Railway Accounts Department Examinations

Showing posts with label Railway Convention Committee. Show all posts
Showing posts with label Railway Convention Committee. Show all posts

Sunday, September 9, 2018

Railway Convention Committee (An Important Short Notes question)


1988,1992,1995 (with out Books) & 1987,1990 (with Books)  - short notes

       Þ       is an ad hoc Parliamentary committee constituted from time to time on Resolution adopted by Lok Sabha and concurred in by Rajya Sabha.

       Þ       The appointment and functions of Railway Convention Committee is a part of Parliamentary control over Indian Railway Finances.

       Þ       Composition of RCC - 12 members from Lok Sabha nominated by Speaker and 6 Members from Rajya Sabha nominated by Chairman.

       Þ       The Chairman of the Committee is appointed by the Speaker from amongst the members of the Committee.

       Þ       After Independence, first RCC constituted in the year 1949. Since then, each Lok Sabha has been having a Railway Convention Committee.

       Þ        The Committee becomes functus officio after presenting its final Report regarding rate of dividend payable to General Revenues.

       Þ       The Report of the Committee on the Rate of Dividend is considered by the House on a Resolution moved by the Minister of Railways.

       Þ       After a Report has been presented to the House, the Ministry of Railways and other concerned Ministries are required to take action on various observations and recommendations contained in the Report. The replies of the Government are examined and an ATR- Action Taken Report is then presented to the House.

       Þ       is formed once in five years (normally with the formation of New Loksabha)

       Þ       Its rules generally applicable for a period of five years.

       Þ       R C C recommends on the following aspects:

ü Rate of Dividend payable to the General Revenues. (This may not require now, due to merger of Railway Budget with General Budget)

ü Appropriation to the D.R.F.

ü Modification of rules of expenditure allocation between Capital and Revenue.

ü How Rly Surplus (after the payment of Dividend) should be distributed among various Railway Funds.

ü To introduce flexibility in the administration of the Railway finances.

ü Accounting matters and aspects of Management practices on Railways.

ü Express views on Rolling Stock Production and any short earnings and how the same should be overcome.

ü And any other subject matter brought to its notice by the Minister of Railways.