Railway Accounts Department Examinations

Showing posts with label capex. Show all posts
Showing posts with label capex. Show all posts

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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Railway Capex 2020-21 Budget


Top of Form

Railway Capex 2020-21 Budget


·         Capex - Capital Expenditure - 1,61,042 Crores


Source of Finance

Amount
(Rs.in Crores)
Percentage




Capital
46500


RRSK
5000


CRIF
18500


Total - Gross Budgetary Support
70000
70000
43 %




DRF
1000


Development Fund
1500


RRSK
5000


Total - Internal Resources

7500
5 %




EBR - IRFC
30000


EBR - IF
28000


EBR - PPP
25292


Nirbhaya Fund
250


Total - External Resources
83542
83542
52 %




Grand Total

161042
100 %


Note: RRSK -  Rs. 10,000 Crores (Budgetary support - Rs. 5000 Crores & Internal Sources - Rs. 5000 Crores)

·         Make Indian Railways, the Growth engine of the Indian Economy.

·         GBS - Gross Budgetary Support  -  Rs. 70,000 Crores (includes RRSK - Rs. 5000 Crores & CRIF - Rs. 18,500 Crores)

·         Electrification - 6500 Route KMs - target (By 2023-2224 - target is entire BG network electrification)

·         New Lines, GC, Doubling, Tripling - 3750 Route KMs

·         Freight loading target - 1265 Million Tonnes.

·         Average freight lead - 553 KM

·         Originating Passengers - 879 Crores

·         S & T - to implement CTC - Centralized Traffic Control system along with Automatic Block Signaling system- 1830 Kms over 8 Zonal Railways.

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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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Thursday, January 9, 2020

Capex - Capital Expenditure of Indian Railways - 2019-20


CAPEX – INDIAN RAILWAYS 2019-20

Source of Finance
Amount
 (Rs. In Crores)
Amount
(Rs. In Crores)
Percentage
1. Capital
35587


2. RRSK
15000


3. Central Road Fund (Railway Safety Fund)
15250


Gross Budgetary Support (GBS)  - Total
65837
65837
41 %
1.Capital Fund
3000


2. DRF
1000


3. Development Fund – DF
1500


4. RRSK
5000


Internal Resources – Total
10500
10500
7 %
1. IRFC
55471


2. PPP
28100


Extra Budgetary Resources – EBR
83571
83571
52  %
Grand Total

159908
100  %