rail Sanraksha Kosh - Rs. 5000 Crores


Nil appropriations to Capital Fund and RSF - Railway Safety Fund 


Operating Ratio = Gross Working Expenses / Gross Earnings x 100
Operating Ratio = 217117.17 / 225513 x 100
Operating Ratio = 96.28 %

Highest & Lowest Operating Ratio of Zonal Railways

Zonal Railway
OR
Rank
Metro Railway, Kolkata
250.3
HIghest
Eastern Railway, Kolkata
171.1
Second Highest
East Coast Railway, Bhubaneswar
50.9
Lowest
South East Central Railway, Bilaspur
52.3
Second Lowest


Single Demand Number for Ministry of Railways - 83




Single Demand Number for Ministry of Railways is 83  (as per Budget documents 2020-21)



Note:
The reason why the Government changes the number of Demand pertaining to Railways is not clear. Initially i.e., when Railway Budget was merged with General Budget in 2017-18, Single Demand No. 80 was allotted for Railways.  Subsequently, 80 was changed to 81,  again changed to 82.  Finally as per latest budget documents of 2020-21 year, it is again changed to 83. 

May be due to intervening of some new ministries/ depts and alphabetical order are the reasons for such change. 


Union Government of India - Demands for Grants

Total number of Demands for Grants for all Ministries - Government of India  - 101


·         54 Ministries  -101 Demands for Grants

·         Demand Numbers assigned to the Ministries as per alphabetical order.  For example, Agriculture ministry Demand Numbers are 1 & 2.  Atomic Energy Demand number is 3.   Last Demand Number 101 is assigned to Youth affairs & sports.


·         Summary of Demands for Grants of Union of India

Ministry
Number of Demands
Finance
12
Home Affairs
11
Defence
 4
Railways
 1
Other Ministries (50)
73
Total
101



Friday, February 7, 2020

HMR - Hyderabad Metro Rail


HMR - Hyderabad Metro Rail


·          Pride of Hyderabad city

·         World’s largest Public-Private Partnership (PPP) project in Metro Rail sector.

·         A MRTS – Mass Rapid Transport Project

·         An integrated urban transport development project with inter modal connectivity and convenient sky walks  - for seamless commuting across busy Hyderabad city.

·         Gauge : Standard Gauge 1435 mm ( where as Broad guage -1676 mm is used in Indian Railways)

·         Standard Gauge is also called as uniform gauge, UIC gauge, International gauge etc.  60 % of the World Railway tracks are operated in Standard guage only.

  • Maximum capacity per 3 car train  - 965  (Each car – 40 seats)

·         Brand Mantra of HMR – “My City, My Metro, My Pride”

Why Metro in Hyderabad city

·           Population stands at 1 Crore + .  Projected to touch 1.36 Crores by 2020

·         Currently 50 lakhs personalized vehicles ply on Roads with addition of 5 lakh vehicles every year.

·         80 Lakh motorized trips – every day  .  Out of which 32 Lakh trips are made by Public transport system i.e., Local Trains & Buses.  Rest of 48 Lakh trips are made by personal vehicles leading to bottlenecks, high pollution levels & steep increase in fuel consumption


DBFOT –Design, Build, Finance, Opeation & Transfer

·         35 years (5 years construction + 30 years Operation)

·         Can be extended to another 25 years

·         After 35 years, entire structure incl: Track, Corridors, Station Buildings etc, Rolling stock, Malls etc should be transferred to State Government i.e., Telangana.

·         Central Metro Act extended to Hyderabad city.


Salient features

1.    Three Corridors -69 KM

2.    Corridor 1 – Red Line   - From Miyapur to LB Nagar -29 KM

3.    Corridor 2 – Green Line – From MGBS – Mahatma Gandhi Bus Stand to JBS – Jubilee Bus Stand – 11 KM

4.    Corridor 3 – Blue Line – Nagole to Raidurg – 29 KM

5.    Concessionaire (the holder of a concession or grant, especially for the use of land or commercial premises or for trading rights.) is LTMRHL – Larsen & Toubro Metro Rail Hyderabad Limited.  It is a SPV – Special Purpose Vehicle


6.    Eco friendly, fully automated and best-in-class transportation, reduction of carbon footprints

7.    RBT – Regenerative Braking Technology

8.    CBTC – Communication Based Train Control technology – virtually one train can speak to another train 

9.     Comfortable Air Conditioned coaches

10. HMRL – Hyderabad Metro Rail Limited, a Govt of Telangana enterprise

11.  Every KM (approx) – One Station

12. Automatic ticket vending machines - reducing waiting time in queues and counters.

13. Automatic fare collection system - hassle free entry and exit from the stations.



Partners

·         Operations & Maintenance – Keolis  (Paris based organisation- World leaders in public transport business)

·         Rolling Stock (Coaches)  - Hyundai Rotem of South Korea

·         Communications – Thales, Portugal

·         Signal & Train Control – Thales, Canada

·         Ballast less Track – Tata Corus (France), Voest Alpine (Austria) & Vossloh (Germany)

·         Automatic Fare Collection (AFC) – Samsung (South Korea)

·         Elevators & Escalators – OTIS (USA)



Green Metro

·         Reduce Carbon footprint -10 thousand tons of CO2,  200 tonnes of volatile organic compounds & 12 tonnes of particulate matter are eliminated

·         Efficient power consumption

·         Rainwater harvesting – One lakh litres of water per day is recycled

  • One ton of waste paper per year is recycled. Thus saves 23 trees per year.

Financials:

·         Total Estimated Cost – Rs. 14.132 Crores

·         Central Govt support through VGF – Viability Gap Fund – Rs. 1458 Crores

·         Amount spent by State Govt. i.e., Telangana  - Rs. 3000 Crores

·         Revenue Model  - TOD – Transit Oriented Development

A.   Passenger fares – 50 %

B.   Retail Malls (as TOD) -40 %  (57 acres given by State Govt on lease basis)

C.   Advertisements & stalls at Stations – 5%


Status of Metro trains – World over
·         Approx 200 Metro Trains in Cities worldwide

·         Out of that, only 4 are in profits (Tokyo, Taipei, Singapore & Hongkong)


Prominent features of Rolling Stock
·         3 Cars Train set (can be extendable to 6 Cars Train set)

·         Maximum Design Speed – 90 kmph

·         Maximum Operating Speed – 80 kmph

·         Average Speed – 33 kmph

·         Dwell/Halt time at Station – 20 Seconds

·         Energy regeneration during electro dynamic braking

Timeline
·         Conceived in 2007 (HMR formed)

·         Agreement with L&T – 2010

·         First Corridor started – 2017 (28th November)

·         Last Corridor started – 2020 (7th February)