Railway Accounts Department Examinations

Showing posts with label Revised. Show all posts
Showing posts with label Revised. Show all posts

Sunday, September 17, 2023

Revised Estimates - GM Powers

 



Revised Estimates - GM Powers 



Source 1: Railway Board Letter 2023/F(X)-II/WP/2 dated 14.09.2023 - click here  


Source 2: Chapter 7 of Engineering Code 



When & How - RE - Revised Estimate is prepared - Para 708 E



  • As soon as it becomes apparent,

  • that the expenditure on a work is likely to exceed the amount (in Detailed Estimate) 

  • A RE - Revised Estimate is prepared & 

  • Submitted for sanction of the Competent Authority 

  • In the Same form & the same degree of detail (as the Original Estimate) 

  • Accompanied by a Comparative statement showing the excess or saving under each head of account.  




GM Powers - Sanction of Excess amount



Item

Price escalation

Other than 

Price escalation

Remarks

RE - Revised Estimate

Full powers 

Up to 20% of Original cost

MM - Material Modification - Up to Rs. 2.5 Crores in each case 

M&P Estimates

Up to 100% of Original Estimate or Rs.2 Crores whichever is less

Up to 20% of Original cost or Rs.50 Lakhs whichever is less

MM - Material Modification - Above Rs.10 Lakhs each - Personal approval of GM and Personal approval of PFA

Lump sum Works

Full powers 

Up to 20% of Original cost

Beyond permissible limits - Can sanction as long as the Revised cost is within the limit of powers of New Works under Lump sum category 


Throw forward works - subject to re-appropriation within the sanctioned allotment 

Survey Estimates

Up to 20% (if Original Estimate is sanctioned by Railway Board)

Subject to 


  1. Surveys are included in the Budget

  2. Followed approved yardsticks



Beyond GM Powers - Proposals sent to Railway Board - Check list as follows: 


  • Personal approval of GM 

  • Personal concurrence of PFA or PFA/C or FA&CAO/C

  • Complete details of Revision  

  • Variation Statement/MOD - Memorandum Of Differences 

  • Explanation 

  • Justification for increase/decrease in the scope of work and quantities 



Key points for MCQ : 


  1. Beyond GM powers - Required of Personal approval of GM & Personal concurrence of PFA or FA&CAO/C  

  2. MOD stands for Memorandum Of Differences 

  3. RE stands for Revised Estimate 

  4. DE stands for Detailed Estimates 

  5. MM stands for Material Modification

  6. Estimates - Chapter 7 of Engineering Code 

  7. GM Powers: 

  1. Revised Estimates - Price escalation - Full powers  

  2. Revised Estimates - Other than Price escalation - Up to 20% of Original Cost. 

  3. MM - Material Modification - Up to Rs. 2.5 Crores in each case  

  4. M&P estimates - Price escalation -  Up to 100% of Original Estimate or Rs.2 Crores whichever is less 

  5. M&P estimates - Otherthan Price escalation - Up to 20% of Original cost or Rs.50 Lakhs whichever is less 

  6. Lump sum works - Price escalation - Full powers 

  7. Lump sum works - Otherthan Price escalation - Up to 20% of Original Cost 

  8. Survey estimates - Up to 20% (if Original Estimate is sanctioned by Railway Board) 





Tuesday, August 16, 2022

Syllabus for AFA Post - LDCE




 Syllabus for AFA Post - LDCE 




SN

Topic

Marks

Marks

1

General Principles of Government Accounting and Audit with Special reference to Railways

15


2

Books & Budget including Traffic Book

15


3

Traffic Accounts & Statistics

15


4

Establishment

15


5

General Expenditure

15


6

Workshop Accounts

15


7

Stores Accounts

15



Professional Subject

105

105 Marks





9

General Knowledge

25


10

Official Language (Optional)

15

40 Marks


Part II

40 

40 Marks





11

Part III - Management Accounts & Financial Justification for Expenditure

30

30 Marks






Grand Total


175 Marks


  






Comparison of New Pattern with 175 marks with old pattern i.e., 2 Papers with 150 Marks each





Old Pattern

New Pattern


Change

Topic

Marks

Topic

Marks

General Knowledge

25 Marks

General Knowledge

25 Marks

No change

English

25 Marks

English

Nil

Removed English portion. Reduced 25 Marks

Official Language

15 Marks

Official Language

15 Marks

No change

General Principles of Government Accounting and Audit with Special reference to Railways

50 Marks

General Principles of Government Accounting and Audit with Special reference to Railways

15 Marks

Reduced 35 Marks

Books & Budget including Traffic Book

50 Marks

Books & Budget including Traffic Book

15 Marks

Reduced 35 Marks

Financial Justification for Expenditure

25 Marks

Financial Justification for Expenditure

15 Marks

Reduced 10 Marks

Management Accounting

25 Marks

Management Accounting

15 Marks

Reduced 10 Marks

Traffic Costing

25 Marks

Traffic Costing

Nil

Reduced 25 Marks

Traffic Accounts & Statistics

(optional)

50 Marks

Traffic Accounts & Statistics

(Compulsory)

15 Marks

Reduced 35 Marks

Establishment

(Optional)

50 Marks

Establishment

(Compulsory)

15 Marks

Reduced 25 Marks

General Expenditure

(Optional)

50 Marks

General Expenditure

(Compulsory)

15 Marks

Reduced 35 Marks

Stores Accounts

(Optional)

25 Marks

Stores Accounts

(Compulsory)

15 Marks

Reduced 10 Marks

Workshop Accounts

(Optional)

25 Marks

Workshop Accounts

(Compulsory)

15 Marks

Reduced 10 Marks